Updated Residential Income
For Sale
$159,900
160 Cooper Street, Hot Springs, AR 71913
Residential, Traditional, Hot Springs, AR
Property Size1,268 SF
Price / SF$126.10
Days on Market110
Property Features for 160 Cooper Street
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Laundry Room, Bathroom 2, Bedroom 2
Parking features
Carport, Assigned
Patio and Porch features
Deck
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Smoke Detector(s), Ceiling Fan(s), Walk-in Shower
Exterior features
Deck, Outside Storage Area, Inground Pool, Guttering
Fireplace
1
Appliances
Built-In Stove, Microwave, Electric Range, Dishwasher, Disposal
Subdivision
Shadowbrook HPR Phase II
Lot features
Level, In Subdivision
Directions
West on Albert Pike, turn Right on Cooper St, Right at first entrance into Shadowbrook, then take Left in parking lot. Home on Left.
Standard status
Active
Size
1,268 SF
Taxes and HOA fees
Tax Description
LOT APT B-LOW BLDG 11
Tax Annual Amount
828
HOA Fee
$130 Monthly
Legal Description
LOT APT B-LOW BLDG 11
Amenities
pool
clubhouse
Building Details
Year built
1978
Floors in Building
1
Flooring type
Tile, Laminate
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Trademark Real Estate, Inc.
(501) 318-3200
Listed By:
Tammy Browning
(501) 881-9490
Added: May 16
Changed: Aug 31
Last Checked: Sep 2 at 2:06PM
MLS# 26019919
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 2-bedroom, 2-bath first-floor condo is positioned as a corner unit within the Shadowbrook community. The 1268-square-foot interior has waterproof vinyl flooring in the main living areas and bedrooms, tile bathrooms, fresh paint, and a wood-burning fireplace. A renovated kitchen includes butcher block countertops, updated appliances, and additional cabinetry extending into the laundry area. Both bedrooms have private bathrooms, while replacement windows, new window coverings, a new washer and dryer, and a new electric water heater add to the recent improvements.
Outdoor features include a private patio with views toward the stream behind the property, an assigned carport, and outside storage. Community amenities include an inground pool and clubhouse. The property was built in 1978 and is located at 160 Cooper Street in Hot Springs, Arkansas.
Outdoor features include a private patio with views toward the stream behind the property, an assigned carport, and outside storage. Community amenities include an inground pool and clubhouse. The property was built in 1978 and is located at 160 Cooper Street in Hot Springs, Arkansas.
Key Highlights
- 2‑bedroom, 2‑bath corner condo with 1268 square feet of living area
- First‑floor layout with private patio and views of the stream behind the property
- Renovated kitchen with butcher block countertops, updated appliances, and added cabinetry
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
$7,825
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
4.89%
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%
$156,500
$156.5K
Cap Rate 7%
$111,786
$111.8K
Cap Rate 9%
$86,944
$86.9K
Market Conditions
NOI Build-Up for 1,268 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
$15.2K $12.00/SF
− Vacancy
−$989 −$0.78/SF
EGI
$14.2K $11.22/SF
− OpEx
−$6.4K −$5.05/SF
NOI
$7.8K $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 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%
$156,500
Cap Rate 7%
$111,786
Cap Rate 9%
$86,944
Alternative Uses
Best Use
Apartment 5plus
$111.8K
$97.8K – $130.4K
NOI $7,825 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$231.9K
$202.9K – $270.5K
NOI $16,232 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
492
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor corner unit with renovated kitchen, private patio, fireplace, and community pool and clubhouse access.
Where is this residential income property located?
The property is located at 160 Cooper Street Hot Springs, AR.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath corner condo with 1268 square feet of living area; First‑floor layout with private patio and views of the stream behind the property; Renovated kitchen with butcher block countertops, updated appliances, and added cabinetry
