Six-Unit Duplex Apartment
812 Shady Heights Road Hot Springs, AR 71901
For Sale
$610,000
MULTI_FAMILY - Hot Springs, AR
Property Size4,080 SF
Lot Size0.30 Acres
Price / SF$149.51
Days on Market215
Property Features for 812 Shady Heights Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Appliances
- Free-Standing Stove, Microwave, Refrigerator-Stays, Free-Standing Stove, Microwave, Refrigerator-Stays
- Standard status
- Active
- Size
- 4,080 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Block B, Lots 1-3, Garland Co.
- Tax Annual Amount
- 1154
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Number of units
- 6
- Flooring type
- Laminate
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
McGraw Realtors - HS
(501) 881-3331
Listed By:
Karen Hudspeth · License #SA00086588
(870) 344-0123
Added: Dec 23, 2025
Changed: Jun 12
Last Checked: Jul 26 at 7:06PM
MLS# 25049817
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 multifamily property is configured as six rental units across three duplex buildings. The offering includes a total of six units designed for straightforward, tenant-ready occupancy. The property is described as professionally managed, with established rental history, and provides current gross annual rental income of approximately $61,907. Tenants are responsible for utilities.
The property is located at 812 Shady Heights Road in Hot Springs, Arkansas, within the Lakeside School District. The lot size is reported as 0.3 acres, with an overall property size of 4,080 square feet.
For investors seeking a managed residential income asset, this portfolio provides immediate scale through its six-unit layout and tenant utility responsibility. Interested parties can request the rent roll, lease information, and income/expense details. The seller notes potential value-add and possible future expansion opportunities, and indicates the buyer should verify these points during due diligence.
The property is located at 812 Shady Heights Road in Hot Springs, Arkansas, within the Lakeside School District. The lot size is reported as 0.3 acres, with an overall property size of 4,080 square feet.
For investors seeking a managed residential income asset, this portfolio provides immediate scale through its six-unit layout and tenant utility responsibility. Interested parties can request the rent roll, lease information, and income/expense details. The seller notes potential value-add and possible future expansion opportunities, and indicates the buyer should verify these points during due diligence.
Key Highlights
- 6 rental units across three duplex buildings in Lakeside School District
- Approx. $61,907 gross annual rental income; tenants responsible for utilities
- Asking price $610,000 with approximate gross yield of 10.15% and approx. $101,667 price per unit
Financial Insights For Apartment 5plus
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 | $49.0k | $12.00 |
| − Vacancy | −$3.2k | −$0.78 |
| EGI | $45.8k | $11.22 |
| − OpEx | −$20.6k | −$5.05 |
| NOI | $25.2k | $6.17 |
4,080 SF · lease $12.00/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$359.7K
$314.7K – $419.6K
NOI $25,178 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$746.2K
$652.9K – $870.5K
NOI $52,231 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six rental units across three duplex buildings in Lakeside School District, with tenants paying utilities.
Where is this apartment building located?
The property is located at 812 Shady Heights Road Hot Springs, AR.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: 6 rental units across three duplex buildings in Lakeside School District; Approx. $61,907 gross annual rental income; tenants responsible for utilities; Asking price $610,000 with approximate gross yield of 10.15% and approx. $101,667 price per unit
