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    201 E Main St Heber Springs, AR 72543

    For Sale
    $724,900

    Apartments, Traditional - Heber Springs, AR

    Property size:
    7,054 SF
    Lot size:
    0.46 Acres
    Days on Market:
    60
    Last Refresh:
    Dec 5 at 12:06 am

    Property Features for 201 E Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-1
    Parking features
    None
    Size
    7,054 SF
    Lot size
    0.46 Acres

    Building Details

    Year built
    1882
    Floors in Building
    2
    Number of units
    15
    Flooring type
    Wood
    Building materials
    Brick, Other, See Remarks
    Roof type
    Metal
    Architectural style
    New Traditional

    Arkansas Vacation Rental Property Mgmt (501) 315-6963

    Listing agent Jeff Lutz (501) 315-6963

    Listing date Oct 7, 2025

    MLS# 25029309 Listing URL

    Copyright © 2025 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Historic Inn with Apartments

    The Cartwright, originally built as an inn in 1882, underwent a complete renovation in 2023. The property features 15 furnished studio apartments. The upstairs units share a kitchenette. A working restaurant and a lounge are located within the building, along with an office space that could be rented for additional income. Onsite coin-operated laundry facilities contribute to the revenue. The 7,054 square foot building, situated on a 0.46-acre lot, could be converted back into a hotel. The property also includes a transferable liquor license. The zoning is C-1. Located in Heber Springs, Arkansas, the property is positioned in a dry county, enhancing the value of the liquor license.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ASK Apparel Boutique Heber Historic Inn Apartment Building Soap Tub Hot Tub Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Heber Springs
    County
    Cleburne
    State
    Arkansas
    Longitude
    -92.027544
    Latitude
    35.491067

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    FAQs

    What type of property is this?
    Apartment building - Renovated 1882 inn with 15 apartments, restaurant, and liquor license.
    Where is this apartment building located?
    The property is located at 201 E Main St Heber Springs, AR.
    What is the asking price?
    The asking price for this property is $724,900.
    What are key features of this property?
    This property features: - Transferrable liquor license in a dry county.; - Renovated in 2023.; - Potential for multiple revenue streams (apartments, restaurant, lounge, office, laundry).
    (501) 315-6963
    Request Owner's contact information
    201 E Main St Heber Springs, AR 72543
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    Heber Springs, AR 72543
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    201 E Main St Heber Springs, AR 72543
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