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    1003 W Grand Ave Hot Springs, AR 71901

    For Sale
    $299,900

    Duplex - Hot Springs, AR

    Property size:
    2,011 SF
    Days on Market:
    77
    Last Refresh:
    Dec 6 at 8:06 am

    Property Features for 1003 W Grand Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-TR C-Trans District
    Rooms
    Kitchen
    Parking features
    None
    Patio and Porch features
    Deck
    Interior features
    Dryer Stays, Smoke Detector, Washer-stays, Furnished
    Exterior features
    Deck, Partially Fenced
    Fencing
    Fenced, Partial
    Appliances
    Refrigerator
    Size
    2,011 SF

    Building Details

    Year built
    1945
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile, Vinyl
    Building materials
    Brick, Frame
    Roof type
    Composition
    Architectural style
    Other

    ESQ. Realty Group-Hot Springs (501) 255-0509 [email protected]

    Listing agent Beau Durbin (501) 255-0509 License #PB00055248

    Listing date Sep 21, 2025

    MLS# 152614 Listing URL

    Copyright © 2025 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.

    Overview

    Turnkey Hot Springs Duplex Investment

    This turnkey short-term rental investment is located one mile from both downtown Hot Springs and Oaklawn Racing Casino Resort. The property is a remodeled duplex featuring two units, each with 2 bedrooms and 1 bath, separate living areas, and separate kitchens. Both units are being sold fully furnished and include two short-term rental permits that will convey to the buyer. The units can be rented separately or together as one large unit. The home has a spacious layout, modern finishes, and a large rear deck. Zoned CTR (Commercial Transitional), this property combines flexibility with convenience in one of Hot Springs’ most desirable rental corridors. The property is 2011 square feet. Whether operating as a profitable short-term rental, exploring long-term leasing, or reimagining its future, this duplex is a rare opportunity to own a fully equipped, income-producing property in the heart of town.
    Property Profile Location Intelligence

    Current Use by Public Records

    Simpson Enterprise Bottled Water Supplier

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.067804
    Latitude
    34.501627

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    FAQs

    What type of property is this?
    Duplex - Remodeled duplex near downtown and Oaklawn, ideal for short-term rentals.
    Where is this duplex located?
    The property is located at 1003 W Grand Ave Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - Turnkey short-term rental investment with two permits included.; - Prime location: Just one mile from downtown Hot Springs and Oaklawn Racing Casino Resort.; - Two fully furnished units, each with 2 bedrooms, 1 bath, living area, and kitchen.
    (501) 255-0509
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1003 W Grand Ave Hot Springs, AR 71901
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