418 15Th St Little Rock, AR 72202
This exceptional investment opportunity presents a meticulously renovated, two-story apartment building situated on a 0.21-acre corner lot in Little Rock's vibrant SoMa neighborhood. Built in 1956 and completely renovated in 2023, this 3,768 square foot property boasts six units, offering a compelling blend of short-term and traditional rental options. Two units are fully furnished and equipped for short-term rentals, with all furniture included in the sale, while the remaining four units are designed for traditional long-term leases. The property features hardwood flooring throughout, brand new HVAC systems ensuring year-round comfort, and electric heating and cooling for efficient operation. Four dedicated parking spaces provide ample convenience for residents. The asking price is $999,900, translating to $265.37 per square foot and $166,650 per unit. This prime location offers easy access to the area's amenities and attractions, making it an ideal investment for both seasoned and aspiring real estate investors. The building's historic charm combined with its modern updates creates a highly desirable rental property in a sought-after urban setting. Don't miss this chance to acquire a profitable and well-maintained multifamily complex in a thriving Little Rock neighborhood.
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.