Furnished Short-Term Rental
For Sale
$255,000
151 Peters Pt, Hot Springs, AR 71913
Residential, Traditional, Hot Springs, AR
Property Size1,456 SF
Price / SF$175.14
Days on Market153
Property Features for 151 Peters Pt
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Den, Bathroom 1, Bedroom 2
Spa
1
Interior features
Dry Bar, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Water Heater-Gas, Smoke Detector(s), Handicapped Design, Walk-in Shower, Breakfast Bar
Exterior features
Inground Pool, Hot Tub/Spa, Heated Pool
Fireplace
1
Accessibility
Accessible Approach with Ramp
Appliances
Free-Standing Stove, Microwave, Gas Range, Dishwasher, Disposal, Refrigerator-Stays, Ice Maker Connection
Subdivision
VISTA VILLAS at SUNBAY HPR
Lot features
Level
Directions
South on Central Ave., right on Peter's Pt., First driveway on the left. Unit is on main level
Standard status
Active
Size
1,456 SF
Taxes and HOA fees
Tax Year
2023
Tax Description
SEC 25, TWN 03S, RNG 20W, BLD
Tax Annual Amount
1607
HOA Fee
$245 Monthly
Legal Description
SEC 25, TWN 03S, RNG 20W, BLD
Utilities
Water front
1
Amenities
wheelchair accessibility
Building Details
Year built
2004
Floors in Building
1
Flooring type
Tile
Roof type
Shingle
Architectural style
Other
Listing Agency:
The Goff Group Real Estate Company
(501) 525-0908
Listed By:
Lauren Muller
(501) 425-4041
Added: May 6
Changed: Oct 5
Last Checked: Oct 5 at 5:06PM
MLS# 26018201
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 1,456-square-foot main-level condo has two bedrooms and two bathrooms. The residence is furnished, includes a den, and has an accessible approach with a ramp and a walk-in shower. A washer and dryer are included, along with a refrigerator, dishwasher, stove, and microwave. The building dates to 2004.
The condo is currently operated as a short-term rental and has an active license. Exterior features include an inground heated pool and a hot tub/spa.
The condo is currently operated as a short-term rental and has an active license. Exterior features include an inground heated pool and a hot tub/spa.
Key Highlights
- 1,456 square feet with 2 bedrooms and 2 bathrooms
- Active short‑term rental license
- Main‑level condo with accessible ramp approach and walk‑in shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,985
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$179,700
$179.7K
Cap Rate 7%
$128,357
$128.4K
Cap Rate 9%
$99,833
$99.8K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$17.5K $12.00/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$16.3K $11.22/SF
− OpEx
−$7.4K −$5.05/SF
NOI
$9.0K $6.17/SF
Area
Garland County, AR
Vacancy
6.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$179,700
Cap Rate 7%
$128,357
Cap Rate 9%
$99,833
Alternative Uses
Best Use
Apartment 5plus
$128.4K
$112.3K – $149.8K
NOI $8,985 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$266.3K
$233.0K – $310.7K
NOI $18,639 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
Business Placement
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - The accessible main-level residence is furnished and has an active short-term rental license.
Where is this short term rental property located?
The property is located at 151 Peters Pt Hot Springs, AR.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 1,456 square feet with 2 bedrooms and 2 bathrooms; Active short‑term rental license; Main‑level condo with accessible ramp approach and walk‑in shower
