Short-Term Rental Condo with Boat
For Sale
$245,000
740 Weston Road, Hot Springs, AR 71913
Residential, Traditional, Hot Springs, AR
Property Size1,178 SF
Price / SF$207.98
Days on Market293
Property Features for 740 Weston Road
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Den, Bedroom 1, Bedroom 2, Bathroom 2
Parking features
Assigned
Patio and Porch features
Patio
Interior features
Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Water Heater-Electric, Window Treatments, Walk-in Shower, Breakfast Bar, Furnished, Elevator
Exterior features
Patio, Inground Pool, Tennis Court, Boat Dock
Accessibility
Accessible Elevator Installed
Appliances
Built-In Stove, Electric Range, Refrigerator-Stays
Subdivision
BEACON MANOR HPR
Lot features
In Subdivision, Lake View, Lake Front
Directions
West on Airport Rd. (Hwy 70W) to Right on Weston Rd. just past the MLK over pass. First left on Weston Rd. into Beacon Manor complex. Gated entrance.
Standard status
Active
Size
1,178 SF
Taxes and HOA fees
Tax Description
LOT C-311, Beacon Manor HPR,
Tax Annual Amount
2389
HOA Fee
$285 Monthly
Legal Description
LOT C-311, Beacon Manor HPR,
Utilities
Water front
1
Amenities
gated entrance
swimming pool
tennis courts
covered patio area
pool table
outdoor grills
manager's office
family room
boat slip
Building Details
Year built
1963
Floors in Building
1
Architectural style
Other
Listing Agency:
Trademark Real Estate, Inc.
(501) 318-3200
Listed By:
Tammy Browning
(501) 881-9490
Added: Nov 13, 2025
Changed: Aug 19
Last Checked: Sep 2 at 5:06AM
MLS# 25045409
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 furnished condominium offers 1,178 square feet with two bedrooms, two bathrooms, a den, and an open living arrangement that includes a breakfast bar. The residence has been updated and includes window treatments, a walk-in shower, an electric water heater, and an elevator. Furnishings and select appliances remain, including the electric range, refrigerator, washer, and dryer. A boat slip is included, supporting use as a vacation rental or weekend residence.
Community amenities include a gated entrance, inground pool, tennis court, covered patio area, pool table, outdoor grills, family room, and manager’s office. The property also includes one assigned covered parking space and an accessible elevator. Built in 1963, the condominium is located in Hot Springs near Lake Hamilton.
Community amenities include a gated entrance, inground pool, tennis court, covered patio area, pool table, outdoor grills, family room, and manager’s office. The property also includes one assigned covered parking space and an accessible elevator. Built in 1963, the condominium is located in Hot Springs near Lake Hamilton.
Key Highlights
- 1,178‑square‑foot furnished condo with 2 bedrooms and 2 bathrooms
- Boat slip included with the property
- Updated interior with furnishings, refrigerator, washer, dryer, and electric range
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
$7,269
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
2.97%
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%
$145,380
$145.4K
Cap Rate 7%
$103,843
$103.8K
Cap Rate 9%
$80,767
$80.8K
Market Conditions
NOI Build-Up for 1,178 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
$14.1K $12.00/SF
− Vacancy
−$919 −$0.78/SF
EGI
$13.2K $11.22/SF
− OpEx
−$5.9K −$5.05/SF
NOI
$7.3K $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%
$145,380
Cap Rate 7%
$103,843
Cap Rate 9%
$80,767
Alternative Uses
Best Use
Apartment 5plus
$103.8K
$90.9K – $121.2K
NOI $7,269 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$215.4K
$188.5K – $251.3K
NOI $15,080 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
186
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?
Short term rental property - Updated, furnished two-bedroom retreat with shared recreational amenities and one covered parking space.
Where is this short term rental property located?
The property is located at 740 Weston Road Hot Springs, AR.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 1,178‑square‑foot furnished condo with 2 bedrooms and 2 bathrooms; Boat slip included with the property; Updated interior with furnishings, refrigerator, washer, dryer, and electric range
