Hot Springs Multifamily Investment
125 OAK Street, Hot Springs, AR 71901
MULTI_FAMILY - Hot Springs, AR
Type:Apartment
Property size:
64,710 SFPrice / SF:
$45/SF- Added:
- May 15, 2026
- Days on Market:
- 32
- Last Refresh:
- Jun 15 at 3:06 am
Property Features for 125 OAK Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 65
- Rooms
- Bedroom 7, Bedroom 15, Bedroom 54, Bedroom 50, Bedroom 52, Bedroom 6, Bedroom 22, Bedroom 5, Bedroom 27, Bedroom 41, Bedroom 21, Bedroom 28, Bedroom 8, Bedroom 58, Bedroom 59, Bedroom 42, Bedroom 29, Bedroom 60, Bedroom 39, Bedroom 3, Bedroom 49, Bedroom 43, Bedroom 45, Bedroom 64, Bedroom 24, Bedroom 63, Bedroom 38, Bedroom 33, Bedroom 30, Bedroom 11, Bedroom 19, Bedroom 14, Bedroom 4, Bedroom 20, Bedroom 13, Bedroom 48, Bedroom 34, Bedroom 1, Bedroom 37, Bedroom 46, Bedroom 40, Bedroom 32, Bedroom 16, Bedroom 25, Bedroom 55, Bedroom 18, Bedroom 9, Bedroom 2, Bedroom 36, Bedroom 31, Bedroom 61, Bedroom 12, Bedroom 44, Bedroom 57, Bedroom 65, Bedroom 47, Bedroom 53, Bedroom 62, Bedroom 26, Bedroom 10, Bedroom 23, Bedroom 17, Bedroom 51, Bedroom 35, Bedroom 56
- 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
- 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
Building Details
- Year built
- 1913
- Floors in Building
- 4
- Flooring type
- Carpet - Partial, Wood, Tile, Vinyl
- Roof type
- Flat
Listing agent Chris Rix License #00059757 (501) 627-4075
Listing office Rix Realty - Advantage Team Realtors 1010 Central Ave, Hot Springs, AR (501) 205-1900
Listing date May 15, 2026
MLS# 155515
Listing URL
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.
HighLights
- High Net Operating Income (NOI) of $341,684 with potential to exceed $500,000+ gross income annually.
- Significant opportunity to increase revenue by adding +10,000 sq ft of rental units.
- Well‑maintained building with recent updates including a relatively new roof (2‑3 years) and HVAC systems (2 years).
- 31 total apartments with a mix of unit sizes: 1BR‑5, 2BR‑18, 3BR‑8, plus additional venue rental & party rooms.
- ADA accessibility, elevator, and fire suppression system in place.
- Strong income streams from rent, storage, tenant utility contributions, laundry, event space rental, pet deposits/rent, and short‑term rentals.
Overview
This multifamily property in Hot Springs, Arkansas, presents a significant investment opportunity. The well-maintained building features a roof that is 2-3 years old and HVAC systems that are 2 years old. It is equipped with a fully sprinkled fire suppression system, an elevator, and ADA accessibility. A common coin laundry room is available, with the option for in-unit laundry. The electric is metered separately for each unit. The property includes 31 total apartments: 5 one-bedroom units, 18 two-bedroom units, and 8 three-bedroom units, along with additional venue rental and party rooms. There is an easily accessible +10,000ft2/929m2 of underutilized space that could be used to add additional rental units. The building underwent a major remodel around 2005 and has been continuously maintained since. The property is historically contributing but not restricted. The yearly expenses total $113,609, including costs for electric ($16,116), internet and office phone ($6299), water, sewer, and trash ($16,274), taxes ($18,304), insurance ($42,840), elevator maintenance ($5831), cameras/security ($3617), fire monitoring ($1834), city permits ($470), and pest control ($2024). The income is $455,293, including rent, storage, tenant utility contributions, laundry, event space rental, pet deposits, pet rent, short-term rentals, and application fees. The NOI is $341,684 with a 10% vacancy rate and an 11% cap rate. The income reflects downtime in late 2025 for remodeling post a long-term contract. Without adding additional units, realizing $500k+ in gross income is reasonable. The property size is 64,710 square feet. The building is located in a tranquil setting with excellent views in all directions. The property is owner-operated, and leases are on file.
Property Profile
Location Intelligence
Current Use by Public Records
Hot Springs High ...
Apartment Building
Racing Crows
Advertising Agency
Hot Springs Junior ...
High School
Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -93.0536551
- Latitude
- 34.5056895
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 31-unit apartment building with expansion potential.
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: High Net Operating Income (NOI) of $341,684 with potential to exceed $500,000+ gross income annually.; Significant opportunity to increase revenue by adding +10,000 sq ft of rental units.; Well‑maintained building with recent updates including a relatively new roof (2‑3 years) and HVAC systems (2 years).
