Four-Unit Quadplex with
For Sale
$475,000
3357 Malvern Avenue, Hot Springs, AR 71901
Multi-Family, Traditional, Hot Springs, AR
Property Size3,456 SF
Lot Size0.37 Acres
Price / SF$137.44
Days on Market54
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 6, Bathroom 3, Bedroom 8, Bedroom 7, Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 4
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
Tile, Carpet - Partial
Architectural style
Other
Listing Agency:
Anchor & Oak Realty Group
(501) 425-4515
Listed By:
Laura Finley · License #SA00084105
(501) 467-6956
Added: Aug 15
Changed: Sep 17
Last Checked: Oct 7 at 1:06PM
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.
The property comprises a 3,456-square-foot quadplex completed in 2009 on 0.37 acres. Each of the four units includes two bedrooms, one bathroom, a laundry room, and either a deck or patio. Interior details include tile and partial carpet flooring, ceiling fans, electric water heating, and washer and electric dryer connections. Kitchens are equipped with free-standing electric ranges.
All four residences are currently rented. The property has also been used as an Airbnb, and the configuration includes eight bedrooms and four bathrooms in total. Located at 3357 Malvern Avenue in Hot Springs, Arkansas, this residential income property offers four separately configured units within one building.
All four residences are currently rented. The property has also been used as an Airbnb, and the configuration includes eight bedrooms and four bathrooms in total. Located at 3357 Malvern Avenue in Hot Springs, Arkansas, this residential income property offers four separately configured units within one building.
Key Highlights
- Four‑unit quadplex built in 2009
- 3,456 square feet on 0.37 acres
- Each unit has 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
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Current Use
Lease Details
4
Residential units
100%
Occupancy
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Built in 2009, the property contains four residences with laundry connections and individual decks or patios.
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 quadplex built in 2009; 3,456 square feet on 0.37 acres; Each unit has 2 bedrooms and 1 bathroom
