Turnkey Short-Term Rental
226 Prospect Ave Hot Springs, AR 71901
For Sale
$1,249,500
Historic hotel reimagined as a fully furnished short-term rental property with five suites and dedicated basement amenities.
Property Size7,524 SF
Price / SF$166.07
Days on Market185
Property Features for 226 Prospect Ave
General Information
- Standard status
- Active
- Size
- 7,524 SF
Listing Agency:
McGraw Realtors
(501) 350-6562
Listed By:
Susan Bariola
(501) 350-6562
Source:
Exprealty
Added: Jan 20
Changed: Jul 22
Last Checked: Jul 23 at 12:26PM
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 McGraw Realtors
Investment Insights
Based on property information with market context.
Maison 226 is a historic, fully operational short-term rental building now reimagined from the former Darch Hotel. The property features five furnished suites designed for upscale stays: the first and second floors each offer two private 1-bedroom, 1-bath suites with full kitchens and private balconies. The top-floor suite includes three bedrooms and two baths, including a spa-sized bathroom, a generous living space, and an expansive private balcony that can accommodate up to eight guests.
A full basement is included and provides dedicated owner storage, laundry facilities, and secure closet space to support day-to-day operations. Maison 226 is currently licensed and permitted for short-term rentals, making it available as a turnkey offering, with custom furnishings and original artwork included throughout. The property is located at 226 Prospect Avenue in Hot Springs, Arkansas.
A full basement is included and provides dedicated owner storage, laundry facilities, and secure closet space to support day-to-day operations. Maison 226 is currently licensed and permitted for short-term rentals, making it available as a turnkey offering, with custom furnishings and original artwork included throughout. The property is located at 226 Prospect Avenue in Hot Springs, Arkansas.
Key Highlights
- Fully operational, licensed short‑term rental property at 226 Prospect Avenue
- Historic Darch Hotel building now reimagined as Maison 226 with five guest suites
- First and second floors each feature two 1‑bedroom, 1‑bath suites with full kitchens and private balconies
Financial Insights For Apartment 5plus
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 | $90.3k | $12.00 |
| − Vacancy | −$5.9k | −$0.78 |
| EGI | $84.4k | $11.22 |
| − OpEx | −$38.0k | −$5.05 |
| NOI | $46.4k | $6.17 |
7,524 SF · lease $12.00/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$663.3K
$580.4K – $773.9K
NOI $46,431 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,319 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Maison 226
Vacation Rental
FAQs
What type of property is this?
Short term rental property - Historic hotel reimagined as a fully furnished short-term rental property with five suites and dedicated basement amenities.
Where is this short term rental property located?
The property is located at 226 Prospect Ave Hot Springs, AR.
What is the asking price?
The asking price for this property is $1,249,500.
What are key features of this property?
This property features: Fully operational, licensed short‑term rental property at 226 Prospect Avenue; Historic Darch Hotel building now reimagined as Maison 226 with five guest suites; First and second floors each feature two 1‑bedroom, 1‑bath suites with full kitchens and private balconies
