Duplex and Mobile Home Rental
For Sale
$499,000
166 168 172 176 Long Beach Drive, Hot Springs, AR 71913
MULTI_FAMILY - Hot Springs, AR
Property Size3,212 SF
Lot Size0.39 Acres
Price / SF$155.35
Days on Market64
Property Features for 166 168 172 176 Long Beach Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage
Appliances
Free-Standing Stove, Refrigerator-Stays, Free-Standing Stove, Refrigerator-Stays
Subdivision
Hardage-Vance
Lot features
Level
Directions
Take W Grand, left on Central/Hwy 7S, left on Long Beach Dr and property is on the right.
Standard status
Active
Size
3,212 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 3B Hardage-Vance Sub
Tax Annual Amount
1673
Legal Description
Lot 3B Hardage-Vance Sub
Building Details
Year built
1999
Floors in Building
1
Number of units
5
Flooring type
Vinyl
Roof type
Metal
Architectural style
Other
Listing Agency:
ESQ. Realty Group - Hot Springs
(501) 255-0509
Listed By:
Randy Whitehead · License #SA00093211
(501) 844-9011
Added: May 28
Changed: Jul 25
Last Checked: Jul 30 at 11:06PM
MLS# 26021408
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 for-sale rental package includes one duplex and three mobile homes, creating five total units. Unit mix includes 1- and 2-bedroom layouts, and four of the five units have been renovated. The property also has a large shop with covered areas, providing additional storage and/or rental flexibility for the site.
The property is located in Hot Springs, AR in the Lakeside School District. It sits in a convenient area within walking distance to Dollar General and Harps Grocery, and the site is partially fenced.
With an estimated potential rental income of approximately $5,600 per month, this is a straightforward multi-family portfolio addition for buyers seeking established income and on-site improvements already completed across most units.
The property is located in Hot Springs, AR in the Lakeside School District. It sits in a convenient area within walking distance to Dollar General and Harps Grocery, and the site is partially fenced.
With an estimated potential rental income of approximately $5,600 per month, this is a straightforward multi-family portfolio addition for buyers seeking established income and on-site improvements already completed across most units.
Key Highlights
- High income potential: Approximately $5,600 per month.
- Multi‑family property with 5 units (duplex and 3 mobile homes) for diverse income streams.
- Four of the five units have been renovated.
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 | $32.8k | $10.20 |
| − Vacancy | −$2.5k | −$0.77 |
| EGI | $30.3k | $9.44 |
| − OpEx | −$9.1k | −$2.83 |
| NOI | $21.2k | $6.60 |
3,212 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$303.1K
$265.2K – $353.6K
NOI $21,214 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$283.2K
$247.8K – $330.4K
NOI $19,821 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$587.4K
$514.0K – $685.3K
NOI $41,119 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Explore this area
Business Placement
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Rental package with a duplex, three mobile homes, and a large shop with covered areas on a partially fenced site.
Where is this duplex located?
The property is located at 166 168 172 176 Long Beach Drive Hot Springs, AR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: High income potential: Approximately $5,600 per month.; Multi‑family property with 5 units (duplex and 3 mobile homes) for diverse income streams.; Four of the five units have been renovated.
