627 Quapaw Ave Hot Springs, AR 71901
Downtown Hot Springs NeighborhoodEstimated payment $2,499/month
Total Views
2,915
7
Beds
6
Baths
5,075
Sq Ft
$84
Price per Sq Ft
Highlights
- Covered patio or porch
- Floor Furnace
- Level Lot
About This Home
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 include electrical, plumbing, paint, appliances and expansive back porches on the upper floors. The enticing investment offers a gross income of $4,330 a month with the potential to generate more. The owner currently manages utilities including electricity, gas, and water, ensuring a hassle-free experience for tenants. A substantial parking area at the rear gives ample space for residents, which is a coveted amenity in this bustling area. Please respect the privacy of the current residents by not visiting the property unannounced. The tenants, with the exception of one, have been there over a year, and some over five years. This building promises to be a cornerstone in any real estate collection. Don't let this opportunity be the one that got away. Contact agent for more information.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $1,767
Year Built
- Built in 1930
Lot Details
- 0.31 Acre Lot
- Level Lot
Home Design
- Combination Foundation
- Frame Construction
- Composition Roof
Interior Spaces
- 5,075 Sq Ft Home
- 3-Story Property
- Stove
Outdoor Features
- Covered patio or porch
Utilities
- Window Unit Cooling System
- Floor Furnace
- Wall Furnace
- Window Unit Heating System
Community Details
- 6 Units
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/09/2025 06/09/25 | Price Changed | $425,000 | -7.6% | $84 / Sq Ft |
| 05/15/2025 05/15/25 | Price Changed | $460,000 | -28.1% | $91 / Sq Ft |
| 05/15/2025 05/15/25 | For Sale | $640,000 | +94.5% | $126 / Sq Ft |
| 08/31/2022 08/31/22 | Sold | $329,000 | -5.7% | $71 / Sq Ft |
| 07/01/2022 07/01/22 | Pending | -- | -- | -- |
| 06/28/2022 06/28/22 | For Sale | $349,000 | -- | $75 / Sq Ft |
Source: Cooperative Arkansas REALTORS® MLS
Similar Homes in the area
Source: Cooperative Arkansas REALTORS® MLS
MLS Number: 25019140
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