Hot Springs, AR Real Estate Search

Hot Springs, AR Multi-Family Homes for Sale

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Newest Hot Springs, AR Multi-Family Homes for Sale

$585,000
26028994 MLS
Turnkey Investment Opportunity-Package of Four Fulyl Renovated Single-Family Homes. Exceptional opportunity to acquire a package of four single family homes, each completely renovated from top to bottom down to the studs with no expense spared. Every property has undergone a full rehab with modern finishes and a clean, contemporary color palette throughout. Heat/Air units, plumbing, electric, insulated windows, doors, gutters with gutter screens, and all new interior and exterior finishes. Unit 1 is a 3/1 with approx 1323 SF ($1400/mo), Unit 2 is 3/1 with approx 1596 SF ($1400/mo), Unit 3 is 3/2 with approx. 1248SF ($1400/mo), unit 4 is 2/1 with approx 980 SF ($900/mo). Conveniently located near Central Ave/7S, downtown Hot Springs, Oaklawn Racing Casino Resort, shopping, dining, and area attractions. All four homes are currently leased with long term tenants in place, providing immediate cash flow. Tenants pay all utilities, minimizing owner expenses. Extensive renovations and capital improvements make this a true turnkey, low maintenance investment opportunity.

410,404,406,408 Charteroak Unit 1400.00, Hot Springs
$180,000
26025509 MLS
2 Single Family units, Fully RenTS 612 Oakcliff- 2/1 $850 mo. Remodeled 2021, 614 Oakcliff -4 bed 1.5 Bath 950mo, updated 2023, new roof, Agent Owned, Agents see remarks. Must sell together, city will not split the lot

612-614 Oakcliff Unit 800, Hot Springs
$1,500,000
26022741 MLS
Discover an exceptional income-producing property on the shores of beautiful Lake Hamilton. This unique waterfront resort features eight individual guest cottages plus a modern three-story owner’s residence that can also be utilized as a premium rental, creating multiple streams of revenue and endless possibilities for expansion. The charming cottages offer a variety of accommodations, including studio units, a lovely one bedroom with carport, & a spacious 2 bedroom right on the water. Making this property appealing to vacationers, weekend lake enthusiasts, and extended-stay guests alike. A covered two-slip boat dock & swim dock provide direct access to the lake, allowing guests to fully enjoy the waterfront lifestyle. The owner’s residence is thoughtfully designed with modern finishes and stunning lake views. The first level includes a one-car garage, bathroom, storage room for owner. It also includes private access to a dedicated laundry facility serving the resort guests. The second level features an inviting living area with contemporary touches, a fireplace,large walk-in closet, bedroom, bathroom & two private balconies overlooking the property. Cont'd in inner office rmrks.

352 Lakeland, Hot Springs
$1,250,000
26021697 MLS
Built in 2023, this exceptional investment offering features 3 ultra-modern duplexes, each thoughtfully designed with 3 bedrooms and 2.5 baths- alongside a single-family residence, offering 3 bedrooms and 2 baths. Every unit showcases a refined open-concept layout, complemented by custom cabinetry, granite countertops, stainless steel appliances, 9-foot ceilings and spacious walk-in closets. Ideally located near Lake Hamilton and within the highly regarded Lake Hamilton School District, this presents a rare blend of contemporary design, strong rental appeal and long-term growth potential. Please click the link in the virtual tour section to see a video tour of the properties. 102 Cheyenne St. is the address of the single-family residence. The duplex addresses are as follows: -105 Pocola Drive (Unit A) -105 Pocola Drive (Unit B) -109 Pocola Drive (Unit A) -109 Pocola Drive (Unit B) -106 Cheyenne Street (Unit A) -106 Cheyenne Street (Unit B)

105 & 109 Pocola Unit 1500.00, Hot Springs
$499,000
26021408 MLS
This is a fantastic opportunity to purchase your first multi-family property or expand your investment portfolio with a strong income-producing package. The property includes 1 duplex, 3 mobile homes and a large shop with covered areas that offer additional storage and/or rental income potential. With estimated potential rental income of approximately $5,600 per month, this property presents excellent cash flow opportunities. Four of the five units have been renovated, adding value and increasing tenant appeal. The property is partially fenced and features a mix of 1- and 2-bedroom units in a convenient location within walking distance to Dollar General and Harps Grocery. Situated in the highly sought-after Lakeside School District, this property is an outstanding investment opportunity with established income, added amenities, and room for continued growth.

