29

Hot Springs, AR Multifamily Homes & Duplexes for Sale

Section Image Section Image
  • /15

    $1,299,000

    108 Calli Ln, Hot Springs National Park, AR 71913

    MULTI-FAMILY INVESTORS! 10 well-maintained rental units located in the center of town (behind the Walmart on Central Avenue). Situated within eye-shot of Lake Hamilton, this multi-family package is 100% occupied & currently grosses $11,300/mo. A total of 10 townhouse rental units - (6) 3BR/2.5BA single townhouses & (2) 3BR/2.5BA double townhouses. Lots of room to increase rents. Low expenses -

    Agent Photo

    Randy Whitehead

    ESQ. Realty Group

    (844) 660-1204

    108 Calli Ln, Hot Springs National Park, AR 71913
  • /50

    $550,000

    • 2,525 Sq Ft

    173 Barbary Rd Unit 433 & 434, Hot Springs, AR 71913

    PEACEFUL SETTING WITH MILLION DOLLAR VIEW! 5 bed, 2.5 bath lakefront home with an efficiency unit for guests. The home has upper and lower decks - perfect for enjoying the serene nature and beautiful sunrises and sunsets - and a covered boat slip and dock for upcoming lake days. Would make a fantastic STR, vacation home, or full-time home. Only 20 minutes to Downtown Hot Springs, Bathhouse Row,

    Agent Photo

    Nancy Bergeron

    Keller Williams Realty - Hot S

    (855) 620-0417

    173 Barbary Rd Unit 433 & 434, Hot Springs, AR 71913
  • /27

    $1,597,000

    5703 Central Ave, Hot Springs, AR 71913

    Great investment opportunity for a renovation and cash-flow or flip! These are priced at 48% of the most inexpensive condos in all of Garland County. Located directly on Central Ave and in the Lakeside School District, these condos are in one of the best locations in Hot Springs. There are 19 condos in the complex - 14 one bedrooms and 5 two bedrooms. The after repair value once renovated will be

    Greg Calaway Baxley-Penfield-Moudy Realtors

    5703 Central Ave, Hot Springs, AR 71913
  • /50

    $349,000

    118 Mimosa Point, Hot Springs National Park, AR 71913

    Investor Opportunity! Don’t miss this income-producing duplex located just across from Lake Hamilton in Hot Springs. Each spacious unit features 2 bedrooms—one unit with 2.5 baths, the other with 1.5 baths—plus generous living rooms, kitchens, and dining areas. With approximately 2,340 sq ft per unit, there’s plenty of space to attract quality tenants. Both units are available and ready for

    Tina Breshears McGraw Realtors

    118 Mimosa Point, Hot Springs National Park, AR 71913
  • /33

    $1,375,000

    • 3,800 Sq Ft

    168 Krause Ln Unit A & B, Hot Springs, AR 71913

    Welcome to your dream lakefront, NEW CONSTRUCTION home on Lake Hamilton! This is a perfect investment opportunity to purchase the entire unit to live in one side and rent the other! Located in the 7 South area of Central Avenue, these 3 bedroom, 2 bathroom homes offer an open concept floor plan with 11 foot ceilings. Step outside from the main living area or some of the lakefront bedrooms onto

    Tammy Browning Trademark Real Estate, Inc.

    168 Krause Ln Unit A & B, Hot Springs, AR 71913
  • /34

    $230,000

    • 2,490 Sq Ft

    939 Greenwood Ave, Hot Springs National Park, AR 71913

    Rare Multi-Unit Investment Opportunity on a Prime Corner Lot! This versatile property features the potential for four income-producing units on one parcel and two separate addresses—939 Greenwood Ave and 605 Summer Street—totaling approximately 2,490 sq ft of living space on a spacious corner lot. The main house at 939 Greenwood offers 1,115 sq ft, with 2 bedrooms and 1 full bath, showcasing a

    Jeffery Vaughn ESQ. Realty Group

    939 Greenwood Ave, Hot Springs National Park, AR 71913
  • /8

    $64,900

    • Studio
    • 1,452 Sq Ft

    122 Pullman Ave, Hot Springs National Park, AR 71901

    This duplex at 122 Pullman in Hot Springs is a fantastic investment opportunity with 1,452 total square feet. There are no tenants and ready for total renovations. New windows are waiting to be installed and are currently inside the property. Each unit features 1 bedroom, 1 bathroom, with promising rental potential in the Park area. Sold as-is with no repairs to be made.

