$1,275,000
$175K PRICE DROP

Estimated payment $7,275/month

Total Views 3,733
-- Bed
-- Bath
7,776 Sq Ft
$164 Price per Sq Ft

Highlights

  • Lake Front
  • 0.82 Acre Lot
  • Community Lake
  • Lake Hamilton Elementary School Rated 9+
  • River Nearby
  • Traditional Architecture

About This Home

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 long-term tenants and vacation guests. Every unit has been fully updated with modern finishes, including new appliances, contemporary kitchens, stylish bathrooms, fresh flooring, and upgraded fixtures—making this a true turnkey opportunity. Two of the units feature private fenced-in yards, perfect for tenants seeking extra outdoor space, while the remaining four units boast gorgeous, direct lake views. All residents enjoy shared access to a scenic boardwalk, fire pit area, and high-speed internet, enhancing both livability and vacation appeal. With potential monthly income of $2,100 per unit, the property could generate up to $12,600/month when fully optimized, offering a strong return as-is or even greater upside if converted into mid-term or short-term rentals (Airbnb).

Listing Agent

Shaila Sharrock

Partners Realty Listed on: 04/06/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,579

Year Built

  • Built in 1996

Lot Details

  • 0.82 Acre Lot
  • Lake Front

Home Design

  • Triplex
  • Traditional Architecture
  • Slab Foundation
  • Architectural Shingle Roof
  • Metal Siding

Interior Spaces

  • 7,776 Sq Ft Home
  • 2-Story Property
  • Tile Flooring
  • Lake Views
  • Electric Range

Parking

  • Carport
  • Parking Pad

Schools

  • Lake Hamilton High School

Additional Features

  • River Nearby
  • Outside City Limits
  • Central Heating and Cooling System

Community Details

  • 6 Units
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 100-12299-000C

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,579

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Traditional
  • Lake: Yes
  • Lake Name: Hamilton
  • LVT Date: 04/08/2025
  • Price Per Sq Ft: 163.97
  • Road Surface: Paved
  • Street Designation: Terrace
  • Type: Triplex
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Source Of Sq Ft: Tax Records
  • Estimated Year Built: 1996
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1996

Interior Features

  • Floors: Tile
  • Foundation: Slab
  • Stories: Two Story
  • Kitchen Equipment: Electric Range

Exterior Features

  • Exterior: Metal/Vinyl Siding
  • Roof: Architectural Shingle

Garage/Parking

  • Garage/Parking: Carport, Parking Pads

Utilities

  • Utilities: Sewer-Public, Water-Public, Electric-Municipal, Gas-Natural
  • Heating And Air Cond: Central Cool-Electric, Central Heat-Electric

Schools

  • High School: Lake Hamilton

Lot Info

  • Estimated Lot Size: 0.82
  • Estimated Lot Size: 35719
  • Lot: Not In Subdivision, Out Of City, River/Lake Area, Lake View, Lake Front, Waterfront
  • Geo Subdivision: AR
  • Parcel Number: 100-12299-000C

Rental Info

  • Lease Type: Monthly

Multi Family

  • Annual Expenses: 10000
  • Tenant Expenses: Water
  • Maximum Rent Two Bedroom: 2200
  • Minimum Rent Two Bedroom: 1500
  • Number Of Two Bedroom Units: 6
  • Number Units: 6

Tax Info

  • Annual Taxes: 4579.11
  • Year: 2024

MLS Schools

  • HighSchool: Lake Hamilton

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 Price Changed $1,275,000 -7.3% $164 / Sq Ft
05/13/2025 05/13/25 Price Changed $1,375,000 -5.2% $177 / Sq Ft
04/08/2025 04/08/25 For Sale $1,450,000 -- $186 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

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Source: Cooperative Arkansas REALTORS® MLS

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Cooperative Arkansas REALTORS® MLS