Lake-View Residential Income
For Sale
$265,000
179 Marina Point, Hot Springs, AR 71913
Residential, Townhouse, Hot Springs, AR
Property Size1,380 SF
Price / SF$192.03
Days on Market100
Property Features for 179 Marina Point
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1
Parking features
Garage
Patio and Porch features
Deck, Patio
Interior features
Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Walk-In Closet(s), Ceiling Fan(s), Breakfast Bar, Kit Counter- Granite Slab
Exterior features
Patio, Deck
Appliances
Free-Standing Stove, Microwave, Dishwasher, Pantry, Refrigerator-Stays
Subdivision
PIER HARBOR HPR
Lot features
Sloped, Mountain View, Lake View, Vista View
Directions
Catherine Park Rd to Diamondhead entrance on Independence Dr turn left on Plum Hollow Blvd turn right on Marina Point
Standard status
Active
APN
200-50575-003-000
Size
1,380 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Unit 1 C
Tax Annual Amount
1459
HOA Fee
$110 Monthly
Legal Description
Unit 1 C
Utilities
Water front
1
Amenities
private deck
water access
boat slip
Building Details
Year built
2002
Floors in Building
1
Flooring type
Wood, Tile
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Realty The Bergeron Group
(501) 463-6328
Listed By:
Nancy Bergeron
(817) 879-2853
Added: Jun 19
Changed: Sep 17
Last Checked: Sep 26 at 4:06PM
MLS# 26025837
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 1,380-square-foot residential income property is an updated condo in the Diamondhead community on Lake Catherine. The two-level layout includes two bedrooms, two bathrooms, and an open main-floor arrangement combining the living, dining, and kitchen areas. Large windows face the lake, while a private deck extends the living space outdoors. Interior features include granite-slab counters, a breakfast bar, walk-in closets, tile and wood flooring, and washer and dryer connections. Most furnishings convey, excluding family heirlooms and personal items.
An extra-deep oversized two-car garage provides room for full-size vehicles, a golf cart, boating equipment, workshop use, or storage. A boat slip is negotiable, and the property offers water access and lake views. The home is approximately 20 minutes from Hot Springs National Park, Oaklawn Racing Casino Resort, Bathhouse Row, shopping, dining, and entertainment, and about 15 minutes from Malvern. Lake Catherine State Park, the Diamondhead golf course, and a marina are also identified in the surrounding area.
An extra-deep oversized two-car garage provides room for full-size vehicles, a golf cart, boating equipment, workshop use, or storage. A boat slip is negotiable, and the property offers water access and lake views. The home is approximately 20 minutes from Hot Springs National Park, Oaklawn Racing Casino Resort, Bathhouse Row, shopping, dining, and entertainment, and about 15 minutes from Malvern. Lake Catherine State Park, the Diamondhead golf course, and a marina are also identified in the surrounding area.
Key Highlights
- 1,380‑square‑foot condo with two bedrooms and two bathrooms
- Lake Catherine views with water access and a private deck
- Extra‑deep oversized two‑car garage with room for vehicles, gear, workshop use, or storage
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
$8,516
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
3.21%
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%
$170,320
$170.3K
Cap Rate 7%
$121,657
$121.7K
Cap Rate 9%
$94,622
$94.6K
Market Conditions
NOI Build-Up for 1,380 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
$16.6K $12.00/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$15.5K $11.22/SF
− OpEx
−$7.0K −$5.05/SF
NOI
$8.5K $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%
$170,320
Cap Rate 7%
$121,657
Cap Rate 9%
$94,622
Alternative Uses
Best Use
Apartment 5plus
$121.7K
$106.5K – $141.9K
NOI $8,516 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.4K
$220.8K – $294.4K
NOI $17,666 @ 7.0% cap · market cap 6.67%
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
20
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Updated two-level condo with lake views, private outdoor space, and an oversized garage in the Diamondhead community.
Where is this residential income property located?
The property is located at 179 Marina Point Hot Springs, AR.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,380‑square‑foot condo with two bedrooms and two bathrooms; Lake Catherine views with water access and a private deck; Extra‑deep oversized two‑car garage with room for vehicles, gear, workshop use, or storage
