Two-Unit Duplex with
For Sale
$369,000
122 havelock Place, Hot Springs, AR 71913
Fully occupied duplex with two distinct living spaces and separate entrances.
Property Size3,036 SF
Price / SF$121.54
Days on Market97
Property Features for 122 havelock Place
General Information
Standard status
Active
Size
3,036 SF
Total Parking Spaces
2
Property subtype
Multi-family
Occupancy
100%
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
McGraw Realtors - HS
(501) 881-3331
Listed By:
Shahmarie Afkhami
(501) 762-3497
Source:
Heilesassociatesrealtors
Added: Aug 1
Changed: Nov 1
Last Checked: Nov 4 at 12:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McGraw Realtors - HS
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Investment Insights
Based on property information with market context.
Built in 1996, this duplex contains two separately accessed residences with private living areas and an individual garage for each unit. The upper home offers two bedrooms and two bathrooms, vaulted ceilings, a fireplace, kitchen-area built-ins, a fenced backyard, and a rear deck. The lower residence includes two bedrooms, one bathroom, a full kitchen, built-in shelving, and a dedicated laundry room.
The property sits on a corner lot at 122 Havelock Place in Hot Springs, Arkansas. Both units are occupied, providing an established residential income configuration. The location is minutes from Oaklawn, hospitals, shopping, and restaurants.
The property sits on a corner lot at 122 Havelock Place in Hot Springs, Arkansas. Both units are occupied, providing an established residential income configuration. The location is minutes from Oaklawn, hospitals, shopping, and restaurants.
Key Highlights
- Two‑unit duplex with separate entrances and individual garages
- Both residences are currently occupied
- Upper unit includes 2 bedrooms, 2 bathrooms, vaulted ceilings, and a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,051
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,020
$401.0K
Cap Rate 7%
$286,443
$286.4K
Cap Rate 9%
$222,789
$222.8K
Market Conditions
NOI Build-Up for 3,036 SF
Gross rent
$31.0K $10.20/SF
− Vacancy
−$2.3K −$0.77/SF
EGI
$28.6K $9.44/SF
− OpEx
−$8.6K −$2.83/SF
NOI
$20.1K $6.60/SF
Area
Garland County, AR
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,020
Cap Rate 7%
$286,443
Cap Rate 9%
$222,789
Alternative Uses
Best Use
Multifamily LT 5
$286.4K
$250.6K – $334.2K
NOI $20,051 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$267.6K
$234.2K – $312.3K
NOI $18,735 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$555.2K
$485.8K – $647.8K
NOI $38,866 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with two distinct living spaces and separate entrances.
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 $369,000.
What are key features of this property?
This property features: Two‑unit duplex with separate entrances and individual garages; Both residences are currently occupied; Upper unit includes 2 bedrooms, 2 bathrooms, vaulted ceilings, and a fireplace
