Five-Unit Residential Income
For Sale
$499,000
166 168 172 176 LONG BEACH Drive, Hot Springs, AR 71913
MULTI_FAMILY - Hot Springs, AR
Property Size3,212 SF
Price / SF$155.35
Days on Market18
Property Features for 166 168 172 176 LONG BEACH Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Rooms
Bedroom 2, Bedroom 5, Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 4
Subdivision
Hardage-Vance
Elementary school district
Lakeside
Middle school district
Lakeside
High school district
Lakeside
Directions
Take W Grand, left on Central/Hwy 7S, left on Long Beach Dr and property is on the right.
Standard status
Active
Size
3,212 SF
Taxes and HOA fees
Tax Description
Lot 3B Hardage-Vance Subdivision, Garland County, AR
Legal Description
Lot 3B Hardage-Vance Subdivision, Garland County, AR
Building Details
Year built
1999
Number of units
5
Listing Agency:
ESQ. Realty Group
(501) 255-0509
Listed By:
Randy Whitehead · License #SA00093211
(501) 844-9011
Added: Jul 13
Changed: Jul 25
Last Checked: Jul 30 at 8:06PM
MLS# 155669
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 five-unit residential income property includes one duplex and three mobile homes, along with a large shop featuring covered areas that can support storage and/or additional rental use. The site is partially fenced. Unit mix includes 1- and 2-bedroom layouts, and four of the five units have been renovated.
The property is located in a convenient area within walking distance to Dollar General and Harps Grocery. It is also described as being in the Lakeside School District.
An estimated potential rental income of approximately $5,600 per month is noted in the marketing remarks, reflecting the property’s existing income base and partially updated unit inventory.
The property is located in a convenient area within walking distance to Dollar General and Harps Grocery. It is also described as being in the Lakeside School District.
An estimated potential rental income of approximately $5,600 per month is noted in the marketing remarks, reflecting the property’s existing income base and partially updated unit inventory.
Key Highlights
- 5‑unit multi‑family package built in 1999, with a mix of 1- and 2‑bedroom units
- Includes 1 duplex and 3 mobile homes plus a large shop with covered areas for storage and/or rental use
- Estimated potential rental income of approximately $5,600 per month
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.8k | $10.20 |
| − Vacancy | −$2.5k | −$0.77 |
| EGI | $30.3k | $9.44 |
| − OpEx | −$9.1k | −$2.83 |
| NOI | $21.2k | $6.60 |
3,212 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$303.1K
$265.2K – $353.6K
NOI $21,214 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$283.2K
$247.8K – $330.4K
NOI $19,821 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$587.4K
$514.0K – $685.3K
NOI $41,119 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
166
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit package with a duplex, three mobile homes, and a large shop with covered storage areas.
Where is this apartment building located?
The property is located at 166 168 172 176 LONG BEACH Drive Hot Springs, AR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 5‑unit multi‑family package built in 1999, with a mix of 1- and 2‑bedroom units; Includes 1 duplex and 3 mobile homes plus a large shop with covered areas for storage and/or rental use; Estimated potential rental income of approximately $5,600 per month
