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    Modern Multifamily Investment Opportunity Title is generated by Realmo AI

    105 & 109 Pocola, Hot Springs, AR 71913

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    Claim this Listing
    New
    For Sale
    $1,250,000

    MULTI_FAMILY - Hot Springs, AR

    Property size:
    11,206 SF
    Lot size:
    1.27 Acres
    Price / SF:
    $111/SF
    Added:
    May 29, 2026
    Days on Market:
    2
    Last Refresh:
    May 30 at 3:06 pm

    Property Features for 105 & 109 Pocola

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    21
    Bathrooms
    20
    Rooms
    Bedroom 18, Bedroom 3, Bedroom 20, Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 5, Bathroom 11, Bathroom 16, Bathroom 19, Bedroom 7, Bathroom 13, Bedroom 4, Bedroom 17, Bathroom 15, Bedroom 10, Bathroom 18, Bathroom 14, Bathroom 6, Bedroom 6, Bedroom 8, Bathroom 3, Bedroom 1, Bathroom 12, Bathroom 10, Bedroom 21, Bedroom 11, Bedroom 15, Bedroom 13, Bedroom 14, Bathroom 8, Bedroom 9, Bathroom 4, Bathroom 17, Bedroom 2, Bedroom 19, Bedroom 12, Bathroom 9, Bathroom 7, Bathroom 20, Bedroom 16
    Patio and Porch features
    Deck, Patio, Porch
    Interior features
    Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric, Breakfast Bar, Closet - Walk In, Fan - Ceiling, Window Treatments
    Exterior features
    Partially Fenced, Deck, Patio, Porch, Wood Fence
    Fencing
    Partial, Wood
    Appliances
    Free-Standing Stove, Microwave, Electric Range, Dishwasher, Refrigerator-Stays, Free-Standing Stove, Microwave, Electric Range, Dishwasher, Refrigerator-Stays
    Standard status
    Active
    Size
    11,206 SF
    Lot size
    1.27 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Dakota Hills Lots 1,2,3 and 4
    Tax Annual Amount
    9848

    Building Details

    Year built
    2023
    Floors in Building
    2
    Number of units
    7
    Flooring type
    Laminate
    Roof type
    Composition

    We can help!

    Listing Contact
    Scott Garibay
    Scott Garibay

    Listing agent Scott Garibay License #SA00045405

    Listing office Hot Springs Realty 4832 Central Ave. Ste. C, Hot Springs, AR

    Listing date May 29, 2026

    MLS# 26021697 Listing URL

    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.

    HighLights

    • New construction (2023) with modern design
    • Includes 3 duplexes and a single‑family residence
    • Open‑concept layouts with high‑end finishes, including granite, stainless steel, and custom cabinetry
    • Located near Lake Hamilton
    • Within the Lake Hamilton School District
    • Each unit features 3 bedrooms and multiple bathrooms

    Overview

    This investment property, constructed in 2023, features three modern duplexes and a single-family residence. Each duplex unit includes 3 bedrooms and 2.5 bathrooms, while the single-family residence offers 3 bedrooms and 2 bathrooms. The units feature an open-concept layout, custom cabinetry, granite countertops, stainless steel appliances, 9-foot ceilings, and walk-in closets. The property is located near Lake Hamilton and within the Lake Hamilton School District. The single-family residence is located at 102 Cheyenne St. The duplexes are located at 105 Pocola Drive (Unit A), 105 Pocola Drive (Unit B), 109 Pocola Drive (Unit A), 109 Pocola Drive (Unit B), 106 Cheyenne Street (Unit A), and 106 Cheyenne Street (Unit B). The property has a lot size of 1.27 acres and a total property size of 11206 square feet.

    Local 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 $134.5k $12.00
    − Vacancy −$8.7k −$0.78
    EGI $125.7k $11.22
    − OpEx −$56.6k −$5.05
    NOI $69.2k $6.17
    11,206 SF · lease $12.00/SF/yr · vacancy 6.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $987.9K
    $864.4K – $1.15M (±1% cap)
    NOI $69,152 @ 7.0% cap · market cap 5.53%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.05M
    $1.79M – $2.39M (±1% cap)
    NOI $143,455 @ 7.0% cap · market cap 11.48%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Auto Repair Shop Hotel & Motel Furniture & Home Goods (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.158093
    Latitude
    34.488461

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    FAQs

    What type of property is this?
    Multifamily property - New construction multifamily property near Lake Hamilton.
    Where is this multifamily property located?
    The property is located at 105 & 109 Pocola Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: New construction (2023) with modern design; Includes 3 duplexes and a single‑family residence; Open‑concept layouts with high‑end finishes, including granite, stainless steel, and custom cabinetry
    (501) 620-3550
    We can help!
    Listing Contact
    Scott Garibay
    Scott Garibay
    Real Estate License ID: SA00045405
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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