Renovated Single-Family Rental
For Sale
$585,000
410 404 406 408 Charteroak, Hot Springs, AR 71901
MULTI_FAMILY - Hot Springs, AR
Property Size5,147 SF
Price / SF$113.66
Days on Market14
Property Features for 410 404 406 408 Charteroak
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
11
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 8, Bedroom 11, Bathroom 1, Bathroom 5, Bedroom 3, Bedroom 5, Bedroom 10, Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 7, Bathroom 2, Bathroom 4, Bedroom 9, Bathroom 3
Parking features
Carport
Patio and Porch features
Porch
Interior features
Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric, Breakfast Bar
Exterior features
Partially Fenced, Guttering, Porch
Fencing
Partial
Appliances
Electric Range, Dishwasher, Disposal, Refrigerator-Stays, Electric Range, Dishwasher, Disposal, Refrigerator-Stays
Subdivision
Metes & Bounds
Lot features
Level
Elementary school
Hot Springs
Middle school
Hot Springs
High school
Hot Springs
Directions
North on Central Ave/7S turn right onto W. Belding to left on Charteroak, homes are on the left
Standard status
Active
Size
5,147 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
04-03S-19W, Unplatted HS
Tax Annual Amount
3832
Legal Description
04-03S-19W, Unplatted HS
Building Details
Year built
1950
Floors in Building
2
Number of units
4
Flooring type
Vinyl
Roof type
Metal, Shingle
Architectural style
Other
Listing Agency:
Meyers Realty Company
(501) 624-5622
Listed By:
Sarah Bentley
(501) 520-1505
Added: Jul 17
Changed: Jul 29
Last Checked: Jul 30 at 7:06PM
MLS# 26028994
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This turnkey package includes four fully renovated single-family homes. Each home has been renovated from top to bottom down to the studs, with modern finishes and a contemporary interior and exterior finish package. Reported improvements include new heating and air units, plumbing and electrical work, insulated windows and doors, and upgraded exterior features including gutters with gutter screens, along with new interior and exterior finishes throughout.
The homes are currently leased with long-term tenants in place. Reported unit mix includes Unit 1 as a 3/1, Unit 2 as a 3/1, Unit 3 as a 3/2, and Unit 4 as a 2/1, with tenants responsible for all utilities. The properties are located on Charteroak (410, 404, 406, and 408 Charteroak) in Hot Springs, Arkansas, near Central Ave/7S and within reach of downtown, Oaklawn Racing Casino Resort, shopping, dining, and local attractions. Unit-level rents are reported in the listing as $1,400 for Units 1 and 2, $1,400 for Unit 3, and $900 for Unit 4.
The homes are currently leased with long-term tenants in place. Reported unit mix includes Unit 1 as a 3/1, Unit 2 as a 3/1, Unit 3 as a 3/2, and Unit 4 as a 2/1, with tenants responsible for all utilities. The properties are located on Charteroak (410, 404, 406, and 408 Charteroak) in Hot Springs, Arkansas, near Central Ave/7S and within reach of downtown, Oaklawn Racing Casino Resort, shopping, dining, and local attractions. Unit-level rents are reported in the listing as $1,400 for Units 1 and 2, $1,400 for Unit 3, and $900 for Unit 4.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.8k | $12.00 |
| − Vacancy | −$4.0k | −$0.78 |
| EGI | $57.7k | $11.22 |
| − OpEx | −$26.0k | −$5.05 |
| NOI | $31.8k | $6.17 |
5,147 SF · lease $12.00/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$453.7K
$397.0K – $529.4K
NOI $31,762 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$941.3K
$823.6K – $1.10M
NOI $65,890 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,176
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Four fully renovated single-family homes are sold as a leased package, with tenants paying all utilities.
Where is this single family property located?
The property is located at 410 404 406 408 Charteroak Hot Springs, AR.
What is the asking price?
The asking price for this property is $585,000.
