Updated Two-Bedroom Residential Income
New
For Sale
$199,900
208 Southridge A-1 Lane, Hot Springs, AR 71913
CONDOS - Hot Springs, AR
Property Size1,408 SF
Price / SF$141.97
Days on Market7
Property Features for 208 Southridge A-1 Lane
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
Parking features
Carport
Patio and Porch features
Patio
Interior features
Washer-Stays, Dryer-Stays, Water Heater-Electric, Window Treatments, Walk-In Closet(s), Built-Ins, Ceiling Fan(s), Walk-in Shower, Breakfast Bar
Exterior features
Patio, Outside Storage Area, Guttering
Appliances
Microwave, Electric Range, Dishwasher, Pantry, Refrigerator-Stays
Subdivision
FOREST HEIGHTS HPR
Lot features
Level, Extra Landscaping, In Subdivision, River/ Lake Area, Near Bus Stop
Directions
Central Avenue to Television Hill to Southridge
Standard status
Active
Size
1,408 SF
Taxes and HOA fees
Tax Description
BLDG A UNIT 1
Tax Annual Amount
1769
HOA Fee
$230 Monthly
Legal Description
BLDG A UNIT 1
Amenities
sunroom
patio
storage unit
Building Details
Year built
2004
Flooring type
Tile, Vinyl
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Southern Realty of Hot Springs, Inc.
(501) 321-2025
Listed By:
Holly Robertson · License #00051450
(501) 204-2958
Added: Aug 14
Changed: Aug 16
Last Checked: Aug 20 at 9:06AM
MLS# 26033341
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 1,408-square-foot, walk-in-level residential income property includes two bedrooms, two bathrooms, and an extended living area with a sunroom. Recent improvements include new flooring and fresh interior paint. The kitchen and dining area feature solid cabinetry, a large pantry with pull-out drawers, a lazy Susan, breakfast bar, electric range, dishwasher, microwave, and refrigerator. Both bedrooms have walk-in closets, while the primary suite includes a walk-in shower and the guest bath offers a tub and shower combination.
Outdoor features include a private patio with a garden area, two covered parking spaces, guttering, and an 8 x 10 storage unit located across the parking lot. The storage area also includes storm-shelter space. The HOA covers trash pickup and exterior insurance. The property is less than 2 miles from Oaklawn Thoroughbred Racetrack & Casino Resort Event Center & Spa and is located behind Walgreens near Central Avenue and the expressway.
Outdoor features include a private patio with a garden area, two covered parking spaces, guttering, and an 8 x 10 storage unit located across the parking lot. The storage area also includes storm-shelter space. The HOA covers trash pickup and exterior insurance. The property is less than 2 miles from Oaklawn Thoroughbred Racetrack & Casino Resort Event Center & Spa and is located behind Walgreens near Central Avenue and the expressway.
Key Highlights
- 1,408‑square‑foot walk‑in‑level condo with 2 bedrooms and 2 bathrooms
- Updated with new flooring and fresh interior paint
- Extended living room with an enclosed sunroom
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
$8,689
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
4.35%
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%
$173,780
$173.8K
Cap Rate 7%
$124,129
$124.1K
Cap Rate 9%
$96,544
$96.5K
Market Conditions
NOI Build-Up for 1,408 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
$16.9K $12.00/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$15.8K $11.22/SF
− OpEx
−$7.1K −$5.05/SF
NOI
$8.7K $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%
$173,780
Cap Rate 7%
$124,129
Cap Rate 9%
$96,544
Alternative Uses
Best Use
Apartment 5plus
$124.1K
$108.6K – $144.8K
NOI $8,689 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$257.5K
$225.3K – $300.4K
NOI $18,025 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
979
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 - Walk-in-level condo with a sunroom, two covered parking spaces, private patio, and dedicated storage.
Where is this residential income property located?
The property is located at 208 Southridge A-1 Lane Hot Springs, AR.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,408‑square‑foot walk‑in‑level condo with 2 bedrooms and 2 bathrooms; Updated with new flooring and fresh interior paint; Extended living room with an enclosed sunroom
