173 A & B Hershell Road, Hot Springs, AR 71913
MULTI_FAMILY - Hot Springs, AR
- Added:
- May 9, 2026
- Days on Market:
- 59
- Last Refresh:
- Jul 6 at 4:06 am
Property Features for 173 A & B Hershell Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Exterior features
- Partially Fenced, Guttering
- Fencing
- Partial
- Appliances
- Free-Standing Stove, Electric Range, Pantry, Refrigerator-Stays, Free-Standing Stove, Electric Range, Pantry, Refrigerator-Stays
- Standard status
- Active
- Size
- 3,864 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- PT NE SW
- Tax Annual Amount
- 2552
Building Details
- Year built
- 2012
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl
- Roof type
- Composition
- Architectural style
- Contemporary
Listing agent Shahmarie Afkhami (501) 762-3497
Listing office McGraw Realtors - HS 307 Carpenter Dam Rd Suite E, Hot Springs, AR (501) 881-3331
Listing date May 9, 2026
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.
HighLights
- Turnkey duplex: immediate rental income from two occupied units.
- Each unit boasts 4 bedrooms, 2 full baths, and 2 half baths.
- Newer roof (2023) and brand‑new HVAC (2025).
- Updated flooring, modern paint, refreshed kitchens and bathrooms.
- Flexibility for long‑term or nightly rentals.
- Located outside city limits.
Overview
The property is located at 173 A & B Hershell Road in Hot Springs, Garland County, in an area described as outside city limits. Lot size is listed at 0.19 acres, and the total property size is 3,864 square feet. Both units are currently occupied.
As a for-sale income property, this duplex is positioned for buyers seeking a turnkey setup with immediate occupancy. With four-bedroom, multi-bath layouts in each unit and recent updates across finishes and mechanical systems, it may fit investors or owner-occupants looking for rental flexibility, including long-term leasing or nightly rental use where permitted.
Local 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 | $39.4k | $10.20 |
| − Vacancy | −$3.0k | −$0.77 |
| EGI | $36.5k | $9.44 |
| − OpEx | −$10.9k | −$2.83 |
| NOI | $25.5k | $6.60 |
Alternative Uses
Current Use by Public Records
Map
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -93.0943
- Latitude
- 34.4685
