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.
Active
Price cut: $10K (7/6)
$289,000
118 Garland Ave, Hot Springs National Park, AR 71913
--beds
--baths
2,021sqft
Quadruplex
Built in 1939
-- sqft lot
$-- Zestimate®
$143/sqft
$-- HOA
What's special
One efficiency unit
- 138 days |
- 91 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Karina A Alvarez 501-693-4223,
Signature Homes Real Estate 501-359-3059
Source: CARMLS,MLS#: 26014055
Facts & features
Interior
Heating
- Ductless
Appliances
- Included: Gas Range
Features
- Flooring: Ceramic Tile, Laminate
Interior area
- Total structure area: 2,021
- Total interior livable area: 2,021 sqft
Property
Parking
- Parking features: Parking Pad
Features
- Levels: Two
Lot
- Size: 6,969 Square Feet
- Features: Sloped
Details
- Parcel number: 40014350016000
- Zoning: Residentia
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman
- Property subtype: Quadruplex
Materials
- Frame, Metal/Vinyl Siding
- Foundation: Crawl Space
- Roof: Shingle
Condition
- New construction: No
- Year built: 1939
Utilities & green energy
- Utilities for property: Underground Utilities
Community & HOA
Community
- Subdivision: Dawers
Location
- Region: Hot Springs National Park
Financial & listing details
- Price per square foot: $143/sqft
- Annual tax amount: $666
- Date on market: 4/10/2026
- Tenant pays: All Utilities
- Road surface type: Paved
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$952/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Price change | $289,000-3.3%$143/sqft |
Source: | ||
| 4/10/2026 | Listed for sale | $299,000+1.4%$148/sqft |
Source: | ||
| 8/15/2025 | Listing removed | $295,000$146/sqft |
Source: | ||
| 3/28/2025 | Listed for sale | $295,000+168.2%$146/sqft |
Source: | ||
| 2/22/2023 | Sold | $110,000$54/sqft |
Source: | ||
| 1/23/2023 | Contingent | $110,000$54/sqft |
Source: | ||
| 1/23/2023 | Pending sale | $110,000$54/sqft |
Source: | ||
| 1/11/2023 | Price change | $110,000-4.3%$54/sqft |
Source: | ||
| 12/29/2022 | Listed for sale | $115,000+13.9%$57/sqft |
Source: | ||
| 2/25/2021 | Sold | $101,000-8.1%$50/sqft |
Source: | ||
| 12/29/2020 | Listing removed | $109,900$54/sqft |
Source: CBRPM Hot Springs #20037264 Report a problem | ||
| 12/3/2020 | Listed for sale | $109,900$54/sqft |
Source: CBRPM Hot Springs #20037264 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 71913
Getting around
Nearby schools
GreatSchools rating
- 4/10Langston Magnet SchoolGrades: PK-6Distance: 0.9 mi
- 5/10Hot Springs High SchoolGrades: 10-12Distance: 1.8 mi
- 4/10Main Street Visual & Performing Arts Magnet SchoolGrades: PK-6Distance: 1.2 mi
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