Fully renovated and fully furnished four-unit investment property located in a well known area across from Sam’s Pizza and within eyeshot of Lake Hamilton. Property includes a renovated 2BR/1BA unit, updated 1BR/1BA unit and two remodeled efficiency units, all featuring modern interiors and separate short-term rental licenses. One long-term tenant currently in place provides immediate income, while the remaining units offer flexibility for STR, mid-term or traditional rentals. Turnkey opportunity with strong income potential in a prime Hot Springs location.
PKG Single Family
Multi-familyProperty Type
1960Year Built
0.4 acresLot Size
$180Price/Sq.Ft.
Listed by Beau Durbin• ESQ. Realty Group - Hot Springs
Fully renovated and fully furnished four-unit investment property located in a well known area across from Sam’s Pizza and within eyeshot of Lake Hamilton. Property includes a renovated 2BR/1BA unit, updated 1BR/1BA unit and two remodeled efficiency units, all featuring modern interiors and separate short-term rental licenses. One long-term tenant currently in place provides immediate income, while the remaining units offer flexibility for STR, mid-term or traditional rentals. Turnkey opportunity with strong income potential in a prime Hot Springs location.
CARMLS #26020275
Aug 14, 2026
Price Changed
$445,000
$180/sq ft
Jul 1, 2026
Price Changed
$455,000
$184/sq ft
May 13, 2026
Listed
$495,000
$201/sq ft
HSBOR #2
Apr 10, 2026
Price Changed
$499,000
$202/sq ft
CARMLS #26006946
May 7, 2026
Listing Removed
—
Apr 10, 2026
Price Changed
$499,000
$202/sq ft
Feb 17, 2026
Listed
$549,000
$222/sq ft
CARMLS #25010932
Jul 1, 2025
Listing Removed
—
Mar 21, 2025
Listed
$499,500
$202/sq ft
CARMLS #24011932
Mar 6, 2025
Listing Removed
—
Apr 11, 2024
Price Changed
$469,500
$190/sq ft
Apr 9, 2024
Listed
$459,000
$186/sq ft
HSBOR #1
Apr 9, 2024
Price Changed
$469,500
$190/sq ft
CARMLS #23000672
Jul 7, 2023
Listing Removed
—
Jan 6, 2023
Listed
$459,000
$186/sq ft
CARMLS #20029064
May 3, 2021
Sold
$180,000
$73/sq ft
Mar 17, 2021
Listing Removed
—
Mar 17, 2021
Contingent
—
Sep 15, 2020
Listed
$200,000
$81/sq ft
CARMLS #10337657
Mar 14, 2013
Listing Removed
—
Jan 14, 2013
Listed
$155,000
$63/sq ft
Public Records
Aug 31, 2010
Sold
$145,000
$59/sq ft
Public Records
Apr 28, 2008
Sold
$143,000
$58/sq ft
Public Records
Feb 15, 1991
Sold
$70,000
$28/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,501 (−1.3%)
$4,500 + $28,710
$33,210
2024
$1,521 (+1.3%)
$4,500 + $28,710
$33,210
2023
$1,501
$4,500 + $28,710
$33,210
2022
$1,501 (+25.6%)
$4,500 + $28,710
$33,210
2021
$1,195
$4,500 + $28,710
$33,210
2020
$1,195
$7,200 + $18,950
$26,150
2018
$1,195 (−4.6%)
$7,200 + $18,950
$26,150
2017
$1,253 (+16.3%)
$7,200 + $18,950
$26,150
2016
$1,078 (+10.7%)
$7,200 + $18,950
$26,150
2015
$974
$4,950 + $18,640
$23,590
2013
$974
$4,950 + $18,640
$23,590
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
2
Lot width
100 ft.
Lot depth
140 ft.
Lot size
0.36 Acres
Year renovated
1990
Finished Sq. Ft.
1,540
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,540
Year built
1960
Style
Multi-Family (2-4 Unit)
County
Garland County
APN
16244
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
RN-1
Residential Neighborhood 1 District
The RN-1 Residential Neighborhood 1 District is intended to accommodate a pattern of single-family development characterized by relatively large lots of 10,000 square feet or more in lot area. The RN-1 District also accommodates select, compatible nonresidential uses.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Infrastructure
Bed & breakfast
Educational/school
Fire house
Police station
Park & open space
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 111° expected this year, 21 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
65
80
56
68
48
56
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
97/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 19% for direct sun exposure in Hot Springs. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 500 Burchwood Bay Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More