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About This Home

This 0-bedroom, 0-bathroom residential multi family at 118 Garland Ave in Hot Springs, AR is listed for $299,000 ($148 per sqft). Built in 1939, the home offers 2,021 sqft of living space on a 0.16 acres lot.

Agent Description

Income-producing quadplex located in the heart of Hot Springs, AR. This multi-unit property features a total of four units, including three (3) 1-bedroom, 1-bath units and one efficiency unit, providing a versatile rental mix that appeals to a wide range of tenants.

Each unit is separately metered for electricity, allowing tenants to cover their own electric usage, while gas and water are on a shared meter, helping simplify management and expenses. The property's layout and unit configuration make it ideal for both long-term rentals and potential short- to mid-term rental strategies, depending on investor goals.

Conveniently located near downtown Hot Springs, this property offers easy access to local shopping, dining, entertainment, and area attractions, increasing its desirability and occupancy potential. Its central location and consistent rental demand make it a strong addition to any investment portfolio.

Whether you are expanding your portfolio or entering the rental market, this quadplex offers solid income potential, a desirable location, and the opportunity to maximize returns with strategic management and rental optimization.

Key Features

  • Built in 1939
  • 0.16 acre lot
  • 2 stories

Property Details

2 stories
1939

Monthly Cost Estimate

$1,599/mo

20% down · 6.5% · 30 years

Principal$216
Interest$1,296
Insurance$87

Estimates only. Actual payments may vary.

Location

118 Garland Ave

Hot Springs, AR 71913

Dawers

Property Details

Flooring

CeramicLaminate

Appliances

Gas RangeGas Range

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 118 Garland Ave is listed at $299,000 ($148/sqft). The estimated monthly payment is $1,296 based on 20% down at 6.5% interest.

Key features include: Built in 1939, 0.16 acre lot, 2 stories.

This property is listed by Karina Alvarez and can be reached at 5016934223 or karinaalvarezrealestate@gmail.com.

KA

Karina Alvarez

Agent at Signature Homes Real Estate

(501) 693-4223

Listed by Signature Homes Real Estate · View on Broker Site

MLS# 26014055· Source: listhub· Updated 76 days ago

Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

118 Garland Ave, Hot Springs, AR 71913

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