5703 Central Avenue, Hot Springs, AR 71913

Local realty services provided by:ERA Doty Real Estate
5703 Central Avenue,Hot Springs, AR 71913
$994,400
  • - Beds
  • - Baths
  • 13,846 sq. ft.
  • Multi-family
  • Active
Listed by: greg calaway, lance penfield
Office: baxley-penfield-moudy realtors
MLS#:26020486
Source:AR_CARMLS

Price summary

  • Price:$994,400
  • Price per sq. ft.:$71.82

About this home

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...

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Home facts

  • Listing ID #:26020486
  • Added:1 day(s) ago
  • Updated:May 22, 2026 at 02:48 AM

Rooms and interior

  • Living area:13,846 sq. ft.

Heating and cooling

  • Cooling:Central Cool-Electric
  • Heating:Central Heat-Electric

Structure and exterior

  • Roof:Metal
  • Building area:13,846 sq. ft.
  • Lot area:0.59 Acres
  • Lot Features:Level
  • Construction Materials:Metal/Vinyl Siding
  • Foundation Description:Slab
  • Levels:1 Story

Schools

  • Elementary school:Lakeside

Utilities

  • Water:Water-Public
  • Sewer:Sewer-Public

Finances and disclosures

  • Price:$994,400
  • Price per sq. ft.:$71.82
  • Tax amount:$66,284