Furnished Cabin Rental
New
For Sale
$1,750,000
2777 Highway 290, Hot Springs, AR 71913
Multi-Family, Hot Springs, AR
Property Size9,264 SF
Lot Size4.90 Acres
Price / SF$188.90
Days on Market1
Property Features for 2777 Highway 290
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Electric Range, Dishwasher, Refrigerator-Stays, Electric Range, Dishwasher, Refrigerator-Stays
Subdivision
Metes & Bounds
Lot features
Rural Property, Out of City
High school
Lakeside
Directions
From Carpenter Dam Road, take a right onto Hwy 290, property is on your right.
Standard status
Active
Size
9,264 SF
Lot size
4.90 Acres
Taxes and HOA fees
Tax Description
PT NE
Tax Annual Amount
9177
Legal Description
PT NE
Amenities
fire pit area
Building Details
Year built
2023
Number of units
8
Flooring type
Concrete
Roof type
Shingle
Listing Agency:
Hot Springs 1st Choice Realty
(501) 525-1600
Listed By:
Tara Dixon
(501) 590-5122
Added: Oct 19
Last Checked: Oct 19 at 8:06PM
MLS# 26042179
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.
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Investment Insights
Based on property information with market context.
Set on 4.9 acres, this short-term rental property contains eight furnished cabins totaling 9,264 square feet. Four cabins measure 1,308 square feet each, and the other four measure 1,008 square feet each. The cabins were built in 2023 and include electric ranges, dishwashers, and refrigerators. Concrete flooring and shingle roofs are among the recorded building details.
The property is in Hot Springs, near Garvan Woodland Gardens and the Fish Hatchery public boat ramp serving Lake Hamilton. An outdoor fire pit area is also on site, with room identified for a potential pavilion or other additions.
The property is in Hot Springs, near Garvan Woodland Gardens and the Fish Hatchery public boat ramp serving Lake Hamilton. An outdoor fire pit area is also on site, with room identified for a potential pavilion or other additions.
Key Highlights
- Eight furnished cabins: four at 1,308 square feet and four at 1,008 square feet
- 9,264 square feet of building area on 4.9 acres
- Built in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,168
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,360
$1.1M
Cap Rate 7%
$816,686
$816.7K
Cap Rate 9%
$635,200
$635.2K
Market Conditions
NOI Build-Up for 9,264 SF
Gross rent
$111.2K $12.00/SF
− Vacancy
−$7.2K −$0.78/SF
EGI
$103.9K $11.22/SF
− OpEx
−$46.8K −$5.05/SF
NOI
$57.2K $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%
$1,143,360
Cap Rate 7%
$816,686
Cap Rate 9%
$635,200
Alternative Uses
Best Use
Apartment 5plus
$816.7K
$714.6K – $952.8K
NOI $57,168 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.98M
NOI $118,594 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Eight equipped cabins sit on a 4.9-acre parcel near Lake Hamilton recreation and local attractions.
Where is this short term rental property located?
The property is located at 2777 Highway 290 Hot Springs, AR.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Eight furnished cabins: four at 1,308 square feet and four at 1,008 square feet; 9,264 square feet of building area on 4.9 acres; Built in 2023
