Renovated Apartment Building with New
For Sale
$1,999,999
100-107 CALLI Lane, Hot Springs, AR 71913
MULTI-FAMILY, Traditional, Hot Springs, AR
Property Size17,097 SF
Price / SF$116.98
Days on Market124
Property Features for 100-107 CALLI Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
40
Rooms
Bedroom 38, Bedroom 33, Bedroom 21, Bedroom 29, Bedroom 18, Bedroom 13, Bedroom 10, Bedroom 24, Bedroom 25, Bedroom 34, Bedroom 39, Bedroom 7, Bedroom 2, Bedroom 3, Bedroom 28, Bedroom 31, Bedroom 5, Bedroom 12, Bedroom 11, Bedroom 16, Bedroom 35, Bedroom 20, Bedroom 26, Bedroom 17, Bedroom 1, Bedroom 15, Bedroom 40, Bedroom 4, Bedroom 19, Bedroom 8, Bedroom 14, Bedroom 6, Bedroom 23, Bedroom 22, Bedroom 36, Bedroom 37, Bedroom 32, Bedroom 27, Bedroom 30, Bedroom 9
Interior features
Dryer Connection-Electric, Hot Water Heater-Electric, Smoke Detector, Washer Connection, Fan-Ceiling
Exterior features
Partially Fenced, Guttering, Storage Building
Fencing
Partial
Appliances
Disposal, Dishwasher, Electric Range, Free-Standing Stove, Refrigerator Stays, Disposal, Dishwasher, Electric Range, Free-Standing Stove, Refrigerator Stays
Lot features
Not in Subdivision
Elementary school district
Hot Springs
Middle school district
Hot Springs
High school district
Hot Springs
Directions
From Central Ave., turn on Buena Vista, right on Aberina Street and left onto Calli Lane
Subdivision
HOT SPRINGS
Standard status
Active
Size
17,097 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
see legal description in online docs
Tax Annual Amount
12000
Legal Description
see legal description in online docs
Building Details
Year built
2001
Floors in Building
1
Number of units
7
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
ESQ. Realty Group
(501) 255-0509
Listed By:
J. J. Tucker · License #SA00081227
(501) 940-1381
Added: Apr 24
Changed: Aug 19
Last Checked: Aug 25 at 12:06AM
MLS# 155185
Copyright © 2026 Hot Springs Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated apartment building features 7 well-maintained units. The layout includes (6) 3BR/2BA duplexes and (1) 2BR/2BA duplex with a garage. Tenants pay all utilities.
The property was built in 2001 and has shingle roofing. All 7 units received upgrades including new appliances, new central heat/air, new floors, and new fixtures, along with new roofs installed in 2023.
Exterior features include partial fencing, guttering, and a storage building. Interior features include electric washer and dryer connections, electric hot water, smoke detectors, and fan-ceiling.
The property was built in 2001 and has shingle roofing. All 7 units received upgrades including new appliances, new central heat/air, new floors, and new fixtures, along with new roofs installed in 2023.
Exterior features include partial fencing, guttering, and a storage building. Interior features include electric washer and dryer connections, electric hot water, smoke detectors, and fan-ceiling.
Key Highlights
- 7 renovated and well‑maintained units in an apartment building
- 100% occupied; tenants pay all utilities
- Unit mix: (6) 3BR/2BA duplexes and (1) 2BR/2BA duplex with garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$105,506
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,110,120
$2.1M
Cap Rate 7%
$1,507,229
$1.5M
Cap Rate 9%
$1,172,289
$1.2M
Market Conditions
NOI Build-Up for 17,097 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$205.2K $12.00/SF
− Vacancy
−$13.3K −$0.78/SF
EGI
$191.8K $11.22/SF
− OpEx
−$86.3K −$5.05/SF
NOI
$105.5K $6.17/SF
Area
Garland County, AR
Vacancy
6.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,110,120
Cap Rate 7%
$1,507,229
Cap Rate 9%
$1,172,289
Alternative Uses
Best Use
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,506 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.13M
$2.74M – $3.65M
NOI $218,869 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
Explore this area
Business Placement
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven-unit apartment building with 2023 new roofs and central heat/air, all units occupied.
Where is this apartment building located?
The property is located at 100-107 CALLI Lane Hot Springs, AR.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 7 renovated and well‑maintained units in an apartment building; 100% occupied; tenants pay all utilities; Unit mix: (6) 3BR/2BA duplexes and (1) 2BR/2BA duplex with garage
