Elevator-Served Apartment
For Sale
$2,945,000
125 OAK Street, Hot Springs, AR 71901
MULTI_FAMILY - Hot Springs, AR
Property Size64,710 SF
Price / SF$45.51
Days on Market58
Property Features for 125 OAK Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
65
Rooms
Bedroom 34, Bedroom 2, Bedroom 29, Bedroom 8, Bedroom 33, Bedroom 7, Bedroom 46, Bedroom 3, Bedroom 47, Bedroom 43, Bedroom 15, Bedroom 5, Bedroom 11, Bedroom 24, Bedroom 12, Bedroom 55, Bedroom 39, Bedroom 45, Bedroom 28, Bedroom 38, Bedroom 9, Bedroom 51, Bedroom 37, Bedroom 17, Bedroom 50, Bedroom 58, Bedroom 65, Bedroom 44, Bedroom 62, Bedroom 27, Bedroom 14, Bedroom 23, Bedroom 25, Bedroom 26, Bedroom 31, Bedroom 35, Bedroom 36, Bedroom 21, Bedroom 22, Bedroom 53, Bedroom 13, Bedroom 1, Bedroom 41, Bedroom 42, Bedroom 54, Bedroom 63, Bedroom 20, Bedroom 64, Bedroom 48, Bedroom 59, Bedroom 16, Bedroom 32, Bedroom 52, Bedroom 10, Bedroom 30, Bedroom 56, Bedroom 49, Bedroom 18, Bedroom 19, Bedroom 60, Bedroom 57, Bedroom 61, Bedroom 4, Bedroom 40, Bedroom 6
Security features
Security System
Patio and Porch features
Porch
Interior features
Breakfast Bar, Dryer Connection-Electric, Dryer Stays, Hot Water Heater-Electric, Smoke Detector, Washer Connection, Washer-Stays, Security System, Balcony/Loft, Fan-Ceiling, Handicap Design, Marble
Exterior features
Porch, Dumpster
Accessibility
Accessible Approach with Ramp
Appliances
Dishwasher, Electric Range, Free-Standing Stove, Refrigerator Stays, Dishwasher, Electric Range, Free-Standing Stove, Refrigerator Stays
Subdivision
HSR
Lot features
Corner Lot, In Subdivision, Level, Mountain View, Resort Property, Wooded
Elementary school district
Hot Springs
Middle school district
Hot Springs
High school district
Hot Springs
Directions
Central to Orange to Oak
Standard status
Active
Size
64,710 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
BLK 55 LOT 4 & PT CLOSED ST
Tax Annual Amount
18304
Legal Description
BLK 55 LOT 4 & PT CLOSED ST
Amenities
ADA accessibility
common coin laundry room
in-unit laundry option
venue rental
party rooms
Building Details
Year built
1913
Floors in Building
4
Flooring type
Carpet - Partial, Wood, Tile, Vinyl
Roof type
Flat
Listing Agency:
Rix Realty - Advantage Team Realtors
(501) 205-1900
Listed By:
Chris Rix · License #00059757
(501) 627-4075
Added: Jun 24
Changed: Aug 2
Last Checked: Aug 20 at 8:06AM
MLS# 155515
Copyright © 2026 Hot Springs Board of Realtors. 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 apartment building offers 31 apartments in excellent repair, with a unit mix of 1BR-5, 2BR-18, and 3BR-8. Residents have access to a common coin laundry room or an in-unit laundry option, and the property includes handicap design and ADA accessibility features with an elevator. The building is fully sprinkled with fire suppression, and electric service is metered separately.
Significant recent capital items include a roof that is approximately 2–3 years old and HVAC systems that are approximately 2 years old. The property was initially remodeled when it was placed back in service around 2005, with ongoing maintenance since then. The building sits on 64,710 SF and includes flat roof construction.
Operationally, the property has a 10% vacancy rate and an 11% cap rate. A reported 10,000+ SF of underutilized space is available to add additional rental units as desired, based on the existing configuration.
Significant recent capital items include a roof that is approximately 2–3 years old and HVAC systems that are approximately 2 years old. The property was initially remodeled when it was placed back in service around 2005, with ongoing maintenance since then. The building sits on 64,710 SF and includes flat roof construction.
Operationally, the property has a 10% vacancy rate and an 11% cap rate. A reported 10,000+ SF of underutilized space is available to add additional rental units as desired, based on the existing configuration.
Key Highlights
- 31 apartments: 1BR‑5, 2BR‑18, 3BR‑8
- Fully sprinkled fire suppression plus elevator and ADA accessibility features
- Common coin laundry room or in‑unit laundry option
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Elevator- and ADA-accessible apartment building with 31 units, including a common coin laundry and sprinkler fire suppression.
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; Fully sprinkled fire suppression plus elevator and ADA accessibility features; Common coin laundry room or in‑unit laundry option
