About This Home

This 21-bedroom, 12-bathroom residential multi family at 11223 Morningside Drive in Shannon Hills, AR is listed for $1,400,000 ($150 per sqft). Built in 1972, the home offers 9,323 sqft of living space on a 0.35 acres lot.

Key Features

  • Built in 1972
  • 0.35 acre lot

Property Details

1 story
12 full
1972
Listing Description

Turnkey investment opportunity featuring eight occupied single-family rental homes offered as one package: 11223 Morningside Dr., Mabelvale-3 BR, 1.5 BA, 1,344 SF; 10025 Wilderness Rd.-3 BR, 2 BA, 1,547 SF; 6804 Fairfield Dr.-3 BR, 1 BA, 1,142 SF; 10 Portsmouth Dr.-2 BR, 1.5 BA, 900 SF; 4121 Arapaho Trl.-2 BR, 1.5 BA, 1,444 SF; 7500 Redwood Dr.-3 BR, 1 BA, 884 SF; 3601 Lilac Ter.-3 BR, 1 BA, 988 SF; and 14819 Arch St.-2 BR, 1 BA, 1,074 SF.

All properties except Morningside are in Little Rock. The portfolio totals 21 bedrooms, 10.5 bathrooms and approximately 9,323 SF. Seller reports potential for future income growth as leases renew, subject to lease terms, required notices, housing-assistance guidelines and applicable law.

Four homes participate in housing-assistance programs. Professionally managed. Several homes were renovated in 2017, 2022 or 2023, with approximately $139,000 in reported repairs and improvements. Several long-term tentants/leases extend into 2027, providing established income from day one. No reported HOA/POA fees or owner-paid monthly utilities. Package sale only; seller will not divide. Do not disturb tenants. Buyer to verify all information.

Monthly Cost Estimate

$7,487/mo

20% down · 6.5% · 30 years

Principal$1,012
Interest$6,067
Insurance$408

Estimates only. Actual payments may vary.

Location

11223 Morningside Drive

Shannon Hills, AR 72103

Hollywood Heights

Features & Amenities

Interior Features

Washer ConnectionDryer Connection-GasDryer Connection-ElectricHot Water Heater-GasHot Water Heater-ElectricSmoke DetectorCloset - Walk In

Exterior Features

Fully FencedPartially FencedStorage BuildingGutteringPatioCoveredPorch

Property Details

Flooring

VinylTile

Outdoor Features

PatioPorch

Parking

GarageCarport

Appliances

Built-In StoveFree-Standing StoveMicrowaveGas RangeElectric RangeDishwasherDisposalPantryRefrigerator-StaysBuilt-In StoveFree-Standing StoveMicrowaveGas RangeElectric RangeDishwasherDisposalPantryRefrigerator-Stays

Questions & Answers

This 21-bedroom, 12-bathroom residential multi family at 11223 Morningside Drive is listed at $1,400,000 ($150/sqft). The estimated monthly payment is $7,487 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1972, 0.35 acre lot. Interior Features: Washer Connection, Dryer Connection-Gas, Dryer Connection-Electric. Exterior Features: Fully Fenced, Partially Fenced, Storage Building.

This property is listed by Madison Ralph.

MR

Madison Ralph

Agent at LPT Realty LLC

Listed by LPT Realty LLC · Broker phone: 3214868644 · View on Broker Site · Broker website

MLS# 26036726· Source: Cooperative Arkansas Realtors Multiple Listing Service· 48 days on PropertySimple

Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

11223 Morningside Drive, Shannon Hills, AR 72103

Open this listing in: