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.
Active
$610,000
812 Shady Heights Rd, Hot Springs, AR 71901
--beds
--baths
4,080sqft
Duplex
Built in 1985
-- sqft lot
$572,900 Zestimate®
$150/sqft
$-- HOA
What's special
- 181 days |
- 100 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Karen S Hudspeth 870-344-0123,
McGraw Realtors - HS 501-881-3331
Source: CARMLS,MLS#: 25049817
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Facts & features
Interior
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Free-Standing Range, Microwave, Refrigerator
Features
- Flooring: Laminate
Interior area
- Total structure area: 4,080
- Total interior livable area: 4,080 sqft
Property
Parking
- Total spaces: 2
- Parking features: Parking Pad, Two Car
Features
- Levels: One
Lot
- Size: 0.3 Acres
- Features: Subdivided
Details
- Parcel number: 20039200009000
- Zoning: other
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex
Materials
- Metal/Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1985
Utilities & green energy
- Electric: Electric-Municipal
- Water: Public
Community & HOA
Community
- Subdivision: Lake Town
Location
- Region: Hot Springs
Financial & listing details
- Price per square foot: $150/sqft
- Tax assessed value: $126,800
- Annual tax amount: $1,153
- Date on market: 12/23/2025
- Lease term: Month To Month
- Tenant pays: All Utilities
- Road surface type: Paved
Estimated market value
$572,900
$544,000 - $602,000
$1,363/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2026 | Price change | $610,000-3.2%$150/sqft |
Source: | ||
| 1/23/2026 | Price change | $630,000-0.8%$154/sqft |
Source: | ||
| 12/23/2025 | Listed for sale | $635,000+2.4%$156/sqft |
Source: | ||
| 11/19/2025 | Listing removed | $620,000$152/sqft |
Source: | ||
| 10/14/2025 | Listed for sale | $620,000$152/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,294 -1.2% | $25,360 |
| 2024 | $1,309 +1.2% | $25,360 |
| 2023 | $1,294 | $25,360 |
| 2022 | $1,294 +60.2% | $25,360 +74.8% |
| 2021 | $807 | $14,510 |
| 2020 | $807 +22.8% | $14,510 |
| 2019 | $657 +9.7% | $14,510 |
| 2018 | $599 | $14,510 |
| 2017 | $599 -0.8% | $14,510 -0.8% |
| 2016 | $604 | $14,630 |
| 2015 | $604 +0% | $14,630 |
| 2014 | $604 0% | $14,630 |
| 2013 | $604 | $14,630 |
| 2012 | $604 -5.2% | $14,630 -5.2% |
| 2011 | $638 +4.3% | $15,440 -0.8% |
| 2009 | $612 -0.3% | $15,560 |
| 2008 | $613 +37.1% | $15,560 +38.5% |
| 2007 | $447 | $11,232 +20% |
| 2006 | -- | $9,360 |
| 2005 | -- | $9,360 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 71901
Nearby schools
GreatSchools rating
- 8/10Lakeside Intermediate SchoolGrades: 2-4Distance: 1 mi
- 9/10Lakeside High SchoolGrades: 8-12Distance: 1.1 mi
- NALakeside Primary SchoolGrades: PK-1Distance: 1 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Arkansas
- Garland County
- Hot Springs
- 71901
- 812 Shady Heights Rd






