Property profile

418 E 15Th St Little Rock, AR 72202

FOR SALE
Apartment buildings
Property ID
US05-2325627
3,768 SF 0.21 ac lot Built 1956
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Apartment buildings
Year built 1956
Total area 3,768 SF
Lot 0.21 ac (9,148 SF)
UPID US05-2325627

Cap rate & NOI

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

Location

418 E 15Th 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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