Turnkey Duplex with Private
122 havelock Place Hot Springs, AR 71913
For Sale
$425,000
MULTI_FAMILY - Hot Springs, AR
Property Size3,036 SF
Lot Size1.03 Acres
Price / SF$139.99
Days on Market74
Property Features for 122 havelock Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Garage
- Patio and Porch features
- Deck
- Interior features
- Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Fireplace - Woodburning
- Exterior features
- Partially Fenced, Guttering, Deck
- Fencing
- Partial
- Fireplace
- 1
- Appliances
- Free-Standing Stove, Microwave, Gas Range, Electric Range, Dishwasher, Refrigerator-Stays, Free-Standing Stove, Microwave, Gas Range, Electric Range, Dishwasher, Refrigerator-Stays
- Standard status
- Active
- Size
- 3,036 SF
- Lot size
- 1.03 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PT SW SE
- Tax Annual Amount
- 1536
Building Details
- Year built
- 1996
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Carpet - Partial
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
McGraw Realtors - HS
(501) 881-3331
Listed By:
Shahmarie Afkhami
(501) 762-3497
Added: May 14
Changed: Jul 23
Last Checked: Jul 26 at 6:06PM
MLS# 26020021
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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.
This turnkey duplex is designed for separate living arrangements, with units that have their own entrances and individual garages. The upper unit features a 2-bedroom, 2-bath layout with vaulted ceilings, a fireplace, and built-ins in the kitchen area, along with a fenced backyard and a back deck. The downstairs unit provides an additional 2-bedroom, 1-bath setup that includes a full kitchen, built-in shelving, and a dedicated laundry room.
The property sits on a corner lot in Hot Springs, Garland County, and is offered at a 1.03-acre site size. The address is 122 Havelock Place, Hot Springs, AR 71913. Public remarks note the home is minutes from Oaklawn, hospitals, shopping, and restaurants.
For buyers seeking an owner-occupied setup or an investment with two self-contained rental spaces, the duplex’s separation of entrances and private amenities supports flexible occupancy and tenant privacy. Each unit includes a full kitchen, and the presence of a deck and fenced backyard for the upstairs unit adds outdoor usability, while the downstairs unit’s laundry room supports day-to-day convenience for residents. Some photographs are from when the property was not occupied.
The property sits on a corner lot in Hot Springs, Garland County, and is offered at a 1.03-acre site size. The address is 122 Havelock Place, Hot Springs, AR 71913. Public remarks note the home is minutes from Oaklawn, hospitals, shopping, and restaurants.
For buyers seeking an owner-occupied setup or an investment with two self-contained rental spaces, the duplex’s separation of entrances and private amenities supports flexible occupancy and tenant privacy. Each unit includes a full kitchen, and the presence of a deck and fenced backyard for the upstairs unit adds outdoor usability, while the downstairs unit’s laundry room supports day-to-day convenience for residents. Some photographs are from when the property was not occupied.
Key Highlights
- Cash‑flowing, turnkey duplex with reliable tenants and proven rental history.
- Located in a desirable Hot Springs location, minutes from Oaklawn, hospitals, shopping, and restaurants.
- Separate entrances, private living spaces, and individual garages for each unit.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.0k | $10.20 |
| − Vacancy | −$2.3k | −$0.77 |
| EGI | $28.6k | $9.44 |
| − OpEx | −$8.6k | −$2.83 |
| NOI | $20.1k | $6.60 |
3,036 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$286.4K
$250.6K – $334.2K
NOI $20,051 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$267.6K
$234.2K – $312.3K
NOI $18,735 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$555.2K
$485.8K – $647.8K
NOI $38,866 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully occupied duplex with separate entrances, individual garages, and two distinct 2-bed units.
Where is this duplex located?
The property is located at 122 havelock Place Hot Springs, AR.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Cash‑flowing, turnkey duplex with reliable tenants and proven rental history.; Located in a desirable Hot Springs location, minutes from Oaklawn, hospitals, shopping, and restaurants.; Separate entrances, private living spaces, and individual garages for each unit.
