8-Unit Studio Apartment
New
For Sale
$579,000
316 HAZEL Street, Hot Springs, AR 71901
MULTI-FAMILY, Hot Springs, AR
Property SizeContact for details
Days on Market3
Property Features for 316 HAZEL Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
8
Rooms
Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 8, Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 7
Subdivision
HSR BLK 98
Elementary school district
Hot Springs
Middle school district
Hot Springs
High school district
Hot Springs
Directions
From downtown Hot Springs, take Central Avenue to Grand Avenue, turn onto Hazel Street, and continue to 316 Hazel Street.
Standard status
Active
Taxes and HOA fees
Tax Description
Block 98, Part of Lot 7
Legal Description
Block 98, Part of Lot 7
Building Details
Year built
1930
Listing Agency:
Progressive Realtors
(501) 622-8440
Listed By:
Shaila Sharrock
(501) 209-5884
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 18 at 10:06PM
MLS# 157620
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.
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Investment Insights
Based on property information with market context.
Built in 1930, this eight-unit apartment property is configured as studio residences. The units are HUD-approved, and the property is on a commercially zoned improvement lot in downtown Hot Springs.
Average annual occupancy is approximately 95%. The owner can assist with the handoff of applicable licenses, permits, and operational information.
Average annual occupancy is approximately 95%. The owner can assist with the handoff of applicable licenses, permits, and operational information.
Key Highlights
- Eight studio apartment units
- Approximately 95% average annual occupancy
- HUD‑approved units
Property Analytics
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Current Use
Lease Details
8
Residential units
95%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,635
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - HUD-approved studios occupy a commercially zoned property in downtown Hot Springs.
Where is this apartment building located?
The property is located at 316 HAZEL Street Hot Springs, AR.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Eight studio apartment units; Approximately 95% average annual occupancy; HUD‑approved units
