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    OFF-MARKET
    Commercial real estate

    823 North St, Little Rock, AR 72201

    6,092 SF 0.09 ac lot Built 1918
    Property ID
    US05-0404302
    Property summary
    AI-generated overview

    This exceptional 7-unit apartment building presents a compelling investment opportunity in the heart of Little Rock, Arkansas. Located at 823 North Street, this three-story, 6,092 square foot building boasts a desirable mix of unit sizes: three one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units. Three units are fully furnished, offering immediate potential for short-term rentals. The building's Victorian architectural style adds to its unique charm, while its location provides unparalleled convenience. Situated less than a mile from the Arkansas State Capitol, this property enjoys proximity to downtown restaurants, shops, and major employers. The 0.09-acre lot is zoned UU. Built in 1918, the building offers a blend of historical character and modern investment potential. Individual unit sizes range from 600 square feet to 1500 square feet. The asking price is $840,000, representing a price per unit of $120,000 and a price per square foot of $137.89. A detailed rent roll and operating statement are available upon request. This property is an ideal investment for those seeking a strong return in a thriving urban setting. Don't miss this chance to acquire a piece of Little Rock's rich history and vibrant future.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1918
    Total area 6,092 SF
    Lot 0.09 ac (3,920 SF)
    UPID US05-0404302
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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