Condominium Near Lake
181 Fish Hatchery Road Hot Springs, AR 71913
For Sale
$410,000
CONDOS - Hot Springs, AR
Property Size1,776 SF
Price / SF$230.86
Days on Market53
Property Features for 181 Fish Hatchery Road
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 1, Bedroom 1, Laundry Room, Bathroom 2, Bedroom 2, Bedroom 3
- Patio and Porch features
- Porch, Patio
- Interior features
- Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Smoke Detector(s), Walk-In Closet(s), Ceiling Fan(s), Breakfast Bar, Kit Counter- Granite Slab
- Exterior features
- Patio, Porch, Guttering, Boat Dock
- Appliances
- Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Pantry, Ice Maker Connection
- Standard status
- Active
- APN
- 200-05415-007-000
- Size
- 1,776 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Unit M3-Blue Heron HPR
- Tax Annual Amount
- 2711
Utilities
- Water front
- 1
Building Details
- Year built
- 2006
- Floors in Building
- 2
- Flooring type
- Vinyl, Tile
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
Realty One Group - Pinnacle
(501) 653-7537
Listed By:
RJ Hawk
(501) 269-7522
Added: Jun 2
Changed: Jul 22
Last Checked: Jul 24 at 9:06AM
MLS# 26022148
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 condominium provides a functional two-level layout with space for entertaining downstairs and bedrooms located upstairs. The property is positioned to support short-term rental use, with that allowance noted in the listing remarks.
Located in Hot Springs, Arkansas, the home is described as being on Lake Hamilton. Community amenities are close by, with a pool and a boat dock within steps of the unit.
With a total size of 1,776 square feet, the residence is intended to serve both everyday living and investment-focused occupancy under the stated short-term rental allowance.
Located in Hot Springs, Arkansas, the home is described as being on Lake Hamilton. Community amenities are close by, with a pool and a boat dock within steps of the unit.
With a total size of 1,776 square feet, the residence is intended to serve both everyday living and investment-focused occupancy under the stated short-term rental allowance.
Key Highlights
- 2006‑built home with lake access on Lake Hamilton
- Community pool and boat dock located steps from the unit
- Short‑term rentals are allowed
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.1k | $10.20 |
| − Vacancy | −$1.4k | −$0.77 |
| EGI | $16.8k | $9.44 |
| − OpEx | −$5.0k | −$2.83 |
| NOI | $11.7k | $6.60 |
1,776 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$167.6K
$146.6K – $195.5K
NOI $11,730 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$156.6K
$137.0K – $182.7K
NOI $10,960 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$324.8K
$284.2K – $378.9K
NOI $22,736 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fish Hatchery Rentals
Vacation Rental
Blue Herron Condominiums
Condominium Complex
FAQs
What type of property is this?
Duplex - Condo offers downstairs entertaining space, bedrooms upstairs, and short-term rentals allowed near a community pool and boat dock.
Where is this duplex located?
The property is located at 181 Fish Hatchery Road Hot Springs, AR.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 2006‑built home with lake access on Lake Hamilton; Community pool and boat dock located steps from the unit; Short‑term rentals are allowed
