Two-Bedroom Condo with
New
For Sale
$132,900
160 Cooper Street, Hot Springs, AR 71913
Residential, Traditional, Hot Springs, AR
Property Size1,268 SF
Price / SF$104.81
Days on Market3
Property Features for 160 Cooper Street
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2, Laundry Room
Parking features
Assigned, Carport
Patio and Porch features
Porch
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Kit Counter-Granite Tiles
Exterior features
Porch
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Dishwasher, Pantry, Refrigerator-Stays
Subdivision
Shadowbrook HPR Phase II
Lot features
Level, Creek, Not in Subdivision
Elementary school
Hot Springs
Middle school
Hot Springs
High school
Hot Springs
Directions
Albert Pike, Right on Cooper St. Right at the entrance of Shadowbrook, condo is on the Left.
Standard status
Active
Size
1,268 SF
Taxes and HOA fees
Tax Description
21/00C
Tax Annual Amount
44
HOA Fee
$130 Monthly
Legal Description
21/00C
Amenities
wood burning fireplace
balcony
club house
inground pool
laundry room
Building Details
Year built
1978
Floors in Building
2
Flooring type
Tile, Vinyl, Carpet
Roof type
Shingle
Architectural style
Other
Listing Agency:
Old South Realty
(501) 315-4554
Listed By:
Denise Hyde · License #00052119
(501) 315-4933
Added: Oct 2
Last Checked: Oct 4 at 9:06PM
MLS# 26040084
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 1,268-square-foot condominium contains two bedrooms and two bathrooms in an open-plan layout. The living area features a wood-burning fireplace and opens to a balcony through double glass doors. The kitchen has granite countertops, painted cabinetry, and stainless-steel appliances, with a pantry and separate laundry room nearby. The primary bedroom has a private bathroom with a shower; the second bedroom connects directly to the main bathroom. Built in 1978, the unit also includes assigned parking and a carport.
A clubhouse and in-ground pool are available to residents. Monthly dues cover trash service, a termite contract, and insurance.
A clubhouse and in-ground pool are available to residents. Monthly dues cover trash service, a termite contract, and insurance.
Key Highlights
- 1,268‑square‑foot condominium with 2 bedrooms and 2 bathrooms
- Open‑plan living area with wood‑burning fireplace and balcony access
- Updated kitchen with granite countertops, painted cabinets, and stainless‑steel appliances
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
$7,825
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
5.89%
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%
$156,500
$156.5K
Cap Rate 7%
$111,786
$111.8K
Cap Rate 9%
$86,944
$86.9K
Market Conditions
NOI Build-Up for 1,268 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
$15.2K $12.00/SF
− Vacancy
−$989 −$0.78/SF
EGI
$14.2K $11.22/SF
− OpEx
−$6.4K −$5.05/SF
NOI
$7.8K $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%
$156,500
Cap Rate 7%
$111,786
Cap Rate 9%
$86,944
Alternative Uses
Best Use
Apartment 5plus
$111.8K
$97.8K – $130.4K
NOI $7,825 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$231.9K
$202.9K – $270.5K
NOI $16,232 @ 7.0% cap · market cap 12.21%
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
492
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 - Residents have access to a community clubhouse and in-ground pool.
Where is this residential income property located?
The property is located at 160 Cooper Street Hot Springs, AR.
What is the asking price?
The asking price for this property is $132,900.
What are key features of this property?
This property features: 1,268‑square‑foot condominium with 2 bedrooms and 2 bathrooms; Open‑plan living area with wood‑burning fireplace and balcony access; Updated kitchen with granite countertops, painted cabinets, and stainless‑steel appliances
