Property profile

1310 Louisianna St Little Rock, AR 72202

FOR SALE
Apartment buildings
Property ID
US05-2309451
7,424 SF 0.24 ac lot Built 1962
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Property summary

AI-generated overview

This exceptional multifamily investment opportunity encompasses a portfolio of three apartment buildings totaling 50 units, strategically located in Little Rock's vibrant SoMa district. The portfolio includes three buildings situated on three separate parcels totaling between 0.24 and 0.51 acres. One building, located at 415 W 18th St, underwent a complete renovation in 2018, boasting approximately 10,000 square feet and 18 units. The other two buildings, situated at 1310 and 1312 S Louisiana St, offer significant value-add potential, with one built in 1962 (approximately 7,424 square feet, 12 units) and the other in 1972 (approximately 9,584 square feet, 20 units). The entire portfolio presents a rare chance to acquire a substantial multifamily asset in a prime location near the Governor's Mansion District, within walking distance of Little Rock's best restaurants and entertainment venues, including the recently remodeled Arkansas Museum of Fine Arts. The SoMa neighborhood is known for its lively atmosphere, featuring a weekly farmers' market, a monthly vintage market, and various special events and festivals. The buildings are five stories (total) and were originally constructed between 1962 and 1972. The asking price for this exceptional portfolio is $3,200,000. This is a unique opportunity to capitalize on the growth and potential of Little Rock's thriving SoMa neighborhood.

Property profile

Verified
Property type Apartment buildings
Year built 1962
Total area 7,424 SF
Lot 0.24 ac (10,454 SF)
UPID US05-2309451

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1310 Louisianna St Little Rock, AR 72202
Little Rock metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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