Four-Unit Renovated Investment
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 Market79
Property Features for 500 Burchwood Bay Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport
Interior features
Washer-Stays, Dryer-Stays, Fan - Ceiling, Furnished
Exterior features
Gazebo
Appliances
Free-Standing Stove, Dishwasher, Refrigerator-Stays, Free-Standing Stove, Dishwasher, Refrigerator-Stays
Subdivision
Lackeys Lake Front #2
Lot features
In Subdivision
Elementary school
Hot Springs
Middle school
Hot Springs
High school
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
Lt 8 & Pt Lt 9 Lackeys Lake
Tax Annual Amount
1500
Legal Description
Lt 8 & Pt Lt 9 Lackeys Lake
Building Details
Year built
1960
Number of units
4
Roof type
Shingle
Architectural style
Bungalow, Other
Additional Structures
Gazebo
Listing Agency:
ESQ. Realty Group - Hot Springs
(501) 255-0509
Listed By:
Beau Durbin · License #PB00055248
(501) 609-6493
Added: May 13
Changed: Jul 29
Last Checked: Jul 30 at 11:06PM
MLS# 26020275
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 fully renovated four-unit investment property is offered furnished and ready to operate. The building includes one renovated 2BR/1BA unit, one updated 1BR/1BA unit, and two remodeled efficiency units. Each unit features modern interiors, and the property includes separate short-term rental licenses, supporting flexible use for STR, mid-term stays, or traditional rentals. One long-term tenant is currently in place.
Located at 500 Burchwood Bay Road in Hot Springs, Arkansas, the property sits in a well-known area across from Sam’s Pizza and within eyeshot of Lake Hamilton. The existing mix of unit types provides a practical configuration for accommodating different household sizes, from efficiency-style stays to larger, longer-visit setups.
For buyers and operators, the combination of fully renovated living spaces, furnished presentation, and separate STR licensing is designed to reduce start-up friction. The current long-term tenant offers immediate occupancy in one unit, while the remaining three units can support short-term, mid-term, or traditional rental strategies depending on an operator’s preference and local execution needs.
Located at 500 Burchwood Bay Road in Hot Springs, Arkansas, the property sits in a well-known area across from Sam’s Pizza and within eyeshot of Lake Hamilton. The existing mix of unit types provides a practical configuration for accommodating different household sizes, from efficiency-style stays to larger, longer-visit setups.
For buyers and operators, the combination of fully renovated living spaces, furnished presentation, and separate STR licensing is designed to reduce start-up friction. The current long-term tenant offers immediate occupancy in one unit, while the remaining three units can support short-term, mid-term, or traditional rental strategies depending on an operator’s preference and local execution needs.
Key Highlights
- Fully renovated, fully furnished four‑unit investment property built in 1960 (bungalow style)
- Unit mix: renovated 2BR/1BA unit, updated 1BR/1BA unit, and two remodeled efficiency units
- All units include modern interiors and are furnished; washer and dryer stay
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
Multi-tenant
Tenancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully renovated, furnished quadplex with two efficiency units, a 2BR/1BA, and a 1BR/1BA, plus separate STR 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: Fully renovated, fully furnished four‑unit investment property built in 1960 (bungalow style); Unit mix: renovated 2BR/1BA unit, updated 1BR/1BA unit, and two remodeled efficiency units; All units include modern interiors and are furnished; washer and dryer stay
