315 6Th St Little Rock, AR 72202
This exceptional investment opportunity presents a 16-unit apartment building located at 315 E 6th St, Little Rock, AR 72202. The two-story complex, totaling 10,152 square feet, sits on a 0.26-acre lot in the heart of Downtown Little Rock. Built in 1954 and extensively renovated in 2022, this property offers a blend of classic charm and modern updates. Each unit is a one-bedroom, one-bathroom apartment averaging 500 square feet. Currently configured as fully furnished short-term rentals, all furniture is included in the sale. A shared laundry facility adds convenience for residents. The property benefits from a prime location within walking distance of the River Market and numerous entertainment and retail establishments. The HVAC systems have been largely replaced with brand-new units. This multifamily property presents a strong investment opportunity in a thriving urban setting. Its central location, updated amenities, and turnkey operation make it an attractive prospect for investors seeking immediate cash flow and long-term appreciation. The property's size and unit configuration provide a manageable scale for investors while offering significant potential for future growth. The recent renovations ensure minimal immediate capital expenditures, allowing for a swift return on investment.
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Arkansas Repertory Apartments Apartment Building
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.