Updated Two-Unit
For Sale
$169,000
312 A&B Hagen Street, Hot Springs, AR 71913
Multi-Family, Traditional, Hot Springs, AR
Property Size2,268 SF
Lot Size0.15 Acres
Price / SF$74.51
Days on Market32
Property Features for 312 A&B Hagen Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Appliances
Free-Standing Stove, Refrigerator-Stays, Free-Standing Stove, Refrigerator-Stays
Subdivision
Groves
Lot features
Level
Directions
Take Grand Ave, left on Central, right on Hagen and duplex is on right. Take W Grand Ave, right on Hobson, left on Cooper, lot will be on left.
Standard status
Active
Size
2,268 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
Blk3, Lot2 Dawer's Subdivision
Tax Annual Amount
1029
Legal Description
Blk3, Lot2 Dawer's Subdivision
Building Details
Year built
1939
Floors in Building
1
Number of units
2
Flooring type
Wood, Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
ESQ. Realty Group - Hot Springs
(501) 255-0509
Listed By:
Randy Whitehead · License #SA00093211
(501) 844-9011
Added: Aug 14
Changed: Sep 12
Last Checked: Sep 14 at 4:06AM
MLS# 26033209
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 2,268-square-foot duplex, built in 1939, contains two residential units with matching layouts of 2 bedrooms and 1 full bathroom each. Interior finishes include wood and vinyl flooring, while each unit is equipped with a free-standing stove and refrigerator. The property has undergone recent repairs and updates, and both units were recently rented.
The offering also includes a 0.15-acre vacant lot on Cooper Street in Hot Springs. Any future development or construction on the additional parcel remains subject to applicable zoning and local approvals. The primary property is located at 312 A&B Hagen Street, Hot Springs, Arkansas 71913.
The offering also includes a 0.15-acre vacant lot on Cooper Street in Hot Springs. Any future development or construction on the additional parcel remains subject to applicable zoning and local approvals. The primary property is located at 312 A&B Hagen Street, Hot Springs, Arkansas 71913.
Key Highlights
- Two‑unit duplex with 2,268 square feet
- Each unit offers 2 bedrooms and 1 full bathroom
- Both units were recently rented
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
$14,979
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
8.86%
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%
$299,580
$299.6K
Cap Rate 7%
$213,986
$214.0K
Cap Rate 9%
$166,433
$166.4K
Market Conditions
NOI Build-Up for 2,268 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
$23.1K $10.20/SF
− Vacancy
−$1.7K −$0.77/SF
EGI
$21.4K $9.44/SF
− OpEx
−$6.4K −$2.83/SF
NOI
$15.0K $6.60/SF
Area
Garland County, AR
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$299,580
Cap Rate 7%
$213,986
Cap Rate 9%
$166,433
Alternative Uses
Best Use
Multifamily LT 5
$214.0K
$187.2K – $249.7K
NOI $14,979 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$199.9K
$175.0K – $233.3K
NOI $13,996 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$414.8K
$362.9K – $483.9K
NOI $29,034 @ 7.0% cap · market cap 17.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,580
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with refreshed interiors, separate living units, and a supplemental vacant lot on Cooper Street.
Where is this duplex located?
The property is located at 312 A&B Hagen Street Hot Springs, AR.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,268 square feet; Each unit offers 2 bedrooms and 1 full bathroom; Both units were recently rented
