For Sale
$999,000

900 3Rd StLittle Rock, AR 72201

15-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 15-unit apartment building, located at 900 W 3rd Street in Little Rock, Arkansas, presents a compelling investment opportunity. The property boasts 10,344 square feet on a premium 0.32-acre corner lot at the intersection of W 3rd Street and S Izard Street, placing it in the heart of the Central Business District. Built in 1926, this two-story building features a mix of 14 one-bedroom/one-bathroom units and one two-bedroom/one-bathroom unit, offering immediate potential for renovation and leasing. The property includes a dedicated parking lot with 20 surface spaces, providing ample parking for residents (1.52 spaces per unit). Its prime location offers convenient proximity to downtown restaurants, shops, and major employers, including being less than a half-mile walk from the Arkansas State Capitol. The property is zoned UU and potentially qualifies for Historic Tax Credits, presenting further investment advantages. The asking price is $999,000, or $66,600 per unit, with a price per square foot of $96.58. This represents a strong value proposition in a thriving urban core. This is a rare opportunity to acquire a well-situated multifamily property with significant upside potential.

Highlights

  • Value-add opportunity with immediate renovation and leasing potential.
  • 15 units total: 14 one-bedroom/one-bathroom, and 1 two-bedroom/one-bathroom.
  • Prime corner location at W 3rd & S Izard Streets in Little Rock's Central Business District.
  • Ample parking: 20 surface spaces (1.52 spaces per unit).
  • Eligible for Historic Tax Credits.
  • Less than a half-mile from the Arkansas State Capitol.

Property Details for 900 3Rd St

Property type
Apartment buildings
Square Feet
10,344 SF
Year Built
1926
Buildings
1
Stories
2
Lot Size (sq. ft)
13,939 SF
Units
15

Location Insight

City
Little Rock
County
Pulaski
State
Arkansas
Latitude
34.747494785798
Longitude
-92.28052718234
900 3Rd St, Little Rock, Arkansas

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900 3Rd St
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