End-Unit Residential Income
For Sale
$169,900
29 Dulzura Way, Hot Springs Village, AR 71909
TOWNHOME - Hot Springs Village, AR
Property Size1,344 SF
Lot Size0.05 Acres
Price / SF$126.41
Days on Market62
Property Features for 29 Dulzura Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
Patio and Porch features
Porch
Exterior features
Screened Porch, Outside Storage Area, Guttering
Appliances
Free-Standing Stove, Dishwasher, Refrigerator-Stays
Subdivision
Lacoruna Courts
Lot features
Level
Directions
From West gate go east on Desoto Blvd, left at Calella (blinking red light), cross Barcelona, left on Dulaura Way. Town is the last one on the left.
Standard status
Active
Size
1,344 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Description
Lot15 Block 2 La Corona CT
Tax Annual Amount
675
HOA Fee
$116 Monthly
Legal Description
Lot15 Block 2 La Corona CT
Amenities
sunroom/porch
outdoor storage
Building Details
Year built
1984
Floors in Building
1
Flooring type
Vinyl
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
McGraw Realtors - HSV
(501) 922-0707
Listed By:
Brenda Langley · License #SA00084812
(501) 226-8781
Added: Jun 25
Changed: Aug 17
Last Checked: Aug 25 at 2:06AM
MLS# 26025955
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 single-level end-unit townhome in Hot Springs Village offers 1,344 square feet with two bedrooms and an office area that can serve as a third bedroom. The home includes a sunroom/porch, two bathrooms, luxury vinyl flooring, fresh interior paint, and a composition roof. Kitchen equipment includes a free-standing stove, dishwasher, and refrigerator. A renovated shower, upgraded high toilets, and guttering add to the improvements.
The 0.05-acre property includes three parking places and two outdoor storage areas. Its location at 29 Dulzura Way provides access to the Westgate and Hwy 7 within a short run. The townhome was built in 1984 and includes a screened porch along with exterior storage.
The 0.05-acre property includes three parking places and two outdoor storage areas. Its location at 29 Dulzura Way provides access to the Westgate and Hwy 7 within a short run. The townhome was built in 1984 and includes a screened porch along with exterior storage.
Key Highlights
- 1,344‑square‑foot single‑level end‑unit townhome
- Two bedrooms plus an office area usable as a third bedroom
- New kitchen appliances and composition roof as of Aug 2022
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
$8,294
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
4.88%
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%
$165,880
$165.9K
Cap Rate 7%
$118,486
$118.5K
Cap Rate 9%
$92,156
$92.2K
Market Conditions
NOI Build-Up for 1,344 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
$16.1K $12.00/SF
− Vacancy
−$1.0K −$0.78/SF
EGI
$15.1K $11.22/SF
− OpEx
−$6.8K −$5.05/SF
NOI
$8.3K $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%
$165,880
Cap Rate 7%
$118,486
Cap Rate 9%
$92,156
Alternative Uses
Best Use
Apartment 5plus
$118.5K
$103.7K – $138.2K
NOI $8,294 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$245.8K
$215.1K – $286.8K
NOI $17,205 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 71909, AR
17,935
Population
10,563
Households
1.7
Avg Household Size
67
Median Age
33%
College-Educated
97%
High-School Grad
79.3 sq mi
ZIP Area
226
Density / Sq Mi
$69,171
Median Household Income
$31,165
Median Earnings
$1,143
Median Rent
$255,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated interior with updated appliances, vinyl flooring, and a screened porch.
Where is this residential income property located?
The property is located at 29 Dulzura Way Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 1,344‑square‑foot single‑level end‑unit townhome; Two bedrooms plus an office area usable as a third bedroom; New kitchen appliances and composition roof as of Aug 2022
