Residential Income Property with Private
For Sale
$188,000
17 Huntleigh Drive, Hot Springs, AR 71901
TOWNHOME - Hot Springs, AR
Property Size1,380 SF
Price / SF$136.23
Days on Market131
Property Features for 17 Huntleigh Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
Parking features
Carport, Assigned
Patio and Porch features
Deck, Patio
Interior features
Washer Connection, Dryer Connection-Electric, Smoke Detector(s), Walk-In Closet(s), Built-Ins, Breakfast Bar, Kit Counter- Granite Slab
Exterior features
Patio, Deck
Fireplace
1
Appliances
Microwave, Electric Range, Dishwasher, Disposal, Pantry, Refrigerator-Stays
Subdivision
HUNTLEIGH WOODS HPR
Lot features
Level, Extra Landscaping, In Subdivision
Middle school
Hot Springs
High school
Hot Springs
Directions
Central to left on Grand, to Right on Malvern Avenue to Right into Huntleigh Woods Condominium Townhouse Community.
Standard status
Active
Size
1,380 SF
Taxes and HOA fees
Tax Description
Bldg 5 Unit 17 Huntleigh Wood
HOA Fee
$277 Monthly
Legal Description
Bldg 5 Unit 17 Huntleigh Wood
Amenities
community pool
fitness center
wood-burning fireplace
private deck
in-unit laundry
covered parking
Building Details
Year built
1981
Floors in Building
2
Flooring type
Tile, Carpet, Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
McGraw Realtors - HSV
(501) 922-0707
Listed By:
Dez Savoy
(617) 921-0873
Added: Apr 15
Changed: Aug 12
Last Checked: Aug 23 at 6:06PM
MLS# 26015864
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 residential income property offers 1,380 square feet with three bedrooms and two bathrooms. The interior includes custom cabinetry, hardwood floors, tile, carpet, vinyl flooring, built-ins, a granite-slab kitchen counter, breakfast bar, walk-in closet, pantry, and in-unit laundry connections. A wood-burning fireplace adds a defined gathering feature, while the private deck and patio extend the usable living area outdoors. The property was built in 1981 and has a composition roof.
Located at 17 Huntleigh Drive in Hot Springs, the residence includes assigned covered parking and storage. The HOA covers grounds and trash and provides access to a community pool and fitness center. Included appliances are a microwave, electric range, dishwasher, disposal, and refrigerator.
Located at 17 Huntleigh Drive in Hot Springs, the residence includes assigned covered parking and storage. The HOA covers grounds and trash and provides access to a community pool and fitness center. Included appliances are a microwave, electric range, dishwasher, disposal, and refrigerator.
Key Highlights
- 1,380‑square‑foot residence with 3 bedrooms and 2 bathrooms
- Wood‑burning fireplace, custom cabinetry, hardwood floors, and granite‑slab kitchen counter
- Private deck and patio surrounded by mature trees
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
$8,516
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
4.53%
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%
$170,320
$170.3K
Cap Rate 7%
$121,657
$121.7K
Cap Rate 9%
$94,622
$94.6K
Market Conditions
NOI Build-Up for 1,380 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
$16.6K $12.00/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$15.5K $11.22/SF
− OpEx
−$7.0K −$5.05/SF
NOI
$8.5K $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%
$170,320
Cap Rate 7%
$121,657
Cap Rate 9%
$94,622
Alternative Uses
Best Use
Apartment 5plus
$121.7K
$106.5K – $141.9K
NOI $8,516 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.4K
$220.8K – $294.4K
NOI $17,666 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Explore this area
Business Placement
Demographics for 71901, AR
29,363
Population
14,952
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
88%
High-School Grad
101.9 sq mi
ZIP Area
288
Density / Sq Mi
$52,410
Median Household Income
$35,604
Median Earnings
$797
Median Rent
$173,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom residence with low-maintenance ownership, assigned covered parking, and community amenities.
Where is this residential income property located?
The property is located at 17 Huntleigh Drive Hot Springs, AR.
What is the asking price?
The asking price for this property is $188,000.
What are key features of this property?
This property features: 1,380‑square‑foot residence with 3 bedrooms and 2 bathrooms; Wood‑burning fireplace, custom cabinetry, hardwood floors, and granite‑slab kitchen counter; Private deck and patio surrounded by mature trees
