Four-Unit Multifamily
New
For Sale
$475,000
3357 Malvern Avenue, Hot Springs, AR 71901
MULTI_FAMILY - Hot Springs, AR
Property Size3,456 SF
Lot Size0.37 Acres
Price / SF$137.44
Days on Market6
Property Features for 3357 Malvern Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 3, Bedroom 8, Bedroom 6, Bathroom 2, Bathroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 7, Bedroom 1, Bedroom 2
Interior features
Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric, Balcony/Loft, Fan - Ceiling
Appliances
Free-Standing Stove, Electric Range, Free-Standing Stove, Electric Range
Subdivision
Lakewood
Lot features
Level
Elementary school
Lakeside
Middle school
Lakeside
High school
Lakeside
Directions
From Lakeside School, turn left going towards Malvern, property on left, look for sign.
Standard status
Active
Size
3,456 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lot 6 of Lakewood SD
Tax Annual Amount
3797
Legal Description
Lot 6 of Lakewood SD
Amenities
laundry room
deck or patio
Building Details
Year built
2009
Floors in Building
2
Number of units
4
Flooring type
Carpet - Partial, Tile
Architectural style
Other
Listing Agency:
Anchor & Oak Realty Group
(501) 425-4515
Listed By:
Laura Finley · License #SA00084105
(501) 467-6956
Added: Aug 15
Last Checked: Aug 20 at 7:06AM
MLS# 26033403
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 fourplex contains 3,456 square feet across four residences, each configured with two bedrooms and one bathroom. The units include laundry rooms, washer and electric dryer connections, electric water heaters, ceiling fans, and a combination of carpet and tile flooring. Deck or patio space is provided with each residence. Built in 2009, the property is currently leased in full.
The property occupies 0.37 acres at 3357 Malvern Avenue in Hot Springs, Arkansas. Its four-unit configuration supports a range of ownership and occupancy arrangements, including the prior use of the property for Airbnb stays.
The property occupies 0.37 acres at 3357 Malvern Avenue in Hot Springs, Arkansas. Its four-unit configuration supports a range of ownership and occupancy arrangements, including the prior use of the property for Airbnb stays.
Key Highlights
- Fourplex with 3,456 square feet on 0.37 acres
- Four residences, each with 2 bedrooms and 1 bathroom
- All units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,825
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$456,500
$456.5K
Cap Rate 7%
$326,071
$326.1K
Cap Rate 9%
$253,611
$253.6K
Market Conditions
NOI Build-Up for 3,456 SF
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.
Gross rent
$35.3K $10.20/SF
− Vacancy
−$2.6K −$0.77/SF
EGI
$32.6K $9.44/SF
− OpEx
−$9.8K −$2.83/SF
NOI
$22.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$456,500
Cap Rate 7%
$326,071
Cap Rate 9%
$253,611
Alternative Uses
Best Use
Multifamily LT 5
$326.1K
$285.3K – $380.4K
NOI $22,825 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$304.7K
$266.6K – $355.5K
NOI $21,327 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$632.0K
$553.0K – $737.4K
NOI $44,242 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Explore this area
Business Placement
Demographics for 71901, AR
29,363
Population
14,952
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
88%
High-School Grad
101.9 sq mi
ZIP Area
288
Density / Sq Mi
$52,410
Median Household Income
$35,604
Median Earnings
$797
Median Rent
$173,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers a two-bedroom, one-bath layout with laundry connections and outdoor space.
Where is this quadplex located?
The property is located at 3357 Malvern Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Fourplex with 3,456 square feet on 0.37 acres; Four residences, each with 2 bedrooms and 1 bathroom; All units are currently rented
