Four-Unit Renovated Rental
For Sale
$455,000
500 BURCHWOOD BAY Road, Hot Springs, AR 71913
MULTI_FAMILY - Hot Springs, AR
Property Size2,468 SF
Lot Size0.40 Acres
Price / SF$184.36
Days on Market30
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 5, Bedroom 1, Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 3
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
Last Checked: Jul 30 at 11:06PM
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 fully renovated, fully furnished four-unit investment property is set up for flexible rental use. The unit mix includes a renovated 2BR/1BA home, an updated 1BR/1BA unit, and two remodeled efficiency units. Each unit features modern interiors, and the property includes separate short-term rental licenses for the units, supporting STR use as well as mid-term or traditional leasing options. Current occupancy includes one long-term tenant in place, while the remaining units provide additional flexibility for a buyer or operator.
The property is located at 500 Burchwood Bay Road in Hot Springs, Arkansas. It sits in a well-known area across from Sam’s Pizza and within eyeshot of Lake Hamilton, offering a setting that aligns with both local and visitor-oriented demand.
For tenants, the layout provides multiple housing sizes across the same building, ranging from an efficiency format to full 2-bedroom living. For buyers and operators, the combination of complete renovations, furnished readiness, and separate STR licensing can reduce initial setup needs while preserving control over how each unit is ultimately leased. As structured, the building can support a blended strategy that includes at least one continuing long-term tenancy while other units pivot to short-term or mid-term use as desired.
The property is located at 500 Burchwood Bay Road in Hot Springs, Arkansas. It sits in a well-known area across from Sam’s Pizza and within eyeshot of Lake Hamilton, offering a setting that aligns with both local and visitor-oriented demand.
For tenants, the layout provides multiple housing sizes across the same building, ranging from an efficiency format to full 2-bedroom living. For buyers and operators, the combination of complete renovations, furnished readiness, and separate STR licensing can reduce initial setup needs while preserving control over how each unit is ultimately leased. As structured, the building can support a blended strategy that includes at least one continuing long-term tenancy while other units pivot to short-term or mid-term use as desired.
Key Highlights
- Four‑unit investment property built in 1960 with a shingle roof
- Unit mix includes a renovated 2BR/1BA unit, an updated 1BR/1BA unit, and two remodeled efficiency units
- All units are furnished and include appliances such as dishwasher, free‑standing stove, and refrigerator
Financial Insights For Multifamily LT 5
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 | $25.2k | $10.20 |
| − Vacancy | −$1.9k | −$0.77 |
| EGI | $23.3k | $9.44 |
| − OpEx | −$7.0k | −$2.83 |
| NOI | $16.3k | $6.60 |
2,468 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$232.9K
$203.8K – $271.7K
NOI $16,300 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$217.6K
$190.4K – $253.8K
NOI $15,230 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$451.3K
$394.9K – $526.6K
NOI $31,594 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
90
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully furnished four-unit property with modern interiors and separate short-term rental licenses.
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 $455,000.
What are key features of this property?
This property features: Four‑unit investment property built in 1960 with a shingle roof; Unit mix includes a renovated 2BR/1BA unit, an updated 1BR/1BA unit, and two remodeled efficiency units; All units are furnished and include appliances such as dishwasher, free‑standing stove, and refrigerator
