31-Unit Apartment Building with
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 Market83
Property Features for 125 OAK Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
65
Rooms
Bedroom 58, Bedroom 1, Bedroom 40, Bedroom 12, Bedroom 24, Bedroom 32, Bedroom 9, Bedroom 39, Bedroom 25, Bedroom 41, Bedroom 52, Bedroom 13, Bedroom 4, Bedroom 31, Bedroom 19, Bedroom 35, Bedroom 38, Bedroom 27, Bedroom 47, Bedroom 18, Bedroom 64, Bedroom 6, Bedroom 14, Bedroom 30, Bedroom 34, Bedroom 60, Bedroom 53, Bedroom 36, Bedroom 37, Bedroom 48, Bedroom 51, Bedroom 16, Bedroom 57, Bedroom 61, Bedroom 21, Bedroom 46, Bedroom 54, Bedroom 65, Bedroom 10, Bedroom 15, Bedroom 43, Bedroom 56, Bedroom 20, Bedroom 33, Bedroom 42, Bedroom 11, Bedroom 17, Bedroom 59, Bedroom 63, Bedroom 45, Bedroom 8, Bedroom 23, Bedroom 29, Bedroom 28, Bedroom 44, Bedroom 49, Bedroom 55, Bedroom 5, Bedroom 7, Bedroom 2, Bedroom 62, Bedroom 50, Bedroom 22, Bedroom 26, Bedroom 3
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
Amenities
common coin laundry room
in unit laundry option
venue rental
party rooms
Building Details
Year built
1913
Floors in Building
4
Flooring type
Carpet - Partial, Wood, Vinyl, Tile
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
Changed: Sep 13
Last Checked: Sep 14 at 6:06PM
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 64,710-square-foot apartment property contains 31 units, including five 1-bedroom, 18 2-bedroom, and eight 3-bedroom apartments. The building dates to 1913 and underwent a major remodel when it returned to service approximately 2005, followed by ongoing maintenance. Interior features include balconies or lofts, marble, tile, vinyl, partial carpet, appliances, and accessible design elements. A common coin laundry room is available, with in-unit laundry also provided as an option. The property includes an elevator, fully sprinklered fire suppression, security cameras, and an accessible approach with ramp.
Located at 125 Oak Street in Hot Springs, Arkansas, the property also offers venue rental and party rooms. Electric service is metered separately, and the building includes more than 10,000ft2/929m2 of underutilized space identified for potential additional rental units. The roof is 2-3 years old, and the HVAC systems are 2 years old. The property is historically contributing but not restricted.
Located at 125 Oak Street in Hot Springs, Arkansas, the property also offers venue rental and party rooms. Electric service is metered separately, and the building includes more than 10,000ft2/929m2 of underutilized space identified for potential additional rental units. The roof is 2-3 years old, and the HVAC systems are 2 years old. The property is historically contributing but not restricted.
Key Highlights
- 31 total apartments: 1br‑5, 2br‑18, 3br‑8
- 64,710 square feet on a 1913 building
- More than +10,000ft2/929m2 of underutilized space
Property Analytics
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Current Use
Lease Details
31
Residential units
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily building with elevator, fire suppression, ADA accessibility, and separately metered electric service.
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: 31 total apartments: 1br‑5, 2br‑18, 3br‑8; 64,710 square feet on a 1913 building; More than +10,000ft2/929m2 of underutilized space
