5703 CENTRAL AVENUE

Hot Springs, AR

$994,400

- Multi-Family

19 units

Apartments

Active

MLS # 26020486

Listing courtesy of GREG CALAWAY from BAXLEY-PENFIELD-MOUDY REALTORS.

Data last updated Thursday, May 21st, 2026.

Contact Halsey Real Estate About This Listing

870.972.9191 (Jonesboro)

501.575.9191 (Benton)

info@halseyre.com

About

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.

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5703 CENTRAL AVENUE Hot Springs, AR

5703 CENTRAL AVENUE

Hot Springs, AR