1818 & 1820 Hobson Avenue, Hot Springs, AR 71913
MULTI_FAMILY - Hot Springs, AR
- Added:
- May 12, 2026
- Days on Market:
- 32
- Last Refresh:
- Jun 12 at 2:06 am
Property Features for 1818 & 1820 Hobson Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Interior features
- Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric, Fan - Ceiling
- Exterior features
- Porch, Wheelchair Accessible
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Free-Standing Stove, Free-Standing Stove
- Standard status
- Active
- Size
- 2,104 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Description
- BLK 6 LOT PT 4
Building Details
- Year built
- 1956
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Wood
- Roof type
- Composition
- Architectural style
- Bungalow
Listing agent Sharon Tremor (501) 538-3885
Listing office McGraw Realtors - HSV 1060 Desoto Blvd., Hot Springs Village, AR (501) 922-0707
Listing date May 12, 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
- 10% CAP Rate: High return on investment.
- Two Single‑Family Homes on One Tax Roll: Potential for dual income streams.
- Income Over $2100 Monthly: Demonstrates strong current rental income.
- All Electric Conversion: Potential energy savings.
- Convenient Location: Near downtown amenities, Wal‑Mart, bus route, and West Mountain walking trails.
- Wheelchair Accessible and Accessible Approach with Ramp: Accommodates a wider range of tenants or residents.
Overview
The homes sit on a corner lot within a residential neighborhood. The listing notes proximity to downtown amenities and Wal-Mart, with access to a bus route. It is also described as being located up on West Mountain with access to walking trails.
For buyers and investors seeking a manageable setup, this pairing offers two separate residential layouts under one combined ownership. Because the property cannot be divided and both units are already rented, it may appeal to those looking to acquire income-generating housing with an existing tenant base while maintaining a clear, residential-style income profile.
Local 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 | $25.2k | $12.00 |
| − Vacancy | −$1.6k | −$0.78 |
| EGI | $23.6k | $11.22 |
| − OpEx | −$10.6k | −$5.05 |
| NOI | $13.0k | $6.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -93.083921
- Latitude
- 34.498618