166,168,172,176 Long Beach, Hot Springs
$455,000
26020275 MLS
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.

500 Burchwood Bay, Hot Springs
$425,000
26020021 MLS
Don’t miss your chance to own this cash-flowing turnkey duplex in one of Hot Springs’ most desirable locations! Fully occupied with reliable tenants and a proven rental history, this income-producing property is an excellent opportunity for investors looking to grow their portfolio or buyers wanting to take advantage of a smart house hack opportunity. With separate entrances, private living spaces, and individual garages for each unit, this property offers the flexibility and features tenants love. The upstairs unit is filled with character and natural light, featuring vaulted ceilings, a cozy fireplace, built-ins in the kitchen area, a spacious 2 bed/2 bath layout, plus a fenced backyard and back deck perfect for entertaining. Downstairs offers an additional 2 bed/1 bath setup complete with a full kitchen, built-in shelving, laundry room, and private feel throughout. Situated on a beautiful corner lot just minutes from Oaklawn, hospitals, shopping, and restaurants, this is the kind of investment opportunity that doesn’t come around often. Some pictures featured are from when it was not occupied.

122 Havelock, Hot Springs
$485,000
26020019 MLS
Modern, stylish, & income-producing — this updated duplex located at 173 Hershell Road is a rare turnkey opportunity outside city limits with flexibility for long-term or nightly rentals. Each unit features 4 bedrooms, 2 full baths, and 2 half baths, offering spacious layouts designed for comfortable living and strong rental appeal. Thoughtfully renovated with today’s buyer & renter in mind, the property features updated flooring, fresh modern paint selections, refreshed kitchens with beautifully updated cabinetry, upgraded bathrooms with new vanities and toilets, updated lighting and fixtures, new exterior doors, and appliances included. Major system upgrades include a newer roof installed in 2023 and a brand-new HVAC system in 2025, offering both style and peace of mind. Both units are currently occupied, providing immediate rental income and making this an excellent turnkey investment opportunity. Whether you’re looking to expand your investment portfolio or searching for a high-performing income-producing property, this duplex offers versatility, modern updates, generous living space, and turnkey convenience all in one.

173 A & B Hershell, Hot Springs
$200,000
26019184 MLS
10% CAP RATE Incredible find for 2 single family homes on one tax roll! 100k per home and each have new flooring, stabilization, new windows, appliances, kitchen and bath upgrades. 2 bedroom 1 bath (891 sq ft) and 3 bedroom 2 bath (1213 sq ft). ALL ELECTRIC conversion for less monthly layout. Corner lot in residential neighborhood, near downtown amenities, Wal-Mart, bus route, bypass and best of all it is located up again West Mountain with access to walking trails! Where Little Chicago starts in established residential neighborhood. Income is over $2100.00 monthly currently.

1818 & 1820 Hobson, Hot Springs
$1,999,999
26016564 MLS
7 Renovated and well-maintained units located in Central Hot Springs. This multi-family package is 100% occupied and grosses ~$15k per month. Units consist of (6) 3BR/2BA duplexes and (1) 2BR/2BA duplex with garage. Tenants pay all utilities. All 7 units with new roofs in 2023. All units received upgrades including new appliances, new central heat/air, new floors and fixtures. Owner is licensed real estate agent.

100-107 Calli, Hot Springs
$1,750,000
26015125 MLS
Turnkey Short-Term Rental Investment! 8 fully furnished cabins- 4 measuring 1,308 sq. ft. and 4 measuring 1,008 sq. ft. Each cabin is beautifully decorated and completely turnkey, offering everything needed for immediate rental income. Located just minutes to Garvan Woodland Gardens and the Fish Hatchery public boat ramp to Lake Hamilton, this property combines convenience with the natural beauty of Hot Springs. Enjoy a cozy fire pit area and plenty of space to add a pavilion or additional amenities. A rare opportunity to own a ready to go investment in one of Arkansas's top vacation destinations! Financials available. Call today to schedule your showing!

