Three-Bedroom Duplex with
New
For Sale
$239,000
117 B SHADOW PEAK, Hot Springs, AR 71913
Residential, Traditional, Hot Springs, AR
Property Size1,460 SF
Price / SF$163.70
Days on Market4
Property Features for 117 B SHADOW PEAK
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Den, Bathroom 1, Bedroom 1, Bedroom 2, Laundry Room, Bedroom 3, Bathroom 3
Parking features
Garage
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Window Treatments, Walk-In Closet(s), Ceiling Fan(s), Breakfast Bar
Exterior features
Partially Fenced, Wood Fence
Fencing
Partial, Wood
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Pantry, Refrigerator-Stays
Subdivision
Shadow Peak HPR
Lot features
Level, Cul-de-sac, Wooded, Cleared, In Subdivision
Directions
7 South to right on Amity Road to right into Shadow Peak
Standard status
Active
Size
1,460 SF
Taxes and HOA fees
Tax Description
Shadow Peak
Tax Annual Amount
1340
HOA Fee
$21 Monthly
Legal Description
Shadow Peak
Amenities
garage
privacy fenced backyard
Building Details
Year built
2008
Floors in Building
2
Flooring type
Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
Trademark Real Estate, Inc.
(501) 318-3200
Listed By:
Mary Anne Couch
(501) 276-4546
Added: Aug 29
Changed: Sep 1
Last Checked: Sep 1 at 11:06PM
MLS# 26035319
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 1,460-square-foot duplex was built in 2008 and includes three bedrooms, three bathrooms, a garage, and vinyl flooring. Interior features include a breakfast bar, walk-in closet, ceiling fans, window treatments, and connections for a washer and electric dryer. The kitchen is equipped with an electric range, dishwasher, disposal, microwave, pantry, and refrigerator. The home also has an electric water heater, composition roofing, and a wood privacy fence along part of the yard.
Located at 117 B Shadow Peak in Hot Springs, the property is within the Lakeside School District. Its all-electric setup and existing garage provide practical features for residential occupancy.
Located at 117 B Shadow Peak in Hot Springs, the property is within the Lakeside School District. Its all-electric setup and existing garage provide practical features for residential occupancy.
Key Highlights
- Duplex with 1,460 square feet of space
- Three bedrooms and three bathrooms
- Built in 2008
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
$9,643
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
4.03%
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%
$192,860
$192.9K
Cap Rate 7%
$137,757
$137.8K
Cap Rate 9%
$107,144
$107.1K
Market Conditions
NOI Build-Up for 1,460 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
$14.9K $10.20/SF
− Vacancy
−$1.1K −$0.77/SF
EGI
$13.8K $9.44/SF
− OpEx
−$4.1K −$2.83/SF
NOI
$9.6K $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%
$192,860
Cap Rate 7%
$137,757
Cap Rate 9%
$107,144
Alternative Uses
Best Use
Multifamily LT 5
$137.8K
$120.5K – $160.7K
NOI $9,643 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$128.7K
$112.6K – $150.2K
NOI $9,010 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$267.0K
$233.6K – $311.5K
NOI $18,690 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
18
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
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Frequently Asked Questions
What type of property is this?
Duplex - Built in 2008, the property offers three bedrooms, three bathrooms, electric appliances, and a partially fenced yard.
Where is this duplex located?
The property is located at 117 B SHADOW PEAK Hot Springs, AR.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Duplex with 1,460 square feet of space; Three bedrooms and three bathrooms; Built in 2008
