Discover a fantastic investment opportunity with this 10-unit apartment complex located near the lake in beautiful Hot Springs, Arkansas. Situated in the highly regarded Lake Hamilton School District, this property features ten spacious 2-bedroom, 1-bath units. Each unit offers a comfortable layout with strong rental potential, currently achieving a maximum rent of $750 per month. The complex's proximity to the lake adds to its appeal, making it attractive to tenants and investors alike. All units are metered separately, and tenants are responsible for all utilities. With steady rental income and potential for future appreciation, this property is a smart addition to any portfolio. Showings are available by appointment only.
Type: Apartments
Multi-familyProperty Type
2009Year Built
0.46 acresLot Size
$84Price/Sq.Ft.
Listed by Falicia Samuels• Crye*Leike Pro Elite Realty
Bought with Andrea Marks• Hot Springs 1st Choice Realty
Discover a fantastic investment opportunity with this 10-unit apartment complex located near the lake in beautiful Hot Springs, Arkansas. Situated in the highly regarded Lake Hamilton School District, this property features ten spacious 2-bedroom, 1-bath units. Each unit offers a comfortable layout with strong rental potential, currently achieving a maximum rent of $750 per month. The complex's proximity to the lake adds to its appeal, making it attractive to tenants and investors alike. All units are metered separately, and tenants are responsible for all utilities. With steady rental income and potential for future appreciation, this property is a smart addition to any portfolio. Showings are available by appointment only.
CARMLS #25014000
Aug 22, 2025
Sold
$700,000
$84/sq ft
Jul 16, 2025
Relisted
—
Jul 10, 2025
Listing Removed
—
Jun 22, 2025
Contingent
—
Jun 16, 2025
Relisted
—
Jun 4, 2025
Contingent
—
May 28, 2025
Relisted
—
May 7, 2025
Contingent
—
Apr 9, 2025
Listed
$850,000
$102/sq ft
CARMLS #23017264
Oct 31, 2023
Listing Removed
—
Jun 7, 2023
Listed
$900,000
$108/sq ft
CARMLS #23008160
Jun 2, 2023
Listing Removed
—
Mar 17, 2023
Listed
$850,000
$102/sq ft
RENT. #1
Mar 4, 2022
Price Changed
$700
$0/sq ft
HSBOR #118714
Oct 27, 2017
Sold
$565,000
$68/sq ft
Sep 27, 2017
Listed
$619,000
$74/sq ft
CARMLS #17021062
Nov 15, 2017
Sold
$565,000
$68/sq ft
Sep 28, 2017
Pending
—
Jul 13, 2017
Listed
$619,000
$74/sq ft
NWARMLS #AV17-200
Jan 23, 2017
Sold
$565,000
$68/sq ft
Jan 22, 2017
Listed
$615,000
$74/sq ft
CARMLS #16020433
Jan 7, 2017
Listing Removed
—
Dec 30, 2016
Contingent
—
Dec 28, 2016
Pending
—
Dec 12, 2016
Relisted
—
Nov 30, 2016
Pending
—
Oct 28, 2016
Price Changed
$599,000
$72/sq ft
Jul 8, 2016
Listed
$619,000
$74/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
—
Baths
—
Stories
—
Lot width
100 ft.
Lot depth
200 ft.
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Garland County
APN
—
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Apr 10, 2023.
Property details
Parking
Parking Information
Garage: Parking Pads
Interior
Room Information
Kitchen Equipment: Electric Range, Refrigerator Stays
Interior Features
Floors: Laminate
Heating & Cooling
Central Cooling (Unspecified), Central Heat (Unspecified)
Multi-Unit Information
Tenant Expenses: All Utilities
Expenses Included: Taxes, Maintenance/Lawn Care
# of Units: 10
# of Units (2 Bedroom): 10
Minimum Rent (2 Bedroom): $635
Maximum Rent (2 Bedroom): $750
Exterior
Building Information
Exterior: Brick
Foundation: Slab
Approx Building Sq. Ft.: 8,352
Exterior Features
Roof: Pitch
Road Surface: Paved
Lot Information
Approx Lot Size: 19994
Approx Acreage: 0.46
Source of Acreage: Tax Records
Inside City Limits
Sq. Ft. Source: Tax Records
Lot Description: Corner Lot
Will Subdivide: No
Zoning: R-3
Financial
Tax Information
Annual Taxes: $5,648.45
Tax Year: 2024
Utilities
Utility Information
Utilities: Sewer (Public)
Location
Location Details
County: Garland
City: Hot Springs
Subdivision: Douglas #1
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Garland County
APN: —
Home facts updated by county records on Apr 9, 2023
Around this home
Schools
Lake Hamilton Elementary School
Public 2-3 • Assigned • 4.3mi
9/10
Lake Hamilton Middle School
Public 6-7 • Assigned • 4.2mi
6/10
Lake Hamilton High School
Public 10-12 • Assigned • 4.4mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 110° expected this year, 20 days in 30 years
4/10 Wind Factor
10% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Hot Springs, AR • 71913
Average low and high temperatures (°F)
50
31
60
39
73
50
78
58
80
62
89
73
95
75
92
70
87
66
80
56
68
48
56
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.7 hours in
June and 5.1 hours in December, placing it above the
U.S. average for solar exposure.