Four-Unit Multifamily
For Sale
$475,000
3357 Malvern Avenue, Hot Springs, AR 71901
Income-producing residential property with consistent layouts, private outdoor areas, and laundry rooms in every unit.
Property Size3,456 SF
Price / SF$137.44
Days on Market46
Property Features for 3357 Malvern Avenue
General Information
Standard status
Active
Size
3,456 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
laundry room
deck or patio
Building Details
Year Built
2009
Buildings
1
Tenancy
Multi
Listing Agency:
Anchor & Oak Realty Group
(501) 425-4515
Listed By:
Laura Finley · License #SA00084105
(501) 467-6956
Source:
Arprorealty
Added: Aug 25
Changed: Sep 8
Last Checked: Oct 7 at 11:58AM
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 Anchor & Oak Realty Group
Investment Insights
Based on property information with market context.
Located at 3357 Malvern Ave in Hot Springs, Arkansas, this four-unit multifamily property was built in 2009. Each residence includes 2 bedrooms, 1 bathroom, a laundry room, and either a deck or patio, creating a consistent configuration across the building.
All units are currently rented, while the next owner will establish future lease terms. The property has also been used as an Airbnb, providing an additional documented operating format. Its four-unit arrangement can support an owner-occupant seeking to live in one residence while leasing the others, subject to applicable requirements and lease decisions.
All units are currently rented, while the next owner will establish future lease terms. The property has also been used as an Airbnb, providing an additional documented operating format. Its four-unit arrangement can support an owner-occupant seeking to live in one residence while leasing the others, subject to applicable requirements and lease decisions.
Key Highlights
- Four‑unit multifamily property built in 2009
- All units are currently rented
- Each unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,825
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
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
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 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
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
45
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing residential property with consistent layouts, private outdoor areas, and laundry rooms in every unit.
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: Four‑unit multifamily property built in 2009; All units are currently rented; Each unit includes 2 bedrooms and 1 bathroom
