Short-Term Rental
5371 Central Avenue #3D, Hot Springs, AR 71913
For Sale
$315,000
The gated community permits nightly rentals and offers lake access, fitness facilities, and tennis courts.
Property Size1,467 SF
Price / SF$214.72
Days on Market132
Property Features for 5371 Central Avenue #3D
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
gated community
tennis courts
fitness center
lakeside fire pit
swimming pool
beach area
kayaking
Building Details
Year Built
Listing Agency:
Partners Realty
(501) 359-3333
Listed By:
Brett Dingler · License AR PB00041807
(501) 944-8100
Source:
Blairrealtors
Added: Jul 1
Changed: Nov 9
Last Checked: Nov 9 at 6:48AM
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 Partners Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,467-square-foot condo was built in 1982 and occupies an upper-level position with step-free access. The gated community permits nightly rentals and provides a range of shared recreational amenities.
Residents and guests have access to a lakeside pool, beach area, tennis courts, fitness center, and fire pit with lake views. Kayaks are provided, and covered boat slips can be rented by the day. The property is at 5371 Central Avenue in Hot Springs, near Lake Hamilton.
Residents and guests have access to a lakeside pool, beach area, tennis courts, fitness center, and fire pit with lake views. Kayaks are provided, and covered boat slips can be rented by the day. The property is at 5371 Central Avenue in Hot Springs, near Lake Hamilton.
Key Highlights
- 1,467‑square‑foot upper‑level condo with no steps
- Nightly rentals permitted in the gated community
- Shared pool, beach area, tennis courts, and fitness center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,053
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,060
$181.1K
Cap Rate 7%
$129,329
$129.3K
Cap Rate 9%
$100,589
$100.6K
Market Conditions
NOI Build-Up for 1,467 SF
Gross rent
$17.6K $12.00/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$16.5K $11.22/SF
− OpEx
−$7.4K −$5.05/SF
NOI
$9.1K $6.17/SF
Area
Garland County, AR
Vacancy
6.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$181,060
Cap Rate 7%
$129,329
Cap Rate 9%
$100,589
Alternative Uses
Best Use
Apartment 5plus
$129.3K
$113.2K – $150.9K
NOI $9,053 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$268.3K
$234.8K – $313.0K
NOI $18,780 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
Explore this area
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
$179,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Short term rental properties in Hot Springs, AR
Properties on Market for Short term rental properties in Hot Springs
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - The gated community permits nightly rentals and offers lake access, fitness facilities, and tennis courts.
Where is this short term rental property located?
The property is located at 5371 Central Avenue #3D Hot Springs, AR.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,467‑square‑foot upper‑level condo with no steps; Nightly rentals permitted in the gated community; Shared pool, beach area, tennis courts, and fitness center
