Hot Springs Apartment
125 OAK Street, Hot Springs, AR 71901
- Added:
- May 15, 2026
- Days on Market:
- 8
- Last Refresh:
- May 22 at 5:06 am
Property Features for 125 OAK Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement, Kitchen
- 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
- Basement Y/N
- 1
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Dishwasher, Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 64,710 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 18304
Utilities
- Utilities
- Electricity Available, Water Available
- Heating system
- Central, Electric (Heating), Zoned (Heating)
- Cooling system
- Multi Units, Zoned
Building Details
- Year built
- 1913
- Floors in Building
- 4
- Flooring type
- Carpet, Carpet - Partial, Tile, Vinyl, Wood
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- Other
Listing agent Chris Rix License #00059757 (501) 205-1900
Listing office Rix Realty - Advantage Team Realtors 1010 Central Ave, Hot Springs, AR (501) 205-1900
Listing date May 15, 2026
MLS# 155515
Listing URL
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.
HighLights
- High Net Operating Income (NOI) of $341,684 with potential to exceed $500,000+ in gross income.
- Significant potential to increase revenue by adding +10,000ft²/929m² of additional rental units.
- Well‑maintained building with recent updates including a relatively new roof (2‑3 years) and HVAC systems (2 years).
- Fully equipped with desirable amenities such as an elevator, ADA accessibility, and a fire suppression system.
- Diverse unit mix (1BR, 2BR, and 3BR apartments) plus additional venue rental & party rooms.
- Strong income streams from various sources including rent, storage, tenant utility contributions, laundry, event space rental, pet deposits/rent, and short‑term rentals (STR).
Overview
This well-maintained apartment building in Hot Springs, AR, presents a strong investment opportunity. The property features 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. Electric is metered separately for each unit. The building was initially remodeled around 2005 and has been consistently maintained since. It comprises 31 apartments: 5 one-bedroom, 18 two-bedroom, and 8 three-bedroom units, along with additional venue rental and party rooms. The property also has +10,000ft²/929m² of underutilized space with the potential to add additional rental units. The roof is 2-3 years old, and the HVAC systems are 2 years old. The building is historically contributing but not restricted. Yearly expenses include $16,116 for electric, $6299 for internet and office phone (including Air BnB and one tenant), $16,274 for water, sewer, and trash, $18,304 for taxes, $42,840 for insurance, $5831 for elevator maintenance, inspection, permit and emergency phone, $3617 for cameras and security, $1834 for fire monitoring and service contract, $470 for city business and STR permits, and $2024 for pest and termite control, totaling $113,609. The income is $455,293, including rent, storage, tenant utility contribution, laundry, event space rental, non-refundable pet deposit, pet rent, STR, and application fees. The NOI is $341,684 with a 10% vacancy rate and an 11% cap rate. The income reflects some downtime in late 2025 for remodel post long term contract. Gross income of $500k+ is reasonable without adding additional units. The property is owner-operated and leases are on file. The building has a tranquil setting with excellent views in all directions.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Hot Springs High ...
Apartment Building
Racing Crows
Advertising Agency
Hot Springs Junior ...
High School
Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -93.0536551
- Latitude
- 34.5056895
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained apartment building with income-generating potential in Hot Springs.
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+ in gross income.; Significant potential to increase revenue by adding +10,000ft²/929m² of additional rental units.; Well‑maintained building with recent updates including a relatively new roof (2‑3 years) and HVAC systems (2 years).
