118 Garland Ave Hot Springs, AR $ 289,000
118 Garland Ave
$ 289,000
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118 Garland Ave

Hot Springs, AR, 71913
$ 289,000
Baths0.0 Sq 2,021

Monthly Estimate*

$ 1,825

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Studio

Multi-Family Home for sale in Hot Springs, AR

for $289,000. This 2,021 square foot home was built in 1939 on a lot size of 0.16.

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.

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Multi-Family Active

Price

$ 289,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 666

Style

Craftsman

Lot Size

0.16

Year Built

1939

Town/City

Hot Springs

County/Region

Garland

MLS | Web ID

26014055

Features
General
Heating Mini Split
Utilities All Underground
Roof Architectural Shingle
Garage Parking Pads
Zoning Residentia
Year Built 1939
Tenant Pays All Utilities
Subdivision Dawers AR
Style Craftsman
Stories Count Two Story
County Garland
Class Multi-Family
Type Fourplex
Tax Year 2025
Inside City Limits No
Status Active
Sale/Rent For Sale
Status Detail 0
Docs on File None
Primary City Hot Springs
Directions Hwy 70 to Hwy 7 then make aright on Garland Ave. Home on the right.
City Hot Springs
DOM 127
Postal Code 71913
Price Per Sq Ft Total AG 143
Public Remarks 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
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Exterior
Exterior Frame Metal/Vinyl Siding
Road Surface Paved
Foundation Crawl Space
Lot Size Area 0.16
Lot Dimensions 6750
Lot Sloped
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Interior
Floors Ceramic Laminate
Total Number of Units 4
1 Bed Units 1
2 Bed Units 1
3 Bed Units 1
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* Excluded Features
List By
Karina Alvarez

Listing Agent

Signature Homes Real Estate

Broker

karinaalvarezrealestate@gmail.com

Email

Affordability Calculator

$1,880
Per Month
97%
3%
0%
Monthly Principal & Interest
$1,825
Monthly Property Taxes
$56
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
886427 Elementary School
886671 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/6/2026$289,000 -3.34% Price Down
4/10/2026$299,000 Listed Price

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118 Garland Ave, Hot Springs, AR, 71913 is a Multi-Family Home for sale at $289,000 with 2,021 sqft and a lot size of 0.16. 118 Garland Ave is a studio with 0.0 baths and was built in 1939. The property's zip code is 71913 which is in Hot Springs, AR