Search
6-Unit Apartment Building
For Sale
$348,000

627 QUAPAW Avenue, Hot Springs, AR 71901

MULTI-FAMILY, Hot Springs, AR

Property SizeContact for details
Days on Market49

Property Features for 627 QUAPAW Avenue

General Information

Property type Residential Multi Family
Property subtype Apartment
Bedrooms 7
Rooms Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 7, Bedroom 2, Bedroom 3, Bedroom 6
Patio and Porch features Deck, Porch
Exterior features Deck, Porch, Storage Building, Covered
Appliances Free-Standing Stove, Refrigerator Stays, Free-Standing Stove, Refrigerator Stays
Subdivision HSR
Lot features Corner Lot, In Subdivision, Level, Wooded
Elementary school district Hot Springs
Middle school district Hot Springs
High school district Hot Springs
Directions Central to Prospect to Quapaw
Standard status Active

Taxes and HOA fees

Tax Year 2025
Tax Description B98 L Pt 9&10
Tax Annual Amount 1743
Legal Description B98 L Pt 9&10

Building Details

Year built 1930
Floors in Building 3
Roof type Composition
Additional Structures Storage
Listing Agency: Rix Realty - Advantage Team Realtors
Listed By: Chris Rix · License #00059757
Added: Jul 8 Changed: Aug 23 Last Checked: Aug 25 at 12:06AM
MLS# 156295

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.

Investment Insights

Based on property information with market context.

Built in 1930, this apartment property contains six units and is offered with an additional lot behind the main structure. The building includes covered outdoor areas, a deck, porch, storage building, composition roofing, and kitchen appliances including free-standing stoves and refrigerators. The property is in decent overall condition but requires maintenance, and occupancy was partial at the time of listing.

One set of meters serves the building. Residents generally pay a combined amount that includes utilities, although utility costs have sometimes been allocated among occupants. The property is near shopping, dining, a National Park Trailhead, and the adjacent downtown Historic District. The offering includes a mix of apartment rooms identified as bedrooms one through seven.

Key Highlights

  • Six‑unit apartment building built in 1930
  • Additional lot behind the main structure conveys
  • Partially occupied at the time of listing

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Storage Facility Butcher Carpet & Flooring Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,570
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Partially occupied residential income property with additional land and proximity to shopping, dining, and downtown.
Where is this apartment building located?
The property is located at 627 QUAPAW Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $348,000.
What are key features of this property?
This property features: Six‑unit apartment building built in 1930; Additional lot behind the main structure conveys; Partially occupied at the time of listing
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message