5703 CENTRAL AVENUE Hot Springs, AR $ 994,400
5703 CENTRAL AVENUE
$ 994,400
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5703 CENTRAL AVENUE

Hot Springs, AR, 71913
$ 994,400
Baths0.0 Sq 13,846

Monthly Estimate*

$ 6,123

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View a Virtual Tour
Studio

Multi-Family Home for sale in Hot Springs, AR

for $994,400. This 13,846 square foot home was built on a lot size of 0.59.

First 18 pictures are rendering's of how it could look. "Great investment opportunity, with 19 units in prized Lakeside School District and a quarter miles access to Lake Hamilton. Renovate the units or use our architectural blue prints to increase unit sq ft and overall value. Total units 19: total built out units 18 with 8 units via 4 duplexes in the back of the property and 10 finished units and 1 unfinished unit in the front building. Recently converted to condos giving investor opportunity to sell for higher LTV down the road. Renovate then lease all yearly or even all Airbnb (no permit req'd as located in Garland County, outside of city of Hot Springs limits) and/or sell all units. The investor would own the entire condo association and all units in it." If renovated into the plans, the investor would have: 8 3 bed/2.5 baths, 8 2 bed/2 baths, and 3 1 bed/1.5 baths. We envisioned having the main building be accessible on Central with a slider gate at the front and fencing around, then adding either carports or garages (11) parallel to the 11 unit main building. Then in for the back 8 units, have another gate entering from Long Beach with 8 covered parking or garages.

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Multi-Family Active

Price

$ 994,400

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 66,284

Style

Lot Size

0.59

Town/City

Hot Springs

County/Region

Garland

MLS | Web ID

26020486

Features
General
Heating Central Cool-Electric Central Heat-Electric
Utilities Sewer-Public Water-Public Electric-Municipal
Roof Metal
Garage Other (see remarks)
Zoning COMM. INPR
Year Built 0
Tenant Pays Other (see remarks)
Subdivision Metes & Bounds AR
Style Other (see remarks)
Stories Count One Story
County Garland
Class Multi-Family
Type Apartments
Inside City Limits No
Status Active
Sale/Rent For Sale
Status Detail 0
Docs on File None
Warranty As-Is Prsnt Cnd at Clsng
Primary City Hot Springs
Virtual Tour https://idx.paradym.com/idx/5703-CENTRAL-AVENUE-Hot-Springs-AR-71913/4904134
Directions FROM BY-PASS HEAD SOUTH ON CENTRAL STRAIGHT THROUGH LIGHT AT AMITY ROAD. APARTMENTS ON THE LEFT. ACROSS FROM DOLLAR GENERAL.
City Hot Springs
Elementary School Lakeside
DOM 9
Postal Code 71913
Price Per Sq Ft Total AG 71.82
Public Remarks First 18 pictures are rendering's of how it could look. Great investment opportunity with 19 units in prized Lakeside School District and a quarter miles access to Lake Hamilton. Renovate the units
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Interior
Basement None
Floors Other (see remarks)
Total Number of Units 19
Walls Other (see remarks)
1 Bed Units 11
2 Bed Units 5
3 Bed Units 0
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Exterior
Exterior Metal/Vinyl Siding
Exterior Amenities Dumpster
Road Surface Paved
Foundation Slab
Lot Size Area 0.59
Lot Dimensions 153X173
Lot Level
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* Excluded Features
List By
Greg Calaway

Listing Agent

Baxley-Penfield-Moudy Realtors

Broker

gregcalaway@bpmrealtors.com

Email

Affordability Calculator

$11,646
Per Month
53%
47%
0%
Monthly Principal & Interest
$6,123
Monthly Property Taxes
$5,524
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
5476922 Elementary School
886671 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/21/2026$994,400 Listed Price

Map


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5703 CENTRAL AVENUE, Hot Springs, AR, 71913 is a Multi-Family Home for sale at $994,400 with 13,846 sqft and a lot size of 0.59. 5703 CENTRAL AVENUE is a studio with 0.0 baths. The property's zip code is 71913 which is in Hot Springs, AR