Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    101564 Home Sfr Little Rock Ar Kittanning, PA 16201
    Back to Search
    Property profile & analytics

    101564 Home Sfr Little Rock Ar Kittanning, PA 16201

    View on Map
    • Residential income homes
    • 18,363 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 101564 Home Sfr Little Rock Ar

    Year built
    1967
    Property size
    18,363 SF
    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a portfolio of nine single-family rental properties strategically located throughout Little Rock, Arkansas. The portfolio comprises five single-family detached homes and two duplexes, totaling nine units. Built between 1942 and 1980, these properties offer a mix of sizes, ranging from 900 to 6,672 square feet, with an average of 2,040 square feet. Currently boasting 100% occupancy with meticulously screened tenants, the portfolio generates a substantial net operating income (NOI) of $66,978, with a pro-forma NOI of $68,374. The average monthly rent is $864 per unit, significantly below current market rates, presenting a clear path to immediate value enhancement. The total square footage is 18,363 square feet, situated on a 104,112 square foot lot. The asking price is $950,000, representing an attractive price per unit of $105,556 and a price per square foot of $51.73. The current cap rate is 7.05%, with a pro-forma cap rate of 7.20%. This stabilized, cash-flowing investment benefits from existing professional property management, ensuring a smooth transition for the new owner. Little Rock's robust real estate market, characterized by strong rental demand and low vacancy rates (28 days average), further underscores the potential for significant returns. The portfolio's average home price is considerably lower than the Little Rock median home value of $227,853, offering a compelling entry point into this thriving market. This is a fee simple ownership opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kittanning
    County
    Armstrong
    State
    Pennsylvania
    Longitude
    -79.4479
    Latitude
    40.8169

    Comparable in this City

    • Value Estimation by Request
      5,074 SF

      301-305 Arthur St

      BOARDING/ROOMING HOUSE • 5,074 SF
      301-305 Arthur St, Kittanning, PA 16201
      View Details
    • Value Estimation by Request
      2,088 SF

      145 Saddle Clb Rd

      BOARDING/ROOMING HOUSE • 2,088 SF
      145 Saddle Clb Rd, Kittanning, PA 16201-7457
      View Details
    • Value Estimation by Request
      5,817 SF

      133-135 Bradish Rd

      BOARDING/ROOMING HOUSE • 5,817 SF
      133-135 Bradish Rd, Kittanning, PA 16201
      View Details
    • Value Estimation by Request
      8,896 SF

      111 Altmeyer Dr

      BOARDING/ROOMING HOUSE • 8,896 SF
      111 Altmeyer Dr, Kittanning, PA 16201-9527
      View Details
    • Value Estimation by Request
      12,215 SF

      322 Mckean St

      BOARDING/ROOMING HOUSE • 12,215 SF
      322 Mckean St, Kittanning, PA 16201-1345
      View Details
    • Value Estimation by Request
      10,770 SF

      265 Mckean St

      GARDEN APT, COURT APT (5+ UNITS) • 10,770 SF
      265 Mckean St, Kittanning, PA 16201-1367
      View Details

    Similar Nearby for Sale

    • $399,000
      4.49 Acres

      Former School Building with Auditorium

      Spacious building with auditorium, gymnasium, and shop, ready for redevelopment.
      1200 Orr Ave, Kittanning, PA 16201
      View Details
    • $89,900

      Kittanning Duplex for Sale

      Investment opportunity: duplex needing remodel in Kittanning, Pennsylvania.
      1411 Orr Ave, Kittanning, PA 16201
      View Details
    • Contact for pricing
      3.51 Acres

      Kittanning Industrial Space For Lease

      Customizable 30,000 sqft industrial space in West Hills.
      77-87 Glade Dr, Kittanning, PA 16201
      View Details
    • $800,000
      Pending

      Established Assisted Living Facility

      Operating assisted living facility with growth potential in Kittanning, PA.
      111 Altmeyer Dr, Kittanning, PA 16201
      View Details
    • $95,000
      0.41 Acres

      Kittanning Commercial Lot - Prime Location

      Half-acre lot, ideal for business development.
      422 Rte, Kittanning, PA 16201
      View Details
    • $218,000
      2,240 SF

      Route 422 Commercial Property

      High-visibility commercial property on Route 422 with secure outdoor storage.
      12412 Us Route 422, Kittanning, PA 16201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,200 SF

      Retail Space in Franklin Village

      Retail space for lease in busy shopping center.
      1-31 Franklin Village Mall, Kittanning, PA 16201
      View Details
    • Contact for pricing
      1,470 SF

      Retail Space in Kittanning Plaza

      Retail space available in multi-tenant shopping center.
      2 Hilltop Plz, Kittanning, PA 16201
      View Details
    • Contact for pricing

      Retail Space in Franklin Village

      Retail space for lease in a busy shopping center.
      1 Franklin Village Mall, Kittanning, PA 16201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    101564 Home Sfr Little Rock Ar
    Kittanning, PA 16201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    101564 Home Sfr Little Rock Ar, Kittanning, PA, 16201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!