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    116 Manor Cir Hot Springs, AR 71913

    For Sale
    $420,000

    Traditional, Pkg-Single Family - Hot Springs, AR

    Property size:
    3,840 SF
    Days on Market:
    55
    Last Refresh:
    Dec 7 at 3:06 pm

    Property Features for 116 Manor Cir

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Kitchen
    Parking
    4
    Parking features
    Assigned, None
    Patio and Porch features
    Porch
    Interior features
    Hot Water Heater-electric, Smoke Detector, Fan-ceiling, All Units
    Exterior features
    Porch
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Size
    3,840 SF

    Utilities

    Utilities
    Electricity Available, Water Available
    Heating system
    Central, Electric (Heating), Space Heater

    Building Details

    Year built
    1981
    Floors in Building
    2
    Number of units
    6
    Flooring type
    Laminate, Vinyl
    Building materials
    Vinyl Siding
    Roof type
    Composition
    Architectural style
    New Traditional

    Lake Hamilton Realty, Inc. (501) 525-1466 [email protected]

    Listing agent Kris Tortorice (501) 525-1466 License #00061218

    Listing date Oct 14, 2025

    MLS# 152901 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 Apartment Complex

    This well-maintained 6-unit apartment complex presents an investment opportunity with income potential. Located in a residential area near downtown Hot Springs, Oaklawn Racing Casino Resort, and Lake Hamilton, the property features six 1-bedroom, 1-bath units. Three units are located upstairs and three are downstairs, each with private entry, separate utilities, and off-street parking. Recent updates include new paint, new flooring, and refreshed interiors. The complex has a strong rental history with 100% occupancy. Each unit has a separate electric meter. Tenants have access to off-street parking. The property is located close to Oaklawn, downtown, and lakes. The complex produces cash flow with the potential to increase rents to market rates. Tenants enjoy a peaceful neighborhood setting with convenient access to shopping, dining, and public transit. The property size is 3840 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.059245452118
    Latitude
    34.492927016676

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment complex with strong income potential near downtown Hot Springs.
    Where is this apartment building located?
    The property is located at 116 Manor Cir Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: - Turnkey 6-unit apartment complex with immediate income and strong rental history.; - 100% occupancy and potential to increase rents to market rates.; - Prime location minutes from downtown Hot Springs, Oaklawn Racing Casino Resort, and Lake Hamilton.
    (501) 525-1466
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    116 Manor Cir Hot Springs, AR 71913
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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
    116 Manor Cir Hot Springs, AR 71913
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