8-Unit Renovated Apartment
For Sale
$960,000
Little Rock, AR 72205, Little Rock, AR 72205
Multi-Family, Traditional, Little Rock, AR
Property Size6,734 SF
Lot Size0.31 Acres
Price / SF$142.56
Days on Market16
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Interior features
Smoke Detector, Closet - Walk In, All Units, Furnished
Exterior features
Brick Fence
Fencing
Brick
Appliances
Bar/Fridge, Dishwasher, Free-Standing Stove, Gas Range, Microwave, Bar/Fridge, Dishwasher, Free-Standing Stove, Gas Range, Microwave
Lot features
Level, Flood Insurance Required
Subdivision
Glen Haven
Standard status
Active
Size
6,734 SF
Lot size
0.31 Acres
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Tax Annual Amount
8819
Building Details
Year built
1971
Floors in Building
2
Number of units
8
Flooring type
Vinyl
Roof type
Metal, Composition
Architectural style
Other
Listing Agency:
Exp Realty
(866) 720-5056
Listed By:
Cody Garrett
(501) 448-5454
Added: Oct 20
Changed: Nov 2
Last Checked: Nov 4 at 10:06AM
MLS# 26042750
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 6,734-square-foot apartment property contains eight renovated, furnished units. Each apartment has two bedrooms and one bathroom, for a combined total of 16 bedrooms and eight bathrooms. Interior features include vinyl flooring, walk-in closets, and smoke detectors; units also have stoves, microwaves, gas ranges, dishwashers, and bar refrigerators. The building dates to 1971 and sits on a 0.31-acre parcel with a brick fence.
The property is in Little Rock near Rodney Parham Road. Shopping, restaurants, everyday services, and major roads connecting with West Little Rock and downtown are identified in the surrounding area. It is currently used for short-term Airbnb stays, and the information describes a potential change to long-term rentals or a combination of rental approaches.
The property is in Little Rock near Rodney Parham Road. Shopping, restaurants, everyday services, and major roads connecting with West Little Rock and downtown are identified in the surrounding area. It is currently used for short-term Airbnb stays, and the information describes a potential change to long-term rentals or a combination of rental approaches.
Key Highlights
- Eight renovated, furnished apartments, each configured with 2 bedrooms and 1 bathroom
- 6,734 square feet on a 0.31‑acre lot
- Currently operating as short‑term Airbnb rentals; long‑term rental use is also described as an option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,427
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,540
$1.1M
Cap Rate 7%
$777,529
$777.5K
Cap Rate 9%
$604,744
$604.7K
Market Conditions
NOI Build-Up for 6,734 SF
Gross rent
$105.1K $15.60/SF
− Vacancy
−$6.1K −$0.90/SF
EGI
$99.0K $14.70/SF
− OpEx
−$44.5K −$6.61/SF
NOI
$54.4K $8.08/SF
Area
Little Rock, AR
Vacancy
5.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,540
Cap Rate 7%
$777,529
Cap Rate 9%
$604,744
Alternative Uses
Best Use
Apartment 5plus
$777.5K
$680.3K – $907.1K
NOI $54,427 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,631 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
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Business Placement
Demographics for 72205, AR
22,888
Population
12,187
Households
1.9
Avg Household Size
39
Median Age
54%
College-Educated
96%
High-School Grad
8.0 sq mi
ZIP Area
2,861
Density / Sq Mi
$62,888
Median Household Income
$50,948
Median Earnings
$1,110
Median Rent
$204,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Furnished apartments are currently operated as short-term rentals, with a stated option to shift to longer-term leasing.
Where is this apartment building located?
The property is located at Little Rock, AR.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Eight renovated, furnished apartments, each configured with 2 bedrooms and 1 bathroom; 6,734 square feet on a 0.31‑acre lot; Currently operating as short‑term Airbnb rentals; long‑term rental use is also described as an option
