Furnished Renovated
For Sale
$445,000
500 BURCHWOOD BAY Road, Hot Springs, AR 71913
MULTI-FAMILY, Hot Springs, AR
Property Size2,468 SF
Lot Size0.40 Acres
Price / SF$180.31
Days on Market76
Property Features for 500 BURCHWOOD BAY Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 4, Bathroom 1
Interior features
Dryer Stays, Washer-Stays, Fan-Ceiling, Furnished
Exterior features
Gazebo
Appliances
Dishwasher, Free-Standing Stove, Refrigerator Stays, Dishwasher, Free-Standing Stove, Refrigerator Stays
Subdivision
Lackeys 1St Lf
Elementary school district
Hot Springs
Middle school district
Hot Springs
High school district
Hot Springs
Directions
From Central Ave., turn on Burchwood Bay Rd. to property on right (nearly across the street from Sam's Pizza)
Standard status
Active
Size
2,468 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Description
Lot 8 & Pt. Lot 9, Lackeys Lake Front #2, Garland County, AR
Tax Annual Amount
1500
Legal Description
Lot 8 & Pt. Lot 9, Lackeys Lake Front #2, Garland County, AR
Building Details
Year built
1960
Number of units
4
Roof type
Shingle
Additional Structures
Gazebo
Listing Agency:
ESQ. Realty Group
(501) 255-0509
Listed By:
Beau Durbin · License #PB00055248
(501) 609-6493
Added: Jul 1
Changed: Sep 12
Last Checked: Sep 14 at 5:06AM
MLS# 155547
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 2,468-square-foot quadplex on a 0.4-acre lot contains four furnished units with renovated and updated interiors. The configuration includes one two-bedroom, one-bath unit, one one-bedroom, one-bath unit, and two efficiency units. Washer and dryer appliances, refrigerators, dishwashers, and free-standing stoves remain with the property, which also includes a gazebo.
Each unit has a separate short-term rental license. One unit is occupied by a long-term tenant, while the other units can be used for short-term, mid-term, or traditional rentals. Built in 1960, the property is located across from Sam's Pizza and within eyeshot of Lake Hamilton in Hot Springs, Arkansas.
Each unit has a separate short-term rental license. One unit is occupied by a long-term tenant, while the other units can be used for short-term, mid-term, or traditional rentals. Built in 1960, the property is located across from Sam's Pizza and within eyeshot of Lake Hamilton in Hot Springs, Arkansas.
Key Highlights
- Four‑unit configuration: 2BR/1BA, 1BR/1BA, and two efficiency units
- 2,468 square feet on 0.4 acres
- Each unit has a separate short‑term rental license
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,300
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$326,000
$326.0K
Cap Rate 7%
$232,857
$232.9K
Cap Rate 9%
$181,111
$181.1K
Market Conditions
NOI Build-Up for 2,468 SF
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.
Gross rent
$25.2K $10.20/SF
− Vacancy
−$1.9K −$0.77/SF
EGI
$23.3K $9.44/SF
− OpEx
−$7.0K −$2.83/SF
NOI
$16.3K $6.60/SF
Area
Garland County, AR
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$326,000
Cap Rate 7%
$232,857
Cap Rate 9%
$181,111
Alternative Uses
Best Use
Multifamily LT 5
$232.9K
$203.8K – $271.7K
NOI $16,300 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$217.6K
$190.4K – $253.8K
NOI $15,230 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$451.3K
$394.9K – $526.6K
NOI $31,594 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Explore this area
Business Placement
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Quadplex - Four furnished units with separate short-term rental licenses and flexible leasing options.
Where is this quadplex located?
The property is located at 500 BURCHWOOD BAY Road Hot Springs, AR.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Four‑unit configuration: 2BR/1BA, 1BR/1BA, and two efficiency units; 2,468 square feet on 0.4 acres; Each unit has a separate short‑term rental license
