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About This Home

This 0-bedroom, 0-bathroom multi-family at 5703 CENTRAL AVENUE in Hot Springs, AR is listed for $994,400 ($72 per sqft). the home offers 13,846 sqft of living space on a 0.59 acres lot.

Agent Description

First 18 pictures are rendering's of how it could look. "Great investment opportunity, with 19 units in prized Lakeside School District and a quarter miles access to Lake Hamilton. Renovate the units or use our architectural blue prints to increase unit sq ft and overall value.

Total units 19: total built out units 18 with 8 units via 4 duplexes in the back of the property and 10 finished units and 1 unfinished unit in the front building. Recently converted to condos giving investor opportunity to sell for higher LTV down the road.

Renovate then lease all yearly or even all Airbnb (no permit req'd as located in Garland County, outside of city of Hot Springs limits) and/or sell all units. The investor would own the entire condo association and all units in it." If renovated into the plans, the investor would have: 8 3 bed/2.5 baths, 8 2 bed/2 baths, and 3 1 bed/1.5 baths.

We envisioned having the main building be accessible on Central with a slider gate at the front and fencing around, then adding either carports or garages (11) parallel to the 11 unit main building. Then in for the back 8 units, have another gate entering from Long Beach with 8 covered parking or garages.

Key Features

  • 0.59 acre lot

Property Details

1 story

Monthly Cost Estimate

$5,318/mo

20% down · 6.5% · 30 years

Principal$719
Interest$4,309
Insurance$290

Estimates only. Actual payments may vary.

Location

5703 CENTRAL AVENUE

Hot Springs, AR 71913

Metes & Bounds

Features & Amenities

Exterior Features

Dumpster

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 5703 CENTRAL AVENUE is listed at $994,400 ($72/sqft). The estimated monthly payment is $4,309 based on 20% down at 6.5% interest.

Key features include: 0.59 acre lot. Exterior Features: Dumpster.

This property is listed by Greg Calaway and can be reached at 5015291921 or gregcalaway@bpmrealtors.com.

GC

Greg Calaway

Agent at Baxley-Penfield-Moudy Realtors

(501) 529-1921

Listed by Baxley-Penfield-Moudy Realtors · View on Broker Site

MLS# 26020486· Source: listhub· Updated 11 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.

5703 CENTRAL AVENUE, Hot Springs, AR 71913

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