Police say a man who had also been stabbed was found at the scene with her around 8:30 this morning.
Officers were called to an address on Skyview Terrace after a 911 call came in about someone covered in blood. That street is just north of Whittington Avenue, not far from downtown Hot Springs.
Once officers got there, they found both victims lying on the ground.
Officers also quickly found a man suspected in the attacks and took him into custody
The man who was stabbed was in surgery at last report and his condition is unknown.
The woman was pronounced dead at the scene by the Garland County Coroner and her body will be sent to the State Crime Lab.
Police have not yet released any names in the case or any charges filed against the suspect.