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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
    $586,800 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.
    150 days
    |
    121
    |
    2
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Karen S Hudspeth 870-344-0123,

    McGraw Realtors - HS 501-881-3331

    Source: CARMLS,MLS#: 25049817MLS Logo

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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
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        Estimated market value

        $586,800

        $557,000 - $616,000

        $1,287/mo

        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

        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

        Monthly payment

        Est. payment

          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.
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          Climate risks

          Neighborhood: 71901

          Getting around

          2 / 100
          Car-Dependent
          16 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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