2777 Highway 290, Hot Springs
$289,000
26014055 MLS
Income-producing quadplex located in the heart of Hot Springs, AR. This multi-unit property features a total of four units, including three (3) 1-bedroom, 1-bath units and one efficiency unit, providing a versatile rental mix that appeals to a wide range of tenants. Each unit is separately metered for electricity, allowing tenants to cover their own electric usage, while gas and water are on a shared meter, helping simplify management and expenses. The property’s layout and unit configuration make it ideal for both long-term rentals and potential short- to mid-term rental strategies, depending on investor goals. Conveniently located near downtown Hot Springs, this property offers easy access to local shopping, dining, entertainment, and area attractions, increasing its desirability and occupancy potential. Its central location and consistent rental demand make it a strong addition to any investment portfolio. Whether you are expanding your portfolio or entering the rental market, this quadplex offers solid income potential, a desirable location, and the opportunity to maximize returns with strategic management and rental optimization.

118 Garland Ave, Hot Springs
$150,000
26012991 MLS
City duplex just a few blocks from Oaklawn Race Track. Easy rental income. Both sides have yards and off street parking. Pictures are of 1505 7th St. 429 Henderson St is currently occupied. Lot to the right of 1505 conveys.

429 Henderson, Hot Springs
$235,000
26010798 MLS
4-Plex! This four-unit apartment building is a prime investment opportunity with strong income potential. One unit and common areas have been updated and remodeled, featuring modern finishes, new HVAC systems, and upgraded electrical, etc. These units feature a lot of space with high ceilings making them feel even larger! You have a 2/2, 2/1, 1/1 and 1/1 with a common washer and dryer space for the tenants to share. The remaining units have rehab started and await finishing touches. With income already flowing and further value-add potential, this is a must-see for investors seeking immediate returns and long-term growth. Make an offer today and add this one to your property list!

124 Dawer, Hot Springs
$445,000
26008735 MLS
Attention Investors and Developers! All property on right side of Isaac Lane for sale, including House with 2 Bedroom 1 Bath Unit upstairs and 2 Bedroom, 1 Bath Downstairs that are separated. Main house roof was replaced in 2020. There is also a Duplex with 2 Bedroom and 1 Bath on each side that mirror each other. Duplex roof was replaced in July of 2023. ALL units are currently rented This gracious 5+ Acres has many other possible home sites, including incredible hilltop setting nestled in the woods at end of Isaac.

144 & 158 A&B Isaac Lane Unit 900, Hot Springs
$610,000
25049817 MLS
TURNKEY INVESTMENT OPPORTUNITY - 6 UNITS IN LAKESIDE SCHOOL DISTRICT! This income-producing property features six rental units across three duplex buildings and offers immediate cash-flow potential. Current gross annual rental income is approximately $61,907, with tenants responsible for utilities. At the current asking price $610,000.00, the property offers an approximate gross yield of 10.15% and a price per unit of approximately $101,667. Professionally managed with established rental history, this property presents an attractive opportunity for investors seeking both current income and long-term appreciation potential. In addition to its current income stream, the property presents potential value-add and future expansion opportunities (buyer to verify), offering investors the ability to further enhance returns over time. Conveniently located in the highly desirable Lakeside School District. Rent roll, lease information, and income/expense details available upon request.

812 Shady Heights, Hot Springs
$1,200,000
25046303 MLS
Two occupied homes on the property. One is 3/2, 1395 SF, built in 1958 (1369 Airport Rd) Second is 2/1, 1131 SF, built in 1942 (108Lancaster) However the main value is in the land for commercial development. located just over the 70W bridge. Highly visible with approx. 338ft.+/- of HWY 70W frontage. Surrounded by 3 roads for optimal ingress/egress. Survey on file, 3 parcels total 1.92 acre MOL. Property includes 5 structures (3 homes, small shop, metal building) each with electric, city water, and septic. City sewer is available on Lancaster. 2021 ARDOT Traffic Count of 35,000 cars per day. Convenient to restaurants, shopping, and all Hot Springs has to offer. Being approx. 1 mile from the bypass, there are a plethora of business opportunities awaiting you!

1347,1349,1369 Airport, Hot Springs
$215,000
25044805 MLS
Almost 2 acres in LHSD! Excellent Income Producing with room to Grow! This property features a 1 bedroom home and a 3 bedroom home along with a large detached shop. Plenty of room for additional houses or storage buildings.

314 Marion Anderson Unit 850, Hot Springs
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