Residential Income Property with Boat
For Sale
$299,900
1141 Twin Points Rd, Hot Springs, AR 71913
Residential, Hot Springs, AR
Property Size1,404 SF
Price / SF$213.60
Days on Market263
Property Features for 1141 Twin Points Rd
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
Parking features
Assigned
Patio and Porch features
Deck
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Window Treatments, Ceiling Fan(s), Walk-in Shower
Exterior features
Deck, Seawall
Fireplace
1
Appliances
Microwave, Electric Range, Dishwasher, Disposal, Ice Maker Connection
Subdivision
Sutton Place HPR
Lot features
Level, Extra Landscaping, In Subdivision, Lake Front
Directions
From HSBOR turn right on Orange, right on Central, right on Higdon Ferry Rd.,straight on Twin Points, complex is on the left and unit is on the water
Standard status
Active
APN
400-63200-008-000
Size
1,404 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
See Associated Doc
Tax Annual Amount
1754
HOA Fee
$270 Monthly
Legal Description
See Associated Doc
Utilities
Water front
1
Amenities
outdoor deck
covered boat slip
Building Details
Year built
1975
Floors in Building
1
Flooring type
Tile
Roof type
Composition
Listing Agency:
Hot Springs Realty
(501) 525-4178
Listed By:
Robert Shannon · License #EB00059898
(501) 318-7571
Added: Jan 15
Changed: Oct 5
Last Checked: Oct 5 at 6:06PM
MLS# 26004720
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 1,404-square-foot upstairs condominium was built in 1975 and has been updated throughout. It is offered furnished and includes two bedrooms, two bathrooms, tile flooring, a fireplace, and a deck. Interior features include a walk-in shower, ceiling fans, window treatments, and washer and electric dryer connections. The kitchen has an electric range, microwave, dishwasher, disposal, and an ice maker connection.
The deck overlooks Lake Hamilton, with views toward the lake’s main channel. A covered boat slip is located outside the building. The property also includes a seawall and assigned parking.
The deck overlooks Lake Hamilton, with views toward the lake’s main channel. A covered boat slip is located outside the building. The property also includes a seawall and assigned parking.
Key Highlights
- 1,404‑square‑foot upstairs condominium with two bedrooms and two bathrooms
- Covered boat slip located outside the building
- Deck with views of Lake Hamilton and its main channel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,664
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,280
$173.3K
Cap Rate 7%
$123,771
$123.8K
Cap Rate 9%
$96,267
$96.3K
Market Conditions
NOI Build-Up for 1,404 SF
Gross rent
$16.8K $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 Rate 5%
$173,280
Cap Rate 7%
$123,771
Cap Rate 9%
$96,267
Alternative Uses
Best Use
Apartment 5plus
$123.8K
$108.3K – $144.4K
NOI $8,664 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$256.8K
$224.7K – $299.6K
NOI $17,973 @ 7.0% cap · market cap 5.99%
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
39
Businesses Nearby
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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 - An updated, furnished upstairs residence includes a covered boat slip and a deck with views across Lake Hamilton.
Where is this residential income property located?
The property is located at 1141 Twin Points Rd Hot Springs, AR.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,404‑square‑foot upstairs condominium with two bedrooms and two bathrooms; Covered boat slip located outside the building; Deck with views of Lake Hamilton and its main channel
