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503 N Pine Street
Little Rock, AR 72205
Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- 7-unit apartment complex located at the northeast corner of Lee Avenue & N Pine Street
- Kroger and several local restaurants including US Pizza Co, Hill Station, and The Oyster Bar
- Excellent value-add opportunity with room to raise rent, finish interior upgrades, and update the exterior
- Located in the Historic Hillcrest Neighborhood which has some of the highest market rents in Central Arkansas and is near UAMS (over 10K employees)
- Across the street from Pulaski Heights Middle School
- Dedicated parking on site (rare feature in the Hillcrest Neighborhood)
EXECUTIVE SUMMARY
503 N Pine Street presents a compelling opportunity to acquire a well-located multifamily asset in the heart of the highly sought after Historic Hillcrest Neighborhood. Just minutes from major employment hubs such as UAMS—one of the largest employers in Little Rock with over 10,000 employees—and conveniently close to Kroger and other neighborhood amenities, this seven-unit property is ideally positioned for long-term growth.
With significant value-add potential, investors have the opportunity to enhance returns by renovating unit interiors, modernizing the building’s exterior, and aligning rents with current market rates. This is a rare chance to own a great asset in one of Little Rock’s most desirable and historic neighborhoods, with both immediate upside and long-term appreciation potential.
With significant value-add potential, investors have the opportunity to enhance returns by renovating unit interiors, modernizing the building’s exterior, and aligning rents with current market rates. This is a rare chance to own a great asset in one of Little Rock’s most desirable and historic neighborhoods, with both immediate upside and long-term appreciation potential.
PROPERTY FACTS
| Price Per Unit | $136,747 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.21% | Building Size | 3,392 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment |
| Price Per Unit | $136,747 CAD |
| Sale Type | Investment |
| Cap Rate | 4.21% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 3,392 SF |
| No. Stories | 2 |
| Year Built | 1967 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 424 |
| 2+1 | 5 | - | 508 |
PROPERTY TAXES
| Parcel Number | 33L-047-00-002-00 | Improvements Assessment | $132,088 CAD |
| Land Assessment | $26,853 CAD | Total Assessment | $158,942 CAD |
PROPERTY TAXES
Parcel Number
33L-047-00-002-00
Land Assessment
$26,853 CAD
Improvements Assessment
$132,088 CAD
Total Assessment
$158,942 CAD
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