    Susan Bariola McGraw Realtors - HS

    122 Pullman Ave, Hot Springs National Park, AR 71901
  • /38

    $399,900

    • Studio
    • 1,841 Sq Ft

    107 Bridgeview Cir, Hot Springs National Park, AR 71913

    Lake View Home with Separate Income-Producing Apartment! This versatile property offers the best of both worlds—ideal for single-family living or a multi-family setup. The main home features 1,445 sq ft with 3 bedrooms, 2 full baths, and breathtaking lake views from the main living areas. The separate 400 sq ft efficiency apartment includes its own private entrance, full kitchen, bathroom, and

    Donna McGhee Century 21 Parker & Scroggins Realty - Hot Springs

    107 Bridgeview Cir, Hot Springs National Park, AR 71913
  • /33

    $367,700

    • 2,420 Sq Ft

    802 & 802 A Lakeshore Dr, Hot Springs, AR 71913

    Here is your opportunity to purchase TWO homes selling as a package. Approx 2420 TOTAL sq feet (per assessor 1620 sq ft in the main improved home PLUS the newer sweet guest house with approx 800 ADDITIONAL sq feet) With 3 bedroom, 2 full baths & an amazingly large living area, the main house offers an open & inviting gathering space with vaulted ceiling & decorator nooks for showcasing your

    Lawana Whaley Lake Hamilton Realty, Inc.

    802 & 802 A Lakeshore Dr, Hot Springs, AR 71913
  • /38

    $290,000

    • 2,444 Sq Ft

    169 & 171 Crest St, Hot Springs, AR 71901

    Welcome to 169 & 171 Crest Ave, a truly unique and charming duplex located on a spacious lot with stunning views of the Hot Springs National Forest. This one-of-a-kind property is a must-see for investors and homeowners alike, offering exceptional rental income through various locked-in mid-term leases throughout the year. Whether you're looking to expand your investment portfolio or live in one

    Shaila Sharrock Partners Realty

    169 & 171 Crest St, Hot Springs, AR 71901
  • /50

    $275,000

    • Studio
    • 2,088 Sq Ft

    167 Crest St, Hot Springs National Park, AR 71901

    Discover this charming and beautifully updated duplex nestled right against the stunning Hot Springs National Forest—a rare find offering natural beauty, privacy, and investment potential. The upper unit, 167A, has been fully remodeled and features two spacious master bedrooms, each with its own ensuite bathroom and serene views of the forest ravine. Elegant touches like barn-style sliding doors

    Shaila Sharrock Partners Realty

    167 Crest St, Hot Springs National Park, AR 71901
  • /22

    $295,000

    • 1,817 Sq Ft

    1010 Greenwood Ave Unit & 101 Peculiar Alley, Hot Springs National Park, AR 71913

    Two city homes with extensive remodeling. From the roof down almost nothing hasn't been touched or completely remodeled/replaced. 1010 Greenwood is now a 4/2 home with a semi open concept. Feel free to measure. The upstairs is now living space. This home will have all the modern touches and amenities. This one is a work in process. Est completion is about 4-6 weeks. 101 Peculiar Alley is the

    Nikki Reed Crye-Leike, Hot Springs

    1010 Greenwood Ave Unit & 101 Peculiar Alley, Hot Springs National Park, AR 71913
  • /13

    $425,000

    • 5,075 Sq Ft

    627 Quapaw Ave, Hot Springs, AR 71901

    Introducing an exceptional opportunity in the historic district in Hot Springs, a fully occupied and well maintained three story, multifamily building within walking distance to downtown where entertainment, dining & shopping options abound. The charming apartment building offers six units, which comprise five one-bedroom and one two-bedroom apartments. Some recent updates worth mentioning

    Andrea Marks Hot Springs 1st Choice Realty

    627 Quapaw Ave, Hot Springs, AR 71901
  • /15

    $335,000

    • 2,688 Sq Ft

    429 Henderson St, Hot Springs National Park, AR 71913

    This multifamily property offers instant income with 2 fully occupied units. The duplex offers a combined total of 2688 sq ft with 8 bedrooms and 4 bathrooms, making it an ideal setting for substantial rental income. Located in the heart of Hot Springs and within walking distance to Oaklawn Racing & Casino. Currently, one-year leases secure a monthly income of $3,100. The duplex sits on a

    Andrea Marks Hot Springs 1st Choice Realty

    429 Henderson St, Hot Springs National Park, AR 71913
  • /38

    $290,000

    • Studio
    • 2,044 Sq Ft

    169 Crest St, Hot Springs, AR 71901

    Welcome to 169 & 171 Crest Ave, a truly unique and charming duplex located on a spacious lot with stunning views of the Hot Springs National Forest. This one-of-a-kind property is a must-see for investors and homeowners alike, offering exceptional rental income through various locked-in mid-term leases throughout the year. Whether you're looking to expand your investment portfolio or live in one

    Shaila Sharrock Partners Realty

    169 Crest St, Hot Springs, AR 71901
  • /18

    $1,750,000

    415 & 417 Morrison Unit Multiple addresses, Hot Springs, AR 71901

    Large package of residential properties located in Hot Springs and Magnet Cove. 13 buildings which include a total of 21 units. Grossing over $20,000 per month when at full occupancy. Some of the units remodeled in the past few years. 10 parcels located in Hot Springs in Garland County, 17 units, and 1 other parcel located in Magnet Cove in Hot Spring County, 4 units. Expenses may vary for each

