Duplex with Resort
For Sale
$246,000
5371 Central Avenue, Hot Springs, AR 71913
Residential, Traditional, Hot Springs, AR
Property Size1,200 SF
Price / SF$205
Days on Market55
Property Features for 5371 Central Avenue
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Laundry Room, Bedroom 2, Bathroom 1
Parking features
Assigned
Spa
1
Patio and Porch features
Deck, Patio
Interior features
Wet Bar, Washer-Stays, Dryer-Stays, Water Heater-Electric, Ceiling Fan(s), Breakfast Bar
Exterior features
Patio, Deck, Inground Pool, Guttering, Tennis Court, Hot Tub/Spa, Cabana/Pool House, Dog Run, Gazebo, Enclosed Pool
Fireplace
1
Appliances
Built-In Stove, Microwave, Electric Range, Dishwasher, Disposal, Refrigerator-Stays
Subdivision
EMERALD ISLE HPR
Lot features
Level, Lake View, Lake Front
Directions
7 south to Jose's restaurant. Immediate left after the restaurant.
Standard status
Active
Size
1,200 SF
Taxes and HOA fees
Tax Description
Emerald Isle HPR Phase V
Tax Annual Amount
1400
HOA Fee
$250 Monthly
Legal Description
Emerald Isle HPR Phase V
Utilities
Water front
1
Amenities
Resort-style pool
pickle ball courts
volleyball
basketball
tennis courts
sand beach
doggie park
Building Details
Year built
1984
Flooring type
Carpet, Vinyl
Roof type
Shingle
Architectural style
Other
Additional Structures
Kennel/Dog Run, Gazebo, Cabana
Listing Agency:
McGraw Realtors - HS
(501) 881-3331
Listed By:
Shay Ledbetter
(501) 690-6662
Added: Aug 14
Changed: Oct 5
Last Checked: Oct 7 at 8:06AM
MLS# 26034459
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 1,200-square-foot duplex, built in 1984, includes two bedrooms, two bathrooms, a laundry room, breakfast bar, wet bar, patio, and deck. Interior features include vinyl and carpet flooring, ceiling fans, an electric water heater, and appliances that remain with the property, including a refrigerator, dishwasher, disposal, microwave, and electric range. The building has shingle roofing, and the roofs, gutters, and fascia have been replaced.
Outdoor amenities include an enclosed inground pool, hot tub/spa, cabana or pool house, gazebo, dog run, and courts for tennis, pickleball, volleyball, and basketball. A sand beach is also part of the property’s recreational setting. The duplex includes assigned parking and is located on Central Avenue near Oaklawn, shops, and restaurants.
Outdoor amenities include an enclosed inground pool, hot tub/spa, cabana or pool house, gazebo, dog run, and courts for tennis, pickleball, volleyball, and basketball. A sand beach is also part of the property’s recreational setting. The duplex includes assigned parking and is located on Central Avenue near Oaklawn, shops, and restaurants.
Key Highlights
- 1,200 SF duplex with two bedrooms and two bathrooms
- Built in 1984 with new roofs, gutters, and fascia
- Enclosed inground pool, hot tub/spa, cabana or pool house, and gazebo
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,925
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$158,500
$158.5K
Cap Rate 7%
$113,214
$113.2K
Cap Rate 9%
$88,056
$88.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$12.2K $10.20/SF
− Vacancy
−$918 −$0.77/SF
EGI
$11.3K $9.44/SF
− OpEx
−$3.4K −$2.83/SF
NOI
$7.9K $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 Rate 5%
$158,500
Cap Rate 7%
$113,214
Cap Rate 9%
$88,056
Alternative Uses
Best Use
Multifamily LT 5
$113.2K
$99.1K – $132.1K
NOI $7,925 @ 7.0% cap · market cap 3.22%
Second Best
Apartment 5plus
$105.8K
$92.6K – $123.4K
NOI $7,405 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$219.5K
$192.0K – $256.0K
NOI $15,362 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
176
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
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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?
Duplex - Two-bedroom duplex with updated roofing, assigned parking, and extensive outdoor recreation features.
Where is this duplex located?
The property is located at 5371 Central Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $246,000.
What are key features of this property?
This property features: 1,200 SF duplex with two bedrooms and two bathrooms; Built in 1984 with new roofs, gutters, and fascia; Enclosed inground pool, hot tub/spa, cabana or pool house, and gazebo
