616 N Cedar St | Little Rock, AR 72205
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616 N Cedar St
Little Rock, AR 72205
Multifamily Property For Sale · 4 Units
Investment Highlights
- Multifamily Fourplex Value-Add Opportunity – Little Rock, AR
- Strong Location Adjacent to Downtown Little Rock – State Capital
- 5 Minutes to Downtown Little Rock – River Market District, Museum of Discovery, Arkansas Arts Center, Bill and Hillary Clinton National Airport
- Below Market Rents – Opportunity to Increase NOI Immediately
- Most Populous MSA in the State – 748,000 Residents – Notable Employers include Walmart, Dillard’s, and the University of Arkansas for Medical Sciences
- Property includes a 4-Car Garage On-Site & Delivered Free & Clear of Any Debt – Bids Encouraged
Executive Summary
Charter Realty, in conjunction with RealINSIGHT Marketplace, is pleased to announce the opportunity to acquire this value-add multifamily fourplex with below market rents and close proximity to downtown Little Rock, Arkansas. Little Rock, Arkansas, is a rapidly growing market with strong potential for commercial real estate investment, driven by economic stability, affordable real estate, and a strategic focus on development. The city's combination of population growth, business-friendly policies, and infrastructure improvements positions it as a prime location for investment.
The multifamily market in Little Rock has seen strong demand, driven by population growth and a high rate of renter-occupied households. Vacancy rates for multifamily units were around 4.5% in 2023, reflecting healthy demand in this sector, especially in downtown and suburban areas. Moreover, Little Rock’s population grew by 3% over the past five years, reaching an estimated 2024 population of 203,000. The surrounding metropolitan area has over 750,000 residents, expanding the market for businesses and services.
https://rimarketplace.com/auction/2296/value-add-multifamily-little-rock-ar
The multifamily market in Little Rock has seen strong demand, driven by population growth and a high rate of renter-occupied households. Vacancy rates for multifamily units were around 4.5% in 2023, reflecting healthy demand in this sector, especially in downtown and suburban areas. Moreover, Little Rock’s population grew by 3% over the past five years, reaching an estimated 2024 population of 203,000. The surrounding metropolitan area has over 750,000 residents, expanding the market for businesses and services.
https://rimarketplace.com/auction/2296/value-add-multifamily-little-rock-ar
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.15 AC |
| Sale Conditions | Auction Sale | Building Size | 5,863 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1925 |
| Building Class | C |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,863 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1925 |
PROPERTY TAXES
| Parcel Number | 33L-049-00-052-00 | Improvements Assessment | $237,269 CAD |
| Land Assessment | $24,290 CAD | Total Assessment | $261,559 CAD |
PROPERTY TAXES
Parcel Number
33L-049-00-052-00
Land Assessment
$24,290 CAD
Improvements Assessment
$237,269 CAD
Total Assessment
$261,559 CAD
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