4-Unit Apartment
For Sale
$345,000
Little Rock, AR 72206, Little Rock, AR 72206
Multi-Family, Traditional, Little Rock, AR
Property Size3,696 SF
Lot Size0.21 Acres
Price / SF$93.34
Days on Market206
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Free-Standing Stove, Refrigerator-Stays, Free-Standing Stove, Refrigerator-Stays
Lot features
Level
Subdivision
Fleming & Bradford
Standard status
Active
Size
3,696 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3612
Building Details
Year built
1930
Floors in Building
2
Number of units
4
Flooring type
Wood, Laminate
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Realty
(501) 907-5959
Listed By:
Broderic Armstead
(501) 425-2098
Added: Mar 18
Changed: Oct 8
Last Checked: Oct 9 at 7:06AM
MLS# 26010421
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.
Investment Insights
Based on property information with market context.
This four-unit residential property contains 3,696 square feet and was built in 1930. The 0.21-acre parcel is in Little Rock, Arkansas. Interior details include wood and laminate flooring, and the listed appliances include free-standing stoves and refrigerators. The roof is composition.
Key Highlights
- Four residential units
- 3,696 square feet of building area
- 0.21‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,872
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,440
$597.4K
Cap Rate 7%
$426,743
$426.7K
Cap Rate 9%
$331,911
$331.9K
Market Conditions
NOI Build-Up for 3,696 SF
Gross rent
$57.7K $15.60/SF
− Vacancy
−$3.3K −$0.90/SF
EGI
$54.3K $14.70/SF
− OpEx
−$24.4K −$6.61/SF
NOI
$29.9K $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%
$597,440
Cap Rate 7%
$426,743
Cap Rate 9%
$331,911
Alternative Uses
Best Use
Multifamily LT 5
$481.9K
$421.7K – $562.3K
NOI $33,736 @ 7.0% cap · market cap 9.78%
Second Best
Apartment 5plus
$426.7K
$373.4K – $497.9K
NOI $29,872 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$671.4K
$587.5K – $783.3K
NOI $46,999 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
Explore this area
Business Placement
Demographics for 72206, AR
22,974
Population
10,080
Households
2.3
Avg Household Size
43
Median Age
20%
College-Educated
87%
High-School Grad
111.6 sq mi
ZIP Area
206
Density / Sq Mi
$49,145
Median Household Income
$35,157
Median Earnings
$910
Median Rent
$132,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Wood and laminate flooring are among the documented interior features.
Where is this quadplex located?
The property is located at Little Rock, AR.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Four residential units; 3,696 square feet of building area; 0.21‑acre parcel
