Roof-Replaced Apartment
For Sale
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605 Higdon Ferry Rd, Hot Springs, AR 71913
139-unit workforce apartment community with 98% physical occupancy and roof and HVAC upgrades across eight buildings.
Property Size111,172 SF
Days on Market156
Property Features for 605 Higdon Ferry Rd
General Information
Standard status
Active
Size
111,172 SF
Property subtype
Multifamily
Occupancy
98%
Additional Details
Business Included
Yes
Multifamily Units
139
Building Details
Year Built
1973
Listing Agency:
Colliers Arkansas Inc
Listed By:
Corey Allen · License #AR EB00086128
Source:
Crexi
Added: Feb 24
Changed: Jul 20
Last Checked: Jul 30 at 3:21PM
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 Colliers Arkansas Inc
Investment Insights
Based on property information with market context.
Higdon Ferry Apartments is a workforce housing apartment community offering 139 units in eight buildings. The property was constructed in 1973 and is currently maintaining 98% physical occupancy.
Since 2022, the current ownership has completed substantial capital improvements, including roof replacements across all eight buildings, extensive HVAC system upgrades, and critical infrastructure improvements. These updates support a more stabilized, well-maintained property profile with reduced near-term capital risk.
The community is positioned along Hot Springs’ primary multifamily corridor at 605 Higdon Ferry Road, providing an established operating asset for buyers seeking multifamily income through a maintained, recently improved portfolio.
Since 2022, the current ownership has completed substantial capital improvements, including roof replacements across all eight buildings, extensive HVAC system upgrades, and critical infrastructure improvements. These updates support a more stabilized, well-maintained property profile with reduced near-term capital risk.
The community is positioned along Hot Springs’ primary multifamily corridor at 605 Higdon Ferry Road, providing an established operating asset for buyers seeking multifamily income through a maintained, recently improved portfolio.
Key Highlights
- 139‑unit workforce apartment community at 605 Higdon Ferry Road
- 98% physical occupancy per current operating figures
- Built in 1973
Property Analytics
Current Use
Lease Details
139
Residential units
98%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
519
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 139-unit workforce apartment community with 98% physical occupancy and roof and HVAC upgrades across eight buildings.
Where is this apartment building located?
The property is located at 605 Higdon Ferry Rd Hot Springs, AR.
What are key features of this property?
This property features: 139‑unit workforce apartment community at 605 Higdon Ferry Road; 98% physical occupancy per current operating figures; Built in 1973
