# 125 OAK Street, Hot Springs, AR 71901

> **TL;DR:** multi-family, $2,945,000 ($46/sqft), built 1913, 64,710 sqft. Est. $12,762/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,945,000 |
| Price/sqft | $46 |
| Square Feet | 64,710 |
| Year Built | 1913 |
| Stories | 4 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $12,762 |
| **Total** | **$12,762** |

## Property Highlights

- Built in 1913
- 4 stories

## Description

### Agent Description
Investors - Look at the returns here. Great property. Roof 2-3 years, HVAC systems 2 years, fully sprinkled fire suppression, elevator, ADA accessibility, common coin laundry room or in unit laundry option, electric metered separately, solid well maintained building, units in excellent repair, great location, tranquil setting with excellent views in all direction, easily +10,000ft2/929m2 underutilized space to add additional rental units as desired. Initial major remodel when building was placed back in service approximately 2005 with continued maintenance. 31 total apartments 1br-5, 2br-18, 3br-8 with additional venue rental & party rooms. Historically contributing, but not restricted. Yearly- Electric $16,116, Internet & office phone $6299 (includes Air BnB & 1 Tenant), Water, Sewer, Trash $16,274, Taxes $18,304, Insurance $42,840, Elevator- contract, inspection, permit & emergency phone $5831, Cameras/Security $3617, Fire monitoring and service contract $1834, city business & STR permits $470, Pest & Termite $2024 - Expense $113,609 - Income $455,293 (includes rent, storage, tenant utility contribution, laundry, event space rental, non-refundable pet deposit, pet rent, STR, application fee) NOI $341,684 with a 10% vacancy rate and Cap of 11%. Income reflects some late 2025 downtime for remodel post long term contract. Without adding additional units, realizing $500k+ plus in gross is very reasonable. Owner operated. Leases on file.

## Location

- **Address:** 125 OAK Street, Hot Springs, AR 71901
- **County:** Garland
- **Neighborhood:** HSR
- **Coordinates:** 34.50568954, -93.05365506
- **Google Maps:** https://www.google.com/maps?q=34.50568954,-93.05365506

## Listing Agent

- **Name:** Chris Rix
- **Brokerage:** Rix Realty - Advantage Team Realtors
- **Phone:** 5016274075
- **Email:** chris@rixestate.com

## Primary Photo

![125 OAK Street - Primary Photo](http://lh.rdcpix.com/6b1c126fa92eaf7e0b920eff33693e52l-f2453759780r.jpg)

*50 total photos available on [listing page](https://www.propertysimple.com/listing/125-oak-street-hot-springs-ar-71901-r155515)*

---

**MLS#:** 155515 | **Updated:** 2026-06-25
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/125-oak-street-hot-springs-ar-71901-r155515)

---

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