1221 & 1221-1/2 Georgia St, Malvern, AR, 72104
About This Home
Rare 3-Unit Investment Opportunity! 1221 Georgia Street Income-producing property featuring three rental units sold together — a rare opportunity for investors or owner-occupants seeking multiple income streams in one location! This unique property includes a duplex offering a spacious 1 bedroom, 1 bath downstairs unit and a 2 bedroom, 1 bath upstairs unit, plus a beautifully remodeled 1,760 sq ft single-family home featuring 3 bedrooms and 2 bathrooms with an open, inviting layout perfect for comfortable living. Extensive updates throughout the property include new windows, flooring, appliances, hot water heater, roof, and more, creating a truly turnkey investment ready for immediate occupancy and rental income. The property also includes an adjoining corner lot, providing excellent potential for expansion — build another home, add a shop, or create additional outdoor space to further increase value and income potential. With multiple units, strong rental appeal, and future development possibilities, this is a great investment opportunity with excellent income potential. Properties like this are hard to find — don’t miss your chance to own this exceptional multi-unit property
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1965
Materials
- Foundation: Slab/Crawl Combination
- Roof: Shingle
- Construction materials: Brick,Metal/Vinyl Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Country
- Property subType: Duplex
Interior
Appliances
- Appliances included: Electric Range
Features
- Flooring: Vinyl
Heating & Cooling
- Heating features: Electric,Heat Pump
- Cooling features: Electric
Interior Area
- Total structure area: 3,260
- Total interior livable area: 3,260 sqft
Property
Details
- Zoning: R1
Features
- Levels: Two
Lot
- Lot size: 8,712 sqft
- Features: Level
- Lot size dimensions: 145 x 157
Parking
- Total spaces: 4
- Parking features: Four Car or More
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Lightning
- Strong Wind
- Hail
- Heat Wave
- Tornado
- Winter Weather
- Earthquake
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters Across Arkansas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,754 | $21,048 |
| Home Insurance | $405 | $4,860 |
| Property Taxes | $167 | $2,004 |
| Electricity | $236 | $2,833 |
| Total | $2,562 | $30,744 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-26 | Listed for sale | $347,000 |
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