Multifamily Duplex and
For Sale
$1,250,000
105 & 109 Pocola, Hot Springs, AR 71913
MULTI_FAMILY - Hot Springs, AR
Property Size10,890 SF
Lot Size1.27 Acres
Price / SF$114.78
Days on Market98
Property Features for 105 & 109 Pocola
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
21
Bathrooms
20
Full bathrooms
20
Rooms
Bedroom 11, Bedroom 10, Bedroom 2, Bedroom 14, Bedroom 21, Bedroom 3, Bedroom 4, Bathroom 11, Bathroom 14, Bedroom 12, Bathroom 15, Bedroom 20, Bathroom 18, Bathroom 3, Bathroom 16, Bedroom 9, Bathroom 5, Bathroom 6, Bathroom 12, Bedroom 7, Bathroom 9, Bedroom 13, Bedroom 6, Bedroom 19, Bathroom 20, Bathroom 8, Bedroom 5, Bathroom 4, Bedroom 18, Bathroom 19, Bedroom 16, Bedroom 17, Bedroom 8, Bathroom 10, Bathroom 2, Bathroom 7, Bedroom 1, Bathroom 1, Bedroom 15, Bathroom 17, Bathroom 13
Patio and Porch features
Porch, Patio, Deck
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
Wood, Partial
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher, Refrigerator-Stays, Free-Standing Stove, Microwave, Electric Range, Dishwasher, Refrigerator-Stays
Subdivision
Dakota
Lot features
Level, Wooded, In Subdivision
Directions
From Albert Pike, Head West and turn left onto Thornton Ferry Road. Continue to Dakota Drive and proceed to the property on the left. The site is ideally positioned between Cheyenne St. and Pocola Drive.
Standard status
Active
Size
10,890 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
Legal Description
Dakota Hills Lots 1,2,3 and 4
Building Details
Year built
2023
Floors in Building
2
Number of units
7
Flooring type
Laminate
Roof type
Composition
Listing Agency:
Hot Springs Realty
(501) 525-4178
Listed By:
Scott Garibay · License #SA00045405
(501) 620-3550
Added: May 29
Changed: Aug 2
Last Checked: Sep 3 at 6:06PM
MLS# 26021697
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.
Built in 2023, this multifamily investment property includes three duplexes plus a separate single-family residence. Each duplex unit is designed with three bedrooms and 2.5 baths, while the single-family residence offers three bedrooms and two baths. Units feature open-concept layouts with custom cabinetry, granite countertops, stainless steel appliances, 9-foot ceilings, and spacious walk-in closets.
The duplex addresses are 105 Pocola Drive, 109 Pocola Drive, and 106 Cheyenne Street. The single-family residence is located at 102 Cheyenne St.
The property is listed for sale as a residential income offering in Hot Springs, Arkansas, in Garland County.
The duplex addresses are 105 Pocola Drive, 109 Pocola Drive, and 106 Cheyenne Street. The single-family residence is located at 102 Cheyenne St.
The property is listed for sale as a residential income offering in Hot Springs, Arkansas, in Garland County.
Key Highlights
- Built in 2023: includes 3 duplexes plus 1 single‑family residence
- Duplexes feature 3 bedrooms and 2.5 baths each, with open‑concept layouts and 9‑foot ceilings
- Single‑family residence at 102 Cheyenne St. offers 3 bedrooms and 2 baths
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
$67,202
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
5.38%
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%
$1,344,040
$1.3M
Cap Rate 7%
$960,029
$960.0K
Cap Rate 9%
$746,689
$746.7K
Market Conditions
NOI Build-Up for 10,890 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
$130.7K $12.00/SF
− Vacancy
−$8.5K −$0.78/SF
EGI
$122.2K $11.22/SF
− OpEx
−$55.0K −$5.05/SF
NOI
$67.2K $6.17/SF
Area
Garland County, AR
Vacancy
6.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,344,040
Cap Rate 7%
$960,029
Cap Rate 9%
$746,689
Alternative Uses
Best Use
Apartment 5plus
$960.0K
$840.0K – $1.12M
NOI $67,202 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,409 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
19
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?
Apartment building - For sale investment property built in 2023 with three duplexes and one single-family residence.
Where is this apartment building 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: Built in 2023: includes 3 duplexes plus 1 single‑family residence; Duplexes feature 3 bedrooms and 2.5 baths each, with open‑concept layouts and 9‑foot ceilings; Single‑family residence at 102 Cheyenne St. offers 3 bedrooms and 2 baths
