31-Unit Apartment Building with
For Sale
$2,945,000
125 OAK Street, Hot Springs, AR 71901
Historic multifamily property with venue rooms, ADA access, and separately metered electric service.
Property Size64,710 SF
Days on Market89
Property Features for 125 OAK Street
General Information
Standard status
Active
Size
64,710 SF
Elevators
Yes
Property subtype
Apartment
Net Operating Income
$341,684
Financials
Cap Rate
11%
Gross Income
$455,293
Units
Unit Mix
5 x 1BR, 18 x 2BR, 8 x 3BR
Multifamily Units
31
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$18,304
Amenities
common coin laundry room
in unit laundry option
venue rental & party rooms
ADA accessibility
Building Details
Building Size
64,710 SF
Year Built
1913
Year Renovated
2005
Listing Agency:
Rix Realty - Advantage Team Realtors
(501) 627-4075
Listed By:
Chris Rix · License #00059757
(501) 627-4075
Source:
Whitestonearkansas
Added: May 15
Changed: Aug 3
Last Checked: Aug 10 at 9:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rix Realty - Advantage Team Realtors
Investment Insights
Based on property information with market context.
Built in 1913, this apartment property contains 31 residences with a mix of one-, two-, and three-bedroom layouts. The building also includes venue and party rooms, a common coin laundry room, and options for in-unit laundry. An elevator, ADA accessibility, and fully sprinklered fire suppression support the property’s functionality. Electric service is metered separately, and the units are described as well maintained and in excellent repair.
The property is located at 125 Oak Street in Hot Springs, Arkansas. A major remodel was completed when the building returned to service in approximately 2005, with ongoing maintenance since then. The roof is 2-3 years old, HVAC systems are 2 years old, and more than 10,000ft2/929m2 of space remains underutilized for potential additional apartment construction, subject to applicable approvals. The building is historically contributing but not restricted.
The property is located at 125 Oak Street in Hot Springs, Arkansas. A major remodel was completed when the building returned to service in approximately 2005, with ongoing maintenance since then. The roof is 2-3 years old, HVAC systems are 2 years old, and more than 10,000ft2/929m2 of space remains underutilized for potential additional apartment construction, subject to applicable approvals. The building is historically contributing but not restricted.
Key Highlights
- 31 apartments: 1br‑5, 2br‑18, 3br‑8
- Venue rental and party rooms included
- More than +10,000ft2/929m2 of underutilized space
Property Analytics
Property Profile
Current Use
Lease Details
31
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,665
Businesses Nearby
Explore this area
Business Placement
Demographics for 71901, AR
29,363
Population
14,952
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
88%
High-School Grad
101.9 sq mi
ZIP Area
288
Density / Sq Mi
$52,410
Median Household Income
$35,604
Median Earnings
$797
Median Rent
$173,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic multifamily property with venue rooms, ADA access, and separately metered electric service.
Where is this apartment building located?
The property is located at 125 OAK Street Hot Springs, AR.
What is the asking price?
The asking price for this property is $2,945,000.
What are key features of this property?
This property features: 31 apartments: 1br‑5, 2br‑18, 3br‑8; Venue rental and party rooms included; More than +10,000ft2/929m2 of underutilized space
