Hot Springs Multifamily Investment
For Sale
$2,945,000
125 OAK Street, Hot Springs, AR 71901
MULTI_FAMILY - Hot Springs, AR
Property Size64,710 SF
Price / SF$45.51
Days on Market37
Property Features for 125 OAK Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
65
Rooms
Bedroom 27, Bedroom 4, Bedroom 33, Bedroom 43, Bedroom 51, Bedroom 35, Bedroom 22, Bedroom 54, Bedroom 36, Bedroom 60, Bedroom 55, Bedroom 19, Bedroom 1, Bedroom 5, Bedroom 21, Bedroom 2, Bedroom 28, Bedroom 49, Bedroom 16, Bedroom 44, Bedroom 32, Bedroom 29, Bedroom 18, Bedroom 7, Bedroom 41, Bedroom 34, Bedroom 38, Bedroom 56, Bedroom 10, Bedroom 48, Bedroom 15, Bedroom 57, Bedroom 26, Bedroom 39, Bedroom 62, Bedroom 20, Bedroom 17, Bedroom 14, Bedroom 12, Bedroom 63, Bedroom 37, Bedroom 6, Bedroom 25, Bedroom 8, Bedroom 23, Bedroom 61, Bedroom 24, Bedroom 65, Bedroom 50, Bedroom 42, Bedroom 46, Bedroom 3, Bedroom 64, Bedroom 52, Bedroom 30, Bedroom 9, Bedroom 11, Bedroom 47, Bedroom 45, Bedroom 58, Bedroom 31, Bedroom 59, Bedroom 13, Bedroom 40, Bedroom 53
Security features
Security System
Patio and Porch features
Porch
Interior features
Breakfast Bar, Dryer Connection-Electric, Dryer Stays, Hot Water Heater-Electric, Smoke Detector, Washer Connection, Washer-Stays, Security System, Balcony/Loft, Fan-Ceiling, Handicap Design, Marble
Exterior features
Porch, Dumpster
Accessibility
Accessible Approach with Ramp
Appliances
Dishwasher, Electric Range, Free-Standing Stove, Refrigerator Stays, Dishwasher, Electric Range, Free-Standing Stove, Refrigerator Stays
Subdivision
HSR
Lot features
Corner Lot, In Subdivision, Level, Mountain View, Resort Property, Wooded
Elementary school district
Hot Springs
Middle school district
Hot Springs
High school district
Hot Springs
Directions
Central to Orange to Oak
Standard status
Active
Size
64,710 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
BLK 55 LOT 4 & PT CLOSED ST
Tax Annual Amount
18304
Legal Description
BLK 55 LOT 4 & PT CLOSED ST
Building Details
Year built
1913
Floors in Building
4
Flooring type
Carpet - Partial, Tile, Wood, Vinyl
Roof type
Flat
Listing Agency:
Rix Realty - Advantage Team Realtors
(501) 205-1900
Listed By:
Chris Rix · License #00059757
(501) 627-4075
Added: Jun 24
Last Checked: Jul 30 at 10:06PM
MLS# 155515
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 multifamily property in Hot Springs, Arkansas, presents a significant investment opportunity. The well-maintained building features a roof that is 2-3 years old and HVAC systems that are 2 years old. It is equipped with a fully sprinkled fire suppression system, an elevator, and ADA accessibility. A common coin laundry room is available, with the option for in-unit laundry. The electric is metered separately for each unit. The property includes 31 total apartments: 5 one-bedroom units, 18 two-bedroom units, and 8 three-bedroom units, along with additional venue rental and party rooms. There is an easily accessible +10,000ft2/929m2 of underutilized space that could be used to add additional rental units. The building underwent a major remodel around 2005 and has been continuously maintained since. The property is historically contributing but not restricted. The yearly expenses total $113,609, including costs for electric ($16,116), internet and office phone ($6299), water, sewer, and trash ($16,274), taxes ($18,304), insurance ($42,840), elevator maintenance ($5831), cameras/security ($3617), fire monitoring ($1834), city permits ($470), and pest control ($2024). The income is $455,293, including rent, storage, tenant utility contributions, laundry, event space rental, pet deposits, pet rent, short-term rentals, and application fees. The NOI is $341,684 with a 10% vacancy rate and an 11% cap rate. The income reflects downtime in late 2025 for remodeling post a long-term contract. Without adding additional units, realizing $500k+ in gross income is reasonable. The property size is 64,710 square feet. The building is located in a tranquil setting with excellent views in all directions. The property is owner-operated, and leases are on file.
Key Highlights
- High Net Operating Income (NOI) of $341,684 with potential to exceed $500,000+ gross income annually.
- Significant opportunity to increase revenue by adding +10,000 sq ft of rental units.
- Well‑maintained building with recent updates including a relatively new roof (2‑3 years) and HVAC systems (2 years).
Property Analytics
Property Profile
Current Use
Lease Details
31
Residential units
90%
Occupancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,665
Businesses Nearby
Explore this area
Business Placement
Demographics for 71901, AR
29,363
Population
14,952
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
88%
High-School Grad
101.9 sq mi
ZIP Area
288
Density / Sq Mi
$52,410
Median Household Income
$35,604
Median Earnings
$797
Median Rent
$173,400
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 - Well-maintained 31-unit apartment building with expansion potential.
Where is this apartment building located?
The property is located at 125 OAK Street Hot Springs, AR.
What is the asking price?
The asking price for this property is $2,945,000.
What are key features of this property?
This property features: High Net Operating Income (NOI) of $341,684 with potential to exceed $500,000+ gross income annually.; Significant opportunity to increase revenue by adding +10,000 sq ft of rental units.; Well‑maintained building with recent updates including a relatively new roof (2‑3 years) and HVAC systems (2 years).
