Duplex With Resort
For Sale
$249,000
5371 Central Avenue, Hot Springs, AR 71913
Residential, Traditional, Hot Springs, AR
Property Size1,200 SF
Price / SF$207.50
Days on Market84
Property Features for 5371 Central Avenue
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Laundry Room, Bathroom 1, Bathroom 2, Bedroom 1
Parking features
Assigned
Spa
1
Patio and Porch features
Patio, Deck
Interior features
Breakfast Bar, Dryer-Stays, Washer-Stays, Water Heater-Electric, Wet Bar
Exterior features
Cabana/Pool House, Deck, Dog Run, Enclosed Pool, Gazebo, Guttering, Hot Tub/Spa, Inground Pool, Patio
Fireplace
1
Appliances
Built-In Stove, Dishwasher, Disposal, Electric Range, Ice Maker Connection, Microwave
Subdivision
EMERALD ISLE HPR
Lot features
Lake Front, Lake View, Level
Directions
7 South to Jose's restaurant. Immediately left after the restaurant.
Standard status
Active
Size
1,200 SF
Taxes and HOA fees
Tax Description
Emerald Isle HPR Phase V
Tax Annual Amount
1400
HOA Fee
$250 Monthly
Legal Description
Emerald Isle HPR Phase V
Utilities
Water front
1
Amenities
resort-style pool
pickle ball courts
volleyball
basketball
tennis courts
sand beach
doggie park
Building Details
Flooring type
Tile, Carpet
Roof type
Shingle
Architectural style
Other
Additional Structures
Kennel/Dog Run, Gazebo, Cabana
Listing Agency:
McGraw Realtors - HS
(501) 881-3331
Listed By:
Shay Ledbetter
(501) 690-6662
Added: Aug 14
Changed: Nov 2
Last Checked: Nov 5 at 5:06AM
MLS# 26034458
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.
This 1,200-square-foot duplex at 5371 Central Avenue includes two bedrooms, two bathrooms, a laundry room, breakfast bar, wet bar, and electric water heater. The interior combines carpet and tile flooring, while the kitchen includes a built-in stove, microwave, electric range, dishwasher, disposal, and ice maker connection. A fireplace, deck, patio, and assigned parking add to the property’s functional features. Washer and dryer remain in place.
Recent exterior improvements include new roofs, gutters, and fascia. Shared recreational amenities include an enclosed inground pool, hot tub, cabana or pool house, gazebo, pickleball, volleyball, basketball, and tennis courts. The property also offers a sand beach and dog park, with Oaklawn, shops, and restaurants described as nearby. The address is in Hot Springs, Arkansas.
Recent exterior improvements include new roofs, gutters, and fascia. Shared recreational amenities include an enclosed inground pool, hot tub, cabana or pool house, gazebo, pickleball, volleyball, basketball, and tennis courts. The property also offers a sand beach and dog park, with Oaklawn, shops, and restaurants described as nearby. The address is in Hot Springs, Arkansas.
Key Highlights
- 1,200 SF duplex with 2 bedrooms and 2 bathrooms
- New roofs, gutters, and fascia
- Enclosed inground pool with hot tub, cabana or pool house, and gazebo
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,925
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$158,500
$158.5K
Cap Rate 7%
$113,214
$113.2K
Cap Rate 9%
$88,056
$88.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$12.2K $10.20/SF
− Vacancy
−$918 −$0.77/SF
EGI
$11.3K $9.44/SF
− OpEx
−$3.4K −$2.83/SF
NOI
$7.9K $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 Rate 5%
$158,500
Cap Rate 7%
$113,214
Cap Rate 9%
$88,056
Alternative Uses
Best Use
Multifamily LT 5
$113.2K
$99.1K – $132.1K
NOI $7,925 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$105.8K
$92.6K – $123.4K
NOI $7,405 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$219.5K
$192.0K – $256.0K
NOI $15,362 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
176
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?
Duplex - The property combines updated roofing with access to extensive recreational amenities and assigned parking.
Where is this duplex located?
The property is located at 5371 Central Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,200 SF duplex with 2 bedrooms and 2 bathrooms; New roofs, gutters, and fascia; Enclosed inground pool with hot tub, cabana or pool house, and gazebo
