Duplex with Detached
For Sale
$215,000
Hot Springs, AR 71913, Hot Springs, AR 71913
Multi-Family, Hot Springs, AR
Property Size1,596 SF
Lot Size1.70 Acres
Price / SF$134.71
Days on Market336
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1
Parking features
Garage, Carport
Appliances
Gas Range, Dishwasher, Refrigerator-Stays, Gas Range, Dishwasher, Refrigerator-Stays
Lot features
Sloped, Rural Property, Creek, Wooded, Not in Subdivision, Out of City
Elementary school
Lake Hamilton
Middle school
Lake Hamilton
High school
Lake Hamilton
Subdivision
Metes & Bounds
Standard status
Active
Size
1,596 SF
Lot size
1.70 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1447
Utilities
Water front features
Creek
Building Details
Year built
1945
Floors in Building
1
Number of units
2
Roof type
Metal
Listing Agency:
Partners Realty
(501) 359-3333
Listed By:
Cody Smith
(501) 627-6441
Added: Nov 7, 2025
Changed: Oct 8
Last Checked: Oct 9 at 8:06AM
MLS# 25044805
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 duplex property comprises two homes: one with a bedroom and one with three bedrooms. The combined property size is 1,596 square feet. A detached shop, garage, and carport provide additional on-site space. The property was built in 1945 and has a metal roof.
The 1.7-acre parcel includes creek frontage. Both homes have a gas range, dishwasher, and refrigerator.
The 1.7-acre parcel includes creek frontage. Both homes have a gas range, dishwasher, and refrigerator.
Key Highlights
- Two homes: one‑bedroom and three‑bedroom layouts
- 1,596 square feet of property size
- 1.7‑acre parcel with creek frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,541
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,820
$210.8K
Cap Rate 7%
$150,586
$150.6K
Cap Rate 9%
$117,122
$117.1K
Market Conditions
NOI Build-Up for 1,596 SF
Gross rent
$16.3K $10.20/SF
− Vacancy
−$1.2K −$0.77/SF
EGI
$15.1K $9.44/SF
− OpEx
−$4.5K −$2.83/SF
NOI
$10.5K $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%
$210,820
Cap Rate 7%
$150,586
Cap Rate 9%
$117,122
Alternative Uses
Best Use
Multifamily LT 5
$150.6K
$131.8K – $175.7K
NOI $10,541 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$140.7K
$123.1K – $164.2K
NOI $9,849 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$291.9K
$255.4K – $340.5K
NOI $20,431 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes offer one- and three-bedroom layouts on a 1.7-acre parcel.
Where is this duplex located?
The property is located at Hot Springs, AR.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two homes: one‑bedroom and three‑bedroom layouts; 1,596 square feet of property size; 1.7‑acre parcel with creek frontage
