Four-Unit Quadplex with Outdoor
For Sale
$475,000
3357 Malvern Rd, Hot Springs, AR 71901
Currently rented residences feature private laundry areas and individual decks or patios.
Property Size3,456 SF
Price / SF$137.44
Days on Market56
Property Features for 3357 Malvern Rd
General Information
Standard status
Active
Size
3,456 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,797
Amenities
laundry room
deck/patio
Building Details
Year Built
2009
Listing Agency:
Anchor & Oak Realty Group
(501) 425-4515
Listed By:
Laura Finley · License #SA00084105
(501) 467-6956
Source:
Exprealty
Added: Aug 15
Changed: Sep 17
Last Checked: Oct 7 at 12:28PM
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.
This four-unit residential income property contains 3,456 square feet and was built in 2009. Each residence offers two bedrooms, one bathroom, a laundry room, and either a deck or patio, creating a consistent configuration across the building.
All four units are currently rented, while future lease terms will be established by the new owner. The property has also been used as an Airbnb, providing a documented short-term rental history in addition to its current long-term occupancy. Located at 3357 Malvern Rd in Hot Springs, Arkansas, the quadplex offers a residential income format with the option for an owner to occupy one unit while retaining the others as rentals.
All four units are currently rented, while future lease terms will be established by the new owner. The property has also been used as an Airbnb, providing a documented short-term rental history in addition to its current long-term occupancy. Located at 3357 Malvern Rd in Hot Springs, Arkansas, the quadplex offers a residential income format with the option for an owner to occupy one unit while retaining the others as rentals.
Key Highlights
- Four‑unit quadplex with 3,456 square feet
- Built in 2009
- All units currently rented
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
Check the figures for this property
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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 - Currently rented residences feature private laundry areas and individual decks or patios.
Where is this quadplex located?
The property is located at 3357 Malvern Rd 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 with 3,456 square feet; Built in 2009; All units currently rented
