Malvern Homes under $200,000

Malvern Homes under $200,000

Welcome to Malvern, Arkansas – a charming city that perfectly blends small-town warmth with modern conveniences. Nestled in the heart of Hot Spring County, Malvern boasts a rich history and a vibrant community spirit. Known for its beautiful landscapes and friendly neighbors, this city offers a welcoming atmosphere for families, retirees, and everyone in between.

Malvern is conveniently located just a short drive from major highways, making it easy to access nearby cities while still enjoying the tranquility of rural living. The city is home to an array of local shops, restaurants, and parks, providing residents with an abundance of recreational opportunities. Whether you’re exploring the scenic beauty of the Ouachita Mountains or enjoying a leisurely day at the local parks, Malvern is a place where you can truly unwind and connect with nature.

For those looking to settle down in this picturesque city, Malvern offers an impressive selection of homes priced under $200,000. This affordability opens doors for first-time buyers, families seeking more space, or investors looking for promising opportunities. From charming historic homes with character to modern builds with all the amenities, there’s something for everyone in Malvern’s real estate market.

With its inviting community, beautiful surroundings, and affordable housing options, Malvern, Arkansas, is not just a place to live; it’s a place to thrive. Come discover your dream home in this delightful city, where every day feels like a step into a storybook!

Newest Malvern Homes under $200,000

1512 Mchenry, Malvern
$99,500
2 Beds ⋅ 1 Baths ⋅ 26039581 MLS
Move-in ready and completely remodeled in 2026! This 2-bedroom, 1-bath home offers 928 square feet with extensive updates throughout. Improvements include new double-pane energy-efficient windows, a new metal roof, and a new mini-split heating and air system. The home is primarily electric, with a gas water heater. The electric stove and refrigerator will remain with the property. Outside, enjoy a chain-link fenced backyard with plenty of space for pets, play, or outdoor entertaining. With the major updates already completed, this home is ready for its next owner!

1512 Mchenry, Malvern
620 Edward, Malvern
$118,000
2 Beds ⋅ 1 Baths ⋅ 26039454 MLS
COMPLETELY REMODELED DOWN TO THE STUDS AND INSULATION EVEN! Make your appointment today to see this GEM!! It has everything you need and all new!! The kitchen and bathroom are beautiful!! All the new windows let in so much light! So much value!!!

620 Edward, Malvern
910 Keith, Malvern
$54,500
3 Beds ⋅ 1 Baths ⋅ 26038610 MLS
Majority completed investment opportunity on a quiet street in Malvern. Upgrades include - New roof, plumbing, electrical, windows, sub floor, landscaping, and HVAC. The hard part is done- your turn to make this blank slate into another income stream in your portfolio. ARV estimated 120k-140k. Agents see remarks

910 Keith, Malvern
1108 Wilson, Malvern
$120,000
2 Beds ⋅ 1 Baths ⋅ 26038351 MLS
This adorable 2-bedroom, 1-bath bungalow is full of charm and ready for its next owner! The home features a gas cook range, central heat and air, and blown-in attic insulation for added energy efficiency. Several important updates have already been taken care of, including updated plumbing and electrical work. The HVAC system has been checked, and the roof is approximately five years old. Outside, you’ll love the large fenced backyard—perfect for pets, entertaining, gardening, or simply enjoying your own private outdoor space. Cute, comfortable, and full of character, this bungalow would make a wonderful first home, downsizing option, or investment property. Come see just how charming it is in person! And under the home is more of a cellar so you can have more storage.

1108 Wilson, Malvern
903 Owen, Malvern
$59,900
3 Beds ⋅ 2 Baths ⋅ 26037883 MLS
Check out Hubzu! Opportunity awaits here in Malvern! This home offers a spacious floor plan with additional upstairs living space and sits on a large, shaded lot surrounded by mature trees. The property is ready for a new owner to bring their ideas and improvements to life. Interior updates, repairs and cleanout are needed, providing an opportunity to customize the home to fit your vision. Property is being sold AS-IS, WHERE-IS. Buyer should independently verify property condition, measurements and all information deemed important. Come see the possibilities this property has to offer!

903 Owen, Malvern
1528 Monroe & 1024 Roosevelt, Malvern
$149,999
3 Beds ⋅ 2 Baths ⋅ 26037563 MLS
Investment opportunity with TWO homes on one lot being sold together! Both properties are tenant occupied with long-term renters already in place, making this a great addition to your rental portfolio with immediate income potential. Tenants are on month to month lease. The front home is a 2/1 & offers a cozy layout with spacious living areas and functional kitchen space, while the second home is a 1/2 & features updated finishes, an open kitchen, updated bath/laundry area, and comfortable living space. Each home has its own character and appeal, providing flexibility for investors or future owner-occupancy options. Whether you’re looking to expand your investment portfolio or purchase multi-unit property with established rental history, this is a unique opportunity you won’t want to miss! Owner does pay water/trash since they are on the same meter.

