Four-Unit Multifamily
For Sale
$445,000
144 & 158 A&B Isaac Lane, Hot Springs, AR 71901
MULTI_FAMILY - Hot Springs, AR
Property Size3,803 SF
Lot Size5.27 Acres
Price / SF$117.01
Days on Market167
Property Features for 144 & 158 A&B Isaac Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bedroom 4, Bedroom 8, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 2, Bathroom 2
Parking features
Carport
Patio and Porch features
Porch, Deck
Interior features
Washer Connection, Dryer Connection-Electric, Some Units
Exterior features
Outside Storage Area, Deck, Porch
Appliances
Free-Standing Stove, Microwave, Electric Range, Free-Standing Stove, Microwave, Electric Range
Subdivision
Metes & Bounds
Lot features
Sloped, Level, Rural Property, Wooded, Cleared, Not in Subdivision
Elementary school
Lakeside
Middle school
Lakeside
High school
Lakeside
Directions
From Hot Springs Board Office, turn right on Orange St, Turn right onto Central Av Turn left onto W Grand Ave, Turn right onto US-270 BUS, Turn left onto Lakeside, Turn left onto Isaac Ln.
Standard status
Active
APN
100-07280-000 01
Size
3,803 SF
Lot size
5.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S-T-R: 11-03S-19W
Tax Annual Amount
2578
Legal Description
S-T-R: 11-03S-19W
Building Details
Year built
1976
Floors in Building
2
Number of units
4
Flooring type
Tile, Carpet - Partial, Vinyl
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
CBRPM Hot Springs · Coldwell Banker Real Estate
(501) 525-7355
Listed By:
Sean Edds · License #SA00080170
(501) 617-0636
Added: Mar 6
Changed: Aug 12
Last Checked: Aug 20 at 5:06AM
MLS# 26008735
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.
This multifamily property at 144 & 158 A&B Isaac Lane includes two separate buildings totaling 3,803 square feet on 5.27 acres. The main house contains two separated units, each with 2 bedrooms and 1 bathroom. A second building is configured as a mirrored duplex, with 2 bedrooms and 1 bathroom on each side, creating four rental units overall. All units are currently rented. Each unit has its own electric meter, with electric service paid by the respective renter, and each building has a separate septic system. Hot Springs Municipal water serves the property.
The main house roof was replaced in 2020, while the duplex roof was replaced in July of 2023. Additional features include carport parking, porches, a deck, outside storage, washer connections, electric dryer connections, and a mix of tile, vinyl, and partial carpet flooring. The property was built in 1976 and is located in Garland County near Hot Springs, Arkansas.
The main house roof was replaced in 2020, while the duplex roof was replaced in July of 2023. Additional features include carport parking, porches, a deck, outside storage, washer connections, electric dryer connections, and a mix of tile, vinyl, and partial carpet flooring. The property was built in 1976 and is located in Garland County near Hot Springs, Arkansas.
Key Highlights
- Four rental units across two buildings, with all units currently rented
- 3,803 square feet on 5.27 acres at 144 & 158 A&B Isaac Lane
- Main house includes two separated 2‑bedroom, 1‑bath units
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
$25,117
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
5.64%
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%
$502,340
$502.3K
Cap Rate 7%
$358,814
$358.8K
Cap Rate 9%
$279,078
$279.1K
Market Conditions
NOI Build-Up for 3,803 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
$38.8K $10.20/SF
− Vacancy
−$2.9K −$0.77/SF
EGI
$35.9K $9.44/SF
− OpEx
−$10.8K −$2.83/SF
NOI
$25.1K $6.60/SF
Area
Garland County, AR
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$502,340
Cap Rate 7%
$358,814
Cap Rate 9%
$279,078
Alternative Uses
Best Use
Multifamily LT 5
$358.8K
$314.0K – $418.6K
NOI $25,117 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$335.3K
$293.4K – $391.1K
NOI $23,468 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$695.5K
$608.6K – $811.4K
NOI $48,684 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
66
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two buildings provide separately metered rental units with individual septic systems and Hot Springs Municipal water.
Where is this multifamily property located?
The property is located at 144 & 158 A&B Isaac Lane Hot Springs, AR.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Four rental units across two buildings, with all units currently rented; 3,803 square feet on 5.27 acres at 144 & 158 A&B Isaac Lane; Main house includes two separated 2‑bedroom, 1‑bath units
