Remodeled Single-Story
For Sale
$305,900
12 Emanuel Drive, Hot Springs Village, AR 71909
Residential, Traditional, Townhouse, Hot Springs Village, AR
Property Size1,852 SF
Price / SF$165.17
Days on Market36
Property Features for 12 Emanuel Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Laundry Room, Bathroom 2, Bedroom 3, Great Room, Bedroom 2
Parking features
Open, Garage
Patio and Porch features
Deck
Interior features
Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Water Heater-Electric, Smoke Detector(s), Walk-In Closet(s), Built-Ins, Ceiling Fan(s), Walk-in Shower, Kit Counter- Granite Slab
Exterior features
Deck
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Ice Maker Connection
Subdivision
VILLA ALEGRE COURTS
Lot features
Level, Cul-de-sac, Wooded, Cleared, In Subdivision, Down Slope
Elementary school
Jessieville
High school
Jessieville
Directions
From WEST GATE entrance, take DeSoto & turn left into DeSoto Golf Course. Go thru Parking lot, turn at the first left onto Emanuel Drive.
Standard status
Active
APN
200-67350-037-000
Size
1,852 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 8 Block 5, Villa Alegre Ct
Tax Annual Amount
1607
HOA Fee
$116 Monthly
Legal Description
Lot 8 Block 5, Villa Alegre Ct
Building Details
Year built
1991
Floors in Building
1
Flooring type
Carpet, Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
Taylor Realty Group HSV
(501) 463-9506
Listed By:
Janette Carter
(501) 209-5347
Added: Jul 31
Changed: Aug 31
Last Checked: Sep 4 at 11:06AM
MLS# 26031204
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,852-square-foot duplex, built in 1991, offers a single-story layout with three bedrooms, two bathrooms, a great room, dining area, kitchen, laundry room, and deck. Interior improvements include 22-mil LVP flooring, new carpet in the primary bedroom, smooth ceilings, updated lighting, four ceiling fans, and a refreshed stone fireplace. The kitchen includes a new oven/range, microwave, dishwasher, sink, and disposal, while both bathrooms feature updated quartz countertops, vanities, sinks, mirrors, and faucets. The primary bathroom has a glass-enclosed walk-in shower, and the second bathroom includes a tub with tile shower.
The laundry room includes a newer washer and dryer and additional room for a second refrigerator, stand-up freezer, or office nook. Exterior features include a garage, open parking, and a deck that was recently updated and painted. A new shingle roof was installed in March 2026.
The laundry room includes a newer washer and dryer and additional room for a second refrigerator, stand-up freezer, or office nook. Exterior features include a garage, open parking, and a deck that was recently updated and painted. A new shingle roof was installed in March 2026.
Key Highlights
- 1,852‑square‑foot duplex with a single‑story layout
- Three bedrooms and two bathrooms with a great room, dining area, kitchen, and laundry room
- Interior updates include 22‑mil LVP flooring, new carpet, lighting, ceilings, and four ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,232
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$244,640
$244.6K
Cap Rate 7%
$174,743
$174.7K
Cap Rate 9%
$135,911
$135.9K
Market Conditions
NOI Build-Up for 1,852 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$18.9K $10.20/SF
− Vacancy
−$1.4K −$0.77/SF
EGI
$17.5K $9.44/SF
− OpEx
−$5.2K −$2.83/SF
NOI
$12.2K $6.60/SF
Area
Garland County, AR
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$244,640
Cap Rate 7%
$174,743
Cap Rate 9%
$135,911
Alternative Uses
Best Use
Multifamily LT 5
$174.7K
$152.9K – $203.9K
NOI $12,232 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$163.3K
$142.9K – $190.5K
NOI $11,429 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$338.7K
$296.4K – $395.2K
NOI $23,709 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 71909, AR
17,935
Population
10,563
Households
1.7
Avg Household Size
67
Median Age
33%
College-Educated
97%
High-School Grad
79.3 sq mi
ZIP Area
226
Density / Sq Mi
$69,171
Median Household Income
$31,165
Median Earnings
$1,143
Median Rent
$255,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex residence with refreshed interiors, a stone fireplace, deck, garage, and flexible laundry-area space.
Where is this duplex located?
The property is located at 12 Emanuel Drive Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $305,900.
What are key features of this property?
This property features: 1,852‑square‑foot duplex with a single‑story layout; Three bedrooms and two bathrooms with a great room, dining area, kitchen, and laundry room; Interior updates include 22‑mil LVP flooring, new carpet, lighting, ceilings, and four ceiling fans