    Rodney Bottoms Meyers Realty

    415 & 417 Morrison Unit Multiple addresses, Hot Springs, AR 71901
  • /34

    $439,500

    • 3,358 Sq Ft

    112 Goodner Ln Unit A & B, Hot Springs National Park, AR 71913

    Awesome duplex in a great location. Just a few blocks from the bypass. Close to shopping, restaurants and a quick trip over to Central Ave. Not currently rented. Owner is using side B and side A is being renovated. Should rent for $1500 side A and $1800 side B. New roof and gutters a few years ago and upstairs balcony was rebuilt recently on unit B

    Ivy Wood Hot Springs 1st Choice Realty

    112 Goodner Ln Unit A & B, Hot Springs National Park, AR 71913
  • /25

    $1,848,990

    • Studio
    • 1,614 Sq Ft

    102 & 106 Cheyenne St, Hot Springs, AR 71913

    102 & 106A/B Cheyenne St....105A/B & 109A/B Pocola Dr...Three new modern duplexes 3 Bedrooms / 2.5 Baths 1,614Sq.Ft. each unit, one brand-new 3 Bedroom / 2.5 Baths 1,622 Sq.Ft single-family house...Inviting open floor plan with 9' high ceilings .Polished granite countertops, high-end finishes for increased rental value. Each unit features back decks and fully fenced backyards. These units are set

    Melinda Hays Southern Homes Realty - Hot Springs

    102 & 106 Cheyenne St, Hot Springs, AR 71913
  • /27

    $1,848,990

    102 & 106 Cheyenne St Unit 105 & 109, Hot Springs, AR 71913

    102 & 106A/B Cheyenne St. and 105A/B & 109A/B Pocola Dr. Three new duplexes 3 Bedrooms / 2.5 Baths 1,614Sq.Ft. each unit, and one brand-new 3 Bedroom / 2.5 Baths 1,622 Sq.Ft single-family house. Modern contemporary design. Inviting, open floor plan with 9' high ceilings. Polished granite countertops, high-end finishes for increased rental value. Fully fenced backyard and relaxing back decks on

    Melinda Hays Southern Homes Realty - Hot Sp

    102 & 106 Cheyenne St Unit 105 & 109, Hot Springs, AR 71913
  • /20

    $320,000

    • Studio
    • 1,450 Sq Ft

    110 Palm St, Hot Springs, AR 71901

    Active licensed Short Term Rental! This 1920's Duplex has been completely renovated, furnished, and updated yet still holds the charm of historic Hot Springs. You or your tenants can have walking access to Parades, events and all that downtown has to offer.

    BRIAN HUGHES Evermark Realty Group, Inc.

    110 Palm St, Hot Springs, AR 71901
  • /49

    $1,375,000

    • 7,776 Sq Ft

    110 Mccurry Terrace, Hot Springs, AR 71913

    Turnkey 6-Unit Lakeside Investment Property – Renovated 2 Bed / 2 Bath Units on Lake Hamilton Discover an exceptional investment opportunity on the tranquil shores of Lake Hamilton in Hot Springs with this beautifully remodeled 6-unit duplex-style complex. Each of the six units is a spacious 2-bedroom, 2-bathroom layout spread across two levels, offering thoughtful design and comfort for both

    Shaila Sharrock Partners Realty

    110 Mccurry Terrace, Hot Springs, AR 71913
  • /34

    $512,000

    • 3,908 Sq Ft

    516 Hawthorne St, Hot Springs National Park, AR 71901

    Rare find, located up against West Mountain! 4 units all remodeled and rented for an easy transition to the new owner. Care was taken to maintain the charm of the orig. 1940 building while bringing in modern fixtures and appliances. New roof and many other upgrades. Quiet location close to downtown Hot Springs National Park, Bathhouse Row, Dining, Oaklawn Racing & Casino. No special

    Sharon Tremor McGraw Realtors

    516 Hawthorne St, Hot Springs National Park, AR 71901
  • /20

    $62,500

    111 Shadow Terrace, Hot Springs National Park, AR 71901

    Zoned M-1 (light Manufacturing). Centrally located duplex with tons of potential. These units are perfectly located between Historic downtown Hot Springs and Oaklawn Racetrack and Gaming. New roof and a great location. Do a little work and enjoy rental rewards.

