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  • Price cut: $20K (3/5)
    $610,000

    812 Shady Heights Rd, Hot Springs, AR 71901

    --beds
    --baths
    4,080sqft
    : 
    Duplex
    Built in 1985
    -- sqft lot
    $581,100 Zestimate®
    $150/sqft
    $-- HOA

    What's special

    Improved conditionOctagon-style duplexesRefreshed lookGranite countertopsStainless steel appliances
    Unique octagon-style duplexes -- 3 buildings, 6 total units (each 2BR/1BA) Prime multifamily investment opportunity in the highly desirable Lakeside School District. This three-duplex portfolio (six total doors) offers a refreshed look, improved condition, and pricing aligned with current market value. Each unit features granite countertops, stainless steel appliances, and a solid long term rental history, making this a low-maintenance, income producing asset ideal for both new and seasoned investors. Tenants pay all utilities, enhancing cash flow and simplifying management. The properties: 812 Shady Heights, 101 & 367 Lance Circle, are clustered together in Lakeside School District, just minutes from shopping, dining, and Lake Hamilton, supporting strong tenant demand and long-term appreciation. Additional upside includes extra land with potential to add another duplex (buyer to verify), creating future expansion and increased returns. 1031 Exchange friendly. Seller is offering a $5,000.00 buyer credit at closing, applicable toward an interest-rate buy-down, discount points, or other lender approved closing costs, subject to loan guidelines.
    102 days
    |
    183
    |
    6
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 11, 2026 at 11:16pm

    Listed by:

    Karen S Hudspeth 870-344-0123,

    McGraw Realtors - HS 501-881-3331

    Source: CARMLS,MLS#: 25049817MLS Logo

    Tour with a local agent

      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
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        Estimated market value

        $581,100

        $552,000 - $610,000

        $1,485/mo

        Price history

        Price history
        DateEventPrice
        3/5/2026Price change$610,000-3.2%$150/sqft
        Source: HSDS #153637 Report a problem
        1/23/2026Price change$630,000-0.8%$154/sqft
        Source: HSDS #153637 Report a problem
        12/23/2025Listed for sale$635,000+2.4%$156/sqft
        Source: HSDS #153637 Report a problem
        11/19/2025Listing removed$620,000$152/sqft
        Source: HSDS #152900 Report a problem
        10/14/2025Listed for sale$620,000$152/sqft
        Source: HSDS #152900 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        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

        BuyAbility℠ payment

        Est. payment
        $3,390/mo
        Principal & interest
        $3146
        Property taxes
        $244
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          Climate risks

          Neighborhood: 71901

          Getting around

          2 / 100
          Car-Dependent
          16 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 71901

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