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Waterfront Apartment Building
For Sale
$1,400,000

308 Kleinshore Road, Hot Springs, AR 71913

Nine-unit multifamily property with varied floor plans and optional boat slip rentals on Lake Hamilton.

Property SizeContact for details
Days on Market10

Property Features for 308 Kleinshore Road

General Information

Standard status Active
Property subtype Apartments

Units

Unit Mix 8 x 2BR, 1 x 1BR/1BA
Multifamily Units 9

Taxes and HOA fees

Annual Taxes $5,771

Amenities

boat slip rentals

Building Details

Year Built 1980
Listing Agency: Trademark Real Estate, Inc.
Listed By: Debi Jones
Source: Whitestonearkansas
Added: Jul 29 Changed: Aug 2 Last Checked: Aug 7 at 1:10AM

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 Trademark Real Estate, Inc.

Investment Insights

Based on property information with market context.

Built in 1980, this nine-unit apartment property combines eight two-bedroom residences with one one-bedroom, one-bath residence. Several of the two-bedroom units include two full bathrooms, providing variation within the unit mix. Large windows bring natural light into the apartments, while many units have views toward Lake Hamilton.

The property is situated directly on the lake and offers optional boat slip rentals, adding a waterfront amenity for occupants. The combination of a defined multifamily configuration, lake access, and multiple floor plans supports a range of residential leasing needs.

Key Highlights

  • Nine‑unit apartment property built in 1980
  • Unit mix includes eight 2‑bedroom apartments and one 1‑bedroom, 1‑bath apartment
  • Several 2‑bedroom units feature two full bathrooms

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Kitchen & Bath Showroom Grocery & Convenience Store Furniture & Home Goods Barber Shop

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

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

242
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Nine-unit multifamily property with varied floor plans and optional boat slip rentals on Lake Hamilton.
Where is this apartment building located?
The property is located at 308 Kleinshore Road Hot Springs, AR.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Nine‑unit apartment property built in 1980; Unit mix includes eight 2‑bedroom apartments and one 1‑bedroom, 1‑bath apartment; Several 2‑bedroom units feature two full bathrooms
More about this property
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