405 SPRING Street, Hot Springs, AR 71901
- Added:
- May 14, 2026
- Days on Market:
- 33
- Last Refresh:
- Jun 15 at 5:06 am
Property Features for 405 SPRING Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bathroom 3, Bathroom 5, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 6, Bedroom 3
- Patio and Porch features
- Deck, Porch, Patio
- Exterior features
- Deck, Partially Fenced, Porch, Patio, Covered
- Fencing
- Partial
- Standard status
- Active Under Contract
- Size
- 3,064 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- HSR B83/L4
- Tax Annual Amount
- 1268
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 5
- Roof type
- Composition, Shingle
- Architectural style
- Victorian, Bungalow
Listing agent Chris Rix License #00059757 (501) 627-4075
Listing office Rix Realty - Advantage Team Realtors 1010 Central Ave, Hot Springs, AR (501) 205-1900
Listing date May 14, 2026
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.
HighLights
- Immediate income potential: long‑term leases in place generating $53,952 yearly rent.
- Includes a 4‑plex (four 1 bed/1 bath units) and a separate 2 bed/1 bath home.
- Separately metered units offer potential for expense management and tenant responsibility.
- Located near historic downtown Hot Springs, shopping, restaurants, public transportation, and Hot Springs National Park.
- Well‑maintained properties with established long‑term tenants.
- Part of a larger investor portfolio, offering potential for expanded acquisition opportunities.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.8k | $12.00 |
| − Vacancy | −$2.4k | −$0.78 |
| EGI | $34.4k | $11.22 |
| − OpEx | −$15.5k | −$5.05 |
| NOI | $18.9k | $6.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -93.050593
- Latitude
- 34.5114629