1528 Monroe & 1024 Roosevelt, Malvern
194 Bowen, Malvern
$135,000
2 Beds ⋅ 1 Baths ⋅ 26035961 MLS
Adorable home, perfect for a small family. This property offers original hardwood floors, hardwood cabinetry, walk-in shower, large room for storage or 3rd bedroom, and separate dining area. Outside, you can enjoy sitting on the deck and enjoying the sounds of nature, working in your own shop or growing a large 1/2 garden, just has the previous owner did. So may options in this cute place. ALL AGENTS SEE AGENT REMARKS

194 Bowen, Malvern
301 Pecan, Malvern
$35,000
1 Beds ⋅ 1 Baths ⋅ 26035373 MLS
Charming Corner-Lot Opportunity in a Convenient Location! This cozy 1-bedroom, 1-bath home offers an excellent opportunity for a first-time homeowner, downsizer, or investor. Situated on a spacious corner lot with a mature pecan tree and a welcoming front porch, the property offers plenty of charm and potential. The home makes the most of its efficient layout, offering comfortable living in a manageable space. A metal roof installed just a few years ago is an added bonus. Enjoy the convenience of walking to nearby grocery stores, the library, restaurants, and downtown shopping. Spend relaxing mornings or evenings on the generous front porch while enjoying the mature surroundings. Seller will look at all offers! Property is being sold AS-IS. Buyer is responsible for having utilities turned on for inspections. The property has been vacant for an extended period, and the gas meter will need to be reinstalled by buyer. No Seller Property Disclosure is available. Bring your vision and make this charming property your own!

301 Pecan, Malvern
343 Kight, Malvern
$54,900
2 Beds ⋅ 1 Baths ⋅ 26034797 MLS
Don't miss out on this 2 bedroom 1 bath home featuring, living room, kitchen/dining combo, laundry closet, 2 car garage with storage/workshop space on the rear, storm shelter and 2 storage bldgs. Wood porch on front of home with steps and ramp access. Agents, please go to Confidential Remarks section in MLS and READ for information on showing, how to submit offers, and other info.

343 Kight, Malvern
1003 W Moline, Malvern
$190,000
3 Beds ⋅ 2 Baths ⋅ 26033294 MLS
Just appraised in August 2026 for $190,000! The seller is offering $10,000 in buyer credits to use toward closing costs, buying down your interest rate, reducing the purchase price, or making personal updates to truly make it your own. Completely transformed with extensive renovations, this home offers the style and finishes you rarely find at this price point. Updates include HVAC (2024), all interior walls replaced (2024), new paint (2024), luxury vinyl plank flooring (2024), and all new stainless steel appliances (2025). Inside, you'll love the soaring exposed beam ceilings, butcher block countertops, open living spaces, and modern finishes throughout. The spacious floor plan features 3 bedrooms, 2 bathrooms, plus a large primary suite with a walk-in closet/laundry room for added convenience. Located directly across from ASU Three Rivers, just minutes from Walmart, restaurants, shopping, and Interstate access, this move-in-ready home offers exceptional value, modern design, and an unbeatable location.

1003 W Moline, Malvern
1007 E Sullenberger, Malvern
$56,525
3 Beds ⋅ 2 Baths ⋅ 26032365 MLS
Spacious 3 bedroom, 2 bath home featuring nice sized living/dining combo, galley kitchen, laundry room and pantry, fenced back yard with patio and storage bldg. All offers must be submitted on Sellers prop offers management site by Buyers agent directly. Property is being sold as-is, lender owned, and Seller making no representations or warranties. Agents please see confidential remarks section for additional information on submitting offers and showing instructions.

1007 E Sullenberger, Malvern
226 E Elizabeth Ann, Malvern
$30,000
2 Beds ⋅ 2 Baths ⋅ 26031883 MLS
Investor opportunity with plenty of potential! This property is ready for a new owner to bring their vision to life. With some TLC and updates, it could make a great addition to a rental portfolio, fix-and-flip project, or investment property. Conveniently located and full of possibilities. Property is being sold as-is. Bring your ideas and make it your own!

226 E Elizabeth Ann, Malvern
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