1501 Main St North Little Rock, AR 72114
- Apartment buildings
- 1,000 SF
- 0.16 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1501 Main St
- Lot size
- 0.16 lot acres
- Property size
- 1,000 SF
- Property type
- Apartment buildings
Description
This exceptional multifamily investment opportunity in North Little Rock, Arkansas, comprises three properties: 1501 and 1503 Main Street, and 1500 Maple Street. The Main Street properties boast a combined five units, totaling between 1,000 and 10,000 square feet, and were fully renovated in 2018. Currently operating as short-term rentals, these properties offer immediate income potential. 1500 Maple Street presents a significant value-add opportunity, requiring complete renovation. The combined lot size ranges from 0.16 to 0.42 acres. Built between 1937 and 1944, this portfolio benefits from its strategic location just 1.1 miles from Simmons Bank Arena and a short distance from the vibrant Historic Argenta Arts District. This district is home to Dickey-Stephens Park, the Argenta Contemporary Theatre, and numerous local amenities. The property's convenient access to major transportation arteries, including I-40 (1.5 miles) and I-30 (0.4 miles), further enhances its appeal. The asking price for this entire portfolio is $525,000, presenting a compelling investment opportunity for discerning buyers seeking a mix of immediate income and future development potential in a thriving Arkansas market. The Pulaski County location offers strong potential for rental income and appreciation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.2675
- Latitude
- 34.7685