    BRIAN HUGHES Evermark Realty Group

    111 Shadow Terrace, Hot Springs National Park, AR 71901
  • /23

    $117,500

    • 2,544 Sq Ft

    119 Rugg St, Hot Springs, AR 71901

    Enjoy beautiful views of the Hot Springs skyline from this 1930 duplex within walking distance of Bathhouse Row. Once a five-plex, This great build was converted to two huge units due to sprinkler system regulations in Hot Springs. The exterior has a new roof, new windows, new doors, and new paint. The upper unit is a 1536 sq' with 4 bedrooms and 3 baths. The lower unit is 1008 sq' and ready to

    BRIAN HUGHES Evermark Realty Group

    119 Rugg St, Hot Springs, AR 71901
  • /24

    $295,000

    • Studio
    • 2,021 Sq Ft

    118 Garland Ave, Hot Springs, AR 71913

    Investment Opportunity in Hot Springs! Income-producing quadplex in the heart of Hot Springs, AR! This property features three 1-bedroom, 1-bath units and one efficiency unit, all separately metered for electricity. This is a great opportunity for investors seeking steady cash flow. Gas and water are on a single meter. Show anytime except for the rented unit. Rented unit can be shown with an

    Sergio Convers - RE Consultant Capital Real Estate Advisors

    118 Garland Ave, Hot Springs, AR 71913
  • /27

    $425,000

    • 3,840 Sq Ft

    116 Manor Cir, Hot Springs, AR 71901

    This is a wonderful rental complex--It is Fully occupied and 1 resident has been there 12 yrs! It's very close to Bus Routes, Downtown Hot Springs and the Bypass. Owners provide water/trash and lawn service and tenants provide everything else... Out of state owners are going in a different direction and have decided to sell. RENT ROLL AVAILABLE TO QUALIFIED BUYERS! Fully occupied, 3 upstairs

    Kris Tortorice Lake Hamilton Realty, Inc.

    116 Manor Cir, Hot Springs, AR 71901
  • /50

    $479,000

    • 2,034 Sq Ft

    144 & 158 A&B Isaac Ln, Hot Springs, AR 71901

    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. Three (3) of four (4) units are currently

    Sean Edds Coldwell Banker RPM Group-HS

    144 & 158 A&B Isaac Ln, Hot Springs, AR 71901
  • /15

    $83,000

    131 Green Acres Cir Unit 2, Hot Springs National Park, AR 71913

    Prime Corner Lot with Unique Living Spaces and Exciting Potential Welcome to your next venture in versatile living! This corner lot offers an array of possibilities, from embracing the charm of Tiny House living to constructing your dream home. Situated conveniently in a central location near major amenities, this property boasts numerous improvements and utilities, making it an ideal canvas for

    Emilia D'Auteuil EXP Realty

    131 Green Acres Cir Unit 2, Hot Springs National Park, AR 71913
  • /25

    $525,000

    • 3,832 Sq Ft

    201 & 203 Parallel St, Hot Springs, AR 71901

    Two large duplexes just north of downtown Hot Springs! Four separate units in total, each with two bedrooms and one bathroom. All four units are permitted as short term rentals with the City of Hot Springs; however, two of the units are currently rented on a month-to-month basis at $1,300/mo. each. The units are being sold fully furnished, which makes this a turnkey rental property. The

    Beau Durbin ESQ. Realty Group

    201 & 203 Parallel St, Hot Springs, AR 71901

Why Live in Hot Springs

Hot Springs, Arkansas, known as "The Spa City," is steeped in history and natural beauty, drawing nearly 2.16 million visitors annually to its renowned Hot Springs National Park. This city of approximately 38,000 residents is famous for its 47 natural hot springs and historical significance as a neutral ground for Native American tribes and later, notorious figures like Al Capone. The city offers a mix of historic Victorian and Colonial Revival homes downtown, while waterfront condos and ranch-style houses are more common near Lake Hamilton. Hot Springs is home to several attractions, including the Oaklawn Racing Casino Resort, which hosts the Arkansas Derby, and Magic Springs Theme and Water Park, featuring rollercoasters and summer concerts. Bathhouse Row, with its historic bathhouses, provides a unique relaxation experience. The Lakeside School District and the Arkansas School for Mathematics, Sciences, and the Arts are highly rated educational institutions. The city is well-connected with Intracity Transit buses and is about 55 miles from Little Rock. Dining options include innovative takes on barbecue and classic American dishes, with a variety of retail boutiques and a year-round farmers market enhancing the local shopping scene. The climate features long, humid summers and the potential for spring tornadoes.

Home Trends in Hot Springs, AR

Housing Trends

Median Sale Price
$250,000
Median Single Family Sale Price
$275,000
Median Townhouse Sale Price
$470,000
Median 2 Bedroom Sale Price
$299,000
Median 1 Bedroom Sale Price
$175,000
Average Price Per Sq Ft
$189
Number of Homes for Sale
306
Last 12 months Home Sales
739
Months of Supply
5.00
Median List Price
$294,700
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
2%
How to Buy a Home How to Finance a Home How to Sell a Home