Four-Unit Multifamily
New
For Sale
$475,000
3357 Malvern Ave, Hot Springs, AR 71901
Income-producing residential property with consistent layouts, private outdoor areas, and laundry rooms in every unit.
Property Size3,456 SF
Price / SF$137.44
Days on Market7
Property Features for 3357 Malvern Ave
General Information
Standard status
Active
Size
3,456 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
laundry room
deck or patio
Building Details
Year Built
2009
Buildings
1
Tenancy
Multi
Listing Agency:
Anchor & Oak Realty Group
(501) 467-6956
Listed By:
Laura Finley · License #SA00084105
Source:
Themoverealty
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 30 at 8:01PM
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 Anchor & Oak Realty Group
Investment Insights
Based on property information with market context.
Located at 3357 Malvern Ave in Hot Springs, Arkansas, this four-unit multifamily property was built in 2009. Each residence includes 2 bedrooms, 1 bathroom, a laundry room, and either a deck or patio, creating a consistent configuration across the building.
All units are currently rented, while the next owner will establish future lease terms. The property has also been used as an Airbnb, providing an additional documented operating format. Its four-unit arrangement can support an owner-occupant seeking to live in one residence while leasing the others, subject to applicable requirements and lease decisions.
All units are currently rented, while the next owner will establish future lease terms. The property has also been used as an Airbnb, providing an additional documented operating format. Its four-unit arrangement can support an owner-occupant seeking to live in one residence while leasing the others, subject to applicable requirements and lease decisions.
Key Highlights
- Four‑unit multifamily property built in 2009
- All units are currently rented
- Each unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,825
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$456,500
$456.5K
Cap Rate 7%
$326,071
$326.1K
Cap Rate 9%
$253,611
$253.6K
Market Conditions
NOI Build-Up for 3,456 SF
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.
Gross rent
$35.3K $10.20/SF
− Vacancy
−$2.6K −$0.77/SF
EGI
$32.6K $9.44/SF
− OpEx
−$9.8K −$2.83/SF
NOI
$22.8K $6.60/SF
Area
Garland County, AR
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$456,500
Cap Rate 7%
$326,071
Cap Rate 9%
$253,611
Alternative Uses
Best Use
Multifamily LT 5
$326.1K
$285.3K – $380.4K
NOI $22,825 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$304.7K
$266.6K – $355.5K
NOI $21,327 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$632.0K
$553.0K – $737.4K
NOI $44,242 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
45
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing residential property with consistent layouts, private outdoor areas, and laundry rooms in every unit.
Where is this quadplex located?
The property is located at 3357 Malvern Ave Hot Springs, AR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four‑unit multifamily property built in 2009; All units are currently rented; Each unit includes 2 bedrooms and 1 bathroom
