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.
Active
Price cut: $20K (3/5)
$610,000
812 Shady Heights Rd, Hot Springs, AR 71901
--beds
--baths
4,080sqft
Est.:
Duplex
Built in 1985
-- sqft lot
$586,800 Zestimate®
$150/sqft
$-- HOA
What's special
Improved conditionOctagon-style duplexesRefreshed lookGranite countertopsStainless steel appliances
- 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#: 25049817
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
Estimated market value
$586,800
$557,000 - $616,000
$1,287/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2026 | Price change | $610,000-3.2%$150/sqft |
Source: | ||
| 1/23/2026 | Price change | $630,000-0.8%$154/sqft |
Source: | ||
| 12/23/2025 | Listed for sale | $635,000+2.4%$156/sqft |
Source: | ||
| 11/19/2025 | Listing removed | $620,000$152/sqft |
Source: | ||
| 10/14/2025 | Listed for sale | $620,000$152/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $9,360 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 71901
Nearby schools
GreatSchools rating
- 8/10Lakeside Intermediate SchoolGrades: 2-4Distance: 1 mi
- 8/10Lakeside Junior High SchoolGrades: 7-8Distance: 1.1 mi
- 9/10Lakeside High SchoolGrades: 8-12Distance: 1.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Arkansas
- Garland County
- Hot Springs
- 71901
- 812 Shady Heights Rd






