Unique and charming Hillcrest apartment building with tons of potential for upgrades or possible conversion back to single family residence. Six apartments in main building, plus huge attic, and separate detached studio apartment. Home is on two lots on the corner of Ridgeway and Lee Avenue. All utilities are on separate meters except water. Units are all now vacant and ready for new owner. Property to be sold in "AS IS" condition. Most recent rents between $400 & $800 per unit.
Type
Apartments
CARMLS #10379355
Jul 9, 2014
Listing Removed
—
Mar 5, 2014
Listed
$549,000
$85/sq ft
CARMLS #10356160
Dec 9, 2013
Listing Removed
—
Jul 8, 2013
Listed
$500,000
$77/sq ft
Public Records
Jun 4, 2003
Sold
$320,000
$49/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$16,961
$65,000 + $177,297
$242,297
2024
$16,961
$65,000 + $177,297
$242,297
2023
$16,961
$65,000 + $177,297
$242,297
2022
$16,961 (+231.9%)
$65,000 + $177,297
$242,297
2021
$5,111 (+0.7%)
$65,000 + $177,297
$242,297
2020
$5,074
$45,000 + $27,490
$72,490
2019
$5,074
$45,000 + $27,490
$72,490
2018
$5,074
$45,000 + $27,490
$72,490
Tax history for 501 Ridgeway Dr
Year
Property tax
Land + Additions
Assessment*
2025
$16,961
$65,000 + $177,297
$242,297
2024
$16,961
$65,000 + $177,297
$242,297
2023
$16,961
$65,000 + $177,297
$242,297
2022
$16,961 (+231.9%)
$65,000 + $177,297
$242,297
2021
$5,111 (+0.7%)
$65,000 + $177,297
$242,297
2020
$5,074
$45,000 + $27,490
$72,490
2019
$5,074
$45,000 + $27,490
$72,490
2018
$5,074
$45,000 + $27,490
$72,490
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R4
HILLCREST
Two-Family District
Two-family dwellings are an established development type in the city. Such areas are deserving of protection in the form of reasonable standards which will maintain and encourage duplex development at appropriate locations. The purpose of the R-4 district is two-fold: To provide areas for the development of two-family residential structures in spacious surroundings, and to facilitate the conversion of one-family residences to two-family use in established developed areas. This section applies to such district. It is the intent of this chapter that the R-4 district be located in both developed and undeveloped areas of the city where an environment suitable for moderate-density residential [use] can be provided and in established medium-density residential areas where conversions may facilitate their continuation as desirable residential areas. Within the R-4 district, all buildings, structures or uses having commercial characteristics shall be excluded, whether operated for profit or otherwise. Accessory uses, conditional uses and home occupations specifically provided for in this chapter, however, shall be allowed provided they do not have objectionable characteristics and provided further that they otherwise conform to the provisions of this chapter.
Zone overlays
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Property details
Interior
Bathroom Information
# of Full Baths: 4
# of 1/2 Baths: 1
Heating & Cooling
Air Conditioning Type: Central
Heating Type: Central
Fireplace Information
# of Fireplaces: 3
Fireplace Type: 2 Story 2 Openings
Has Fireplace
Exterior
Exterior Information
Floor Construction Type: Steel-Flat-Slab
Foundation Type: Slab
Exterior Wall: Frame Brick
Roof Framing Type: Wood
Roof Shape Type: Gable
Property Information
Subdivision Name: AUTEN & MOSS
Living Sq. Ft: 6,492
Ground Floor Sq. Ft: 2,717
Building Sq. Ft: 6,492
# of Stories: 2
Stories Type: 2
Legal Description: LOT 10R BLK 3 BEING A REPLAT OF LOTS 10 & 11 BLK 3 32 2N 12W
Lot Information
# of Buildings: 1
Land Sq. Ft: 17,424
Legal Lot Number: 10R
Legal Block Number: 3
Acres: 0.4
State Use Description: SINGLE FAMILY
Financial
Assessor Information
Assessment Year: 2025
Tax Area: LITTLE ROCK
Public facts
Beds: —
Baths: 4.5
Sq. Ft.: 6,492
Stories: 2.0
Lot Size: 0.4 acres
Style: Single Family Residential
Year Built: 1915
Year Renovated: —
County: Pulaski County
APN: 33L0710003500
Home facts updated by county records on Jul 13, 2026
Around this home
Schools
Pulaski Heights Elementary School
Public K-5 • Assigned • 0.2mi
6/10
Pulaski Heights Middle School
Public 6-8 • Assigned • 0.2mi
6/10
Central High School
Public 9-12 • Assigned • 1.5mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 110° expected this year, 18 days in 30 years
4/10 Wind Factor
10% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Little Rock, AR • 72205
Average low and high temperatures (°F)
48
31
58
39
72
51
77
58
79
63
89
73
94
77
90
72
84
68
78
58
66
50
54
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 11.3 hours in
June and 5.2 hours in December, placing it above the
U.S. average for solar exposure.
11.3 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
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