Building Details

Building Size 7,524 SF

Year Built 1920

Stories 3

Listing Agency: McGraw Realtors - Hs s***@mcgrawrealtors.com Show Phone

Listed By: Susan Bariola Show Phone

Source: Carolynrussellrealestate

Added: Jan 13 Changed: Nov 3 Last Checked: Nov 4 at 9:39AM

Report an Issue

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 - Hs

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Maison 226 is a 7,524-square-foot short-term rental property in a commercial building constructed in 1920. The five-suite layout includes two one-bedroom, one-bath units on each of the first two floors, each with a full kitchen and private balcony. A third-floor suite has three bedrooms, two baths, a large bathroom, and a private balcony. The property is offered with furnishings and artwork throughout.

A full basement provides owner storage, laundry facilities, and secure closet space. The property is licensed and permitted for short-term rental use and is zoned General Commercial.

Key Highlights

• Five suites across three floors, including a top‑floor three‑bedroom, two‑bath unit
• 7,524‑square‑foot building constructed in 1920
• First- and second‑floor suites each have a full kitchen and private balcony

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,431

Cap Rate

3.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$928,620 $928.6K

Cap Rate 7%

$663,300 $663.3K

Cap Rate 9%

$515,900 $515.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,524 SF

Gross rent

$90.3K $12.00/SF

− Vacancy

−$5.9K −$0.78/SF

EGI

$84.4K $11.22/SF

− OpEx

−$38.0K −$5.05/SF

NOI

$46.4K $6.17/SF

Area

Garland County, AR

Vacancy

6.50%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$928,620

Cap Rate 7%

$663,300

Cap Rate 9%

$515,900

Alternative Uses

Best Use

Apartment 5plus

$663.3K

$580.4K – $773.9K (±1% cap)

NOI $46,431 @ 7.0% cap · market cap 3.72%

Second Best

Hotel Hospitality

$441.1K

$386.0K – $514.6K (±1% cap)

NOI $30,878 @ 7.0% cap · market cap 2.47%

Theoretical Best

Office A

$1.38M

$1.20M – $1.61M (±1% cap)

NOI $96,319 @ 7.0% cap · market cap 7.71%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Maison 226 Vacation Rental

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Butcher Florist Pet Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,463

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

See more

Furnished Cabin Rental Property

2777 Highway 290, Hot Springs, AR 71913

$1,750,000

9,264 SF

View details

Lakefront Short-Term Rental Property

109 Roadrunner, Hot Springs, AR 71913

$3,190,000

8,056 SF

View details

Historic Downtown Duplex with Terraces

121 Exchange Street, Hot Springs, AR 71901

$1,414,350

3,143 SF

View details

Historic Victorian Bed & Breakfast

318 Quapaw Avenue, Hot Springs, AR 71901

$774,900

4,284 SF

View details

Two-Unit Duplex with Updated Interiors

173 A & B Hershell Road, Hot Springs, AR 71913

$485,000

3,864 SF

View details

Lake Hamilton Townhomes with Boat Slips

203 Thornton Ferry Road, Hot Springs, AR 71913

$4,700,000

13,200 SF

View details

Furnished Victorian Short-Term Rental

224 Court Street, Hot Springs, AR 71901

$535,000

3,556 SF

View details

Four-Unit Quadplex with Patios

3357 Malvern Avenue, Hot Springs, AR 71901

$445,000

3,456 SF

View details

Short-Term Rental Property with High Ceilings

540 Ouachita Avenue, Hot Springs, AR 71901

$335,000

3,171 SF

View details

Furnished Short-Term Rental Condo

532 Grandpoint Drive, Hot Springs, AR 71913

$589,000

2,257 SF

View details

Furnished Renovated Quadplex

500 BURCHWOOD BAY Road, Hot Springs, AR 71913

$445,000

2,468 SF

View details

Contemporary Short-Term Rental Townhome

231 Ledgerock Road, Hot Springs, AR 71913

$549,000

2,152 SF

View details

Frequently Asked Questions

What type of property is this?

Short term rental property - Five guest suites, complete furnishings, and General Commercial zoning support the property's current lodging operation.

Where is this short term rental property located?

The property is located at 226 Prospect Avenue 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: Five suites across three floors, including a top‑floor three‑bedroom, two‑bath unit; 7,524‑square‑foot building constructed in 1920; First- and second‑floor suites each have a full kitchen and private balcony