An appreciable challenge in volcanology and geothermal resource development is to understand the relationships between volcanic systems and low-enthalpy geothermal resources. The enthalpy of an undeveloped geothermal resource in the Karckar region of Armenia is investigated by coupling geophysical and hydrothermal modeling. The results of 3-dimensional inversion of gravity data provide key inputs into a hydrothermal circulation model of the system and associated hot springs, which is used to evaluate possible geothermal system configurations. Hydraulic and thermal properties are specified using maximum a priori estimates. Limited constraints provided by temperature data collected from an existing down-gradient borehole indicate that the geothermal system can most likely be classified as low-enthalpy and liquid dominated. We find the heat source for the system is likely cooling quartz monzonite intrusions in the shallow subsurface and that meteoric recharge in the pull-apart basin circulates to depth, rises along basin-bounding faults and discharges at the hot springs. While other combinations of subsurface properties and geothermal system configurations may fit the temperature distribution equally well, we demonstrate that the low-enthalpy system is reasonably explained based largely on interpretation of surface geophysical data and relatively simple models.