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  • Price cut: $5K (1/23)
    $630,000

    812 Shady Heights Rd, Hot Springs, AR 71901

    --beds
    --baths
    4,080sqft
    : 
    Duplex
    Built in 1985
    -- sqft lot
    $-- Zestimate®
    $154/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.
    36 days
    |
    292
    |
    12
    |

    Zillow last checked: 8 hours ago

    Listing updated: January 23, 2026 at 03:53am

    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: $154/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

    Not available

    Estimated sales range

    Not available

    $1,061/mo

    Price history

    Price history
    DateEventPrice
    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%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $2,916/mo
    Principal & interest
    $2443
    Property taxes
    $252
    Home insurance
    $221

      Climate risks

      Neighborhood: 71901

      Nearby schools

      GreatSchools rating

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