Two-Bedroom Residential Income
For Sale
$145,000
1100 Woodlawn Avenue Unit 19, Hot Springs, AR 71913
Residential, Traditional, Hot Springs, AR
Property Size1,078 SF
Price / SF$134.51
Days on Market66
Property Features for 1100 Woodlawn Avenue Unit 19
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Parking features
Carport, Assigned
Patio and Porch features
Patio, Porch
Interior features
Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Water Heater-Gas, Smoke Detector(s), Window Treatments, Walk-In Closet(s), Ceiling Fan(s)
Exterior features
Patio, Porch, Outside Storage Area, Inground Pool, Guttering
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Ice Maker Connection, Water Filter
Subdivision
WILLOWBROOK TERRACE HPR
Lot features
Sloped, Level, Creek, Wooded, Cleared, Extra Landscaping
Elementary school
Hot Springs
Middle school
Hot Springs
High school
Hot Springs
Directions
From Orange Street, Turn right onto Central Ave, right onto Higdon Ferry Rd , Turn right onto Woodlawn Ave, Destination will be on the left
Standard status
Active
APN
400-70450-011-000
Size
1,078 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
Block/Lot: 001/E3
Tax Annual Amount
680
HOA Fee
$275 Monthly
Legal Description
Block/Lot: 001/E3
Building Details
Year built
1984
Floors in Building
1
Flooring type
Vinyl
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
CBRPM Hot Springs · Coldwell Banker Real Estate
(501) 525-7355
Listed By:
Sean Edds · License #SA00080170
(501) 617-0636
Added: Jul 31
Changed: Oct 1
Last Checked: Oct 4 at 10:06PM
MLS# 26031285
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 1,078-square-foot, ground-floor residential unit was built in 1984 and has two bedrooms and two bathrooms. Interior features include a primary suite with two walk-in closets, vinyl flooring, a gas water heater, ceiling fans, and a washer and dryer that stay. The kitchen has Brazilian quartz countertops, a water filter, a stove, a microwave, and a dishwasher. Both bathrooms have updated finishes, including a steel tub with a tile surround in one and a tiled walk-in shower in the other. Smart-home equipment includes a Nest thermostat, smart ceiling fans, a smart door lock, and a Ring doorbell.
Outdoor and community features include a patio, porch, outside storage, an assigned carport space, and an inground pool. The pool is within walking distance of the unit.
Outdoor and community features include a patio, porch, outside storage, an assigned carport space, and an inground pool. The pool is within walking distance of the unit.
Key Highlights
- 1,078‑square‑foot ground‑floor unit with two bedrooms and two bathrooms
- Primary suite has two walk‑in closets
- Kitchen features Brazilian quartz countertops and a water filter
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
$6,652
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
4.59%
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%
$133,040
$133.0K
Cap Rate 7%
$95,029
$95.0K
Cap Rate 9%
$73,911
$73.9K
Market Conditions
NOI Build-Up for 1,078 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
$12.9K $12.00/SF
− Vacancy
−$841 −$0.78/SF
EGI
$12.1K $11.22/SF
− OpEx
−$5.4K −$5.05/SF
NOI
$6.7K $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%
$133,040
Cap Rate 7%
$95,029
Cap Rate 9%
$73,911
Alternative Uses
Best Use
Apartment 5plus
$95.0K
$83.2K – $110.9K
NOI $6,652 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$197.1K
$172.5K – $230.0K
NOI $13,800 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
143
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The ground-floor unit includes two bathrooms, a primary suite with dual walk-in closets, and a patio.
Where is this residential income property located?
The property is located at 1100 Woodlawn Avenue Unit 19 Hot Springs, AR.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 1,078‑square‑foot ground‑floor unit with two bedrooms and two bathrooms; Primary suite has two walk‑in closets; Kitchen features Brazilian quartz countertops and a water filter
