Two-Unit Duplex with Updated
For Sale
$485,000
173 A & B Hershell Road, Hot Springs, AR 71913
Multi-Family, Contemporary, Hot Springs, AR
Property Size3,864 SF
Lot Size0.19 Acres
Price / SF$125.52
Days on Market154
Property Features for 173 A & B Hershell Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Exterior features
Partially Fenced, Guttering
Fencing
Partial
Appliances
Free-Standing Stove, Electric Range, Pantry, Refrigerator-Stays, Free-Standing Stove, Electric Range, Pantry, Refrigerator-Stays
Subdivision
Metes & Bounds
Lot features
Level, Cleared
Directions
From HWY 70/Airport Rd. Turn at Hershell, property is on the left.
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
Legal Description
PT NE SW
Building Details
Year built
2012
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
McGraw Realtors - HS
(501) 881-3331
Listed By:
Shahmarie Afkhami
(501) 762-3497
Added: May 9
Changed: Oct 5
Last Checked: Oct 9 at 9:06AM
MLS# 26020019
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 3,864-square-foot duplex contains two residences, each laid out with four bedrooms, two full bathrooms, and two half bathrooms. Interior work includes vinyl flooring, contemporary paint, revised kitchen cabinetry, bathroom vanities and toilets, lighting, fixtures, and exterior doors. Appliances are included. The property occupies a 0.19-acre parcel and was built in 2012.
Major building updates include a roof installed in 2023 and a replacement HVAC system completed in 2025. Both units are occupied. The property is located at 173 A & B Hershell Road in Hot Springs, outside city limits.
Major building updates include a roof installed in 2023 and a replacement HVAC system completed in 2025. Both units are occupied. The property is located at 173 A & B Hershell Road in Hot Springs, outside city limits.
Key Highlights
- Two residences, each with 4 bedrooms, 2 full baths, and 2 half baths
- 3,864 square feet on a 0.19‑acre parcel
- Roof installed in 2023; HVAC system replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,520
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,400
$510.4K
Cap Rate 7%
$364,571
$364.6K
Cap Rate 9%
$283,556
$283.6K
Market Conditions
NOI Build-Up for 3,864 SF
Gross rent
$39.4K $10.20/SF
− Vacancy
−$3.0K −$0.77/SF
EGI
$36.5K $9.44/SF
− OpEx
−$10.9K −$2.83/SF
NOI
$25.5K $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%
$510,400
Cap Rate 7%
$364,571
Cap Rate 9%
$283,556
Alternative Uses
Best Use
Multifamily LT 5
$364.6K
$319.0K – $425.3K
NOI $25,520 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$340.6K
$298.1K – $397.4K
NOI $23,845 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$706.6K
$618.3K – $824.4K
NOI $49,465 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
66
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 - Both residences are occupied and include refreshed kitchens, updated baths, new lighting, and appliances.
Where is this duplex located?
The property is located at 173 A & B Hershell Road Hot Springs, AR.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two residences, each with 4 bedrooms, 2 full baths, and 2 half baths; 3,864 square feet on a 0.19‑acre parcel; Roof installed in 2023; HVAC system replaced in 2025
