823 North St, Little Rock, AR 72201
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.
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
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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.