Three-Bedroom Residential Income
For Sale
$184,000
17 Huntleigh Drive, Hot Springs, AR 71901
Residential, Townhouse, Garden, Patio Home, Hot Springs, AR
Property Size1,380 SF
Price / SF$133.33
Days on Market173
Property Features for 17 Huntleigh Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Laundry Room
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
in-unit laundry
private deck
Building Details
Year built
1981
Floors in Building
2
Flooring type
Tile, Vinyl, Carpet
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: Oct 1
Last Checked: Oct 4 at 10:06PM
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 1,380-square-foot condominium, built in 1981, offers three bedrooms and two bathrooms in the Huntleigh Woods community. Interior features include custom cabinetry, hardwood flooring, soaring ceilings, a wood-burning fireplace, granite-slab kitchen counters, built-ins, a breakfast bar, walk-in closets, and in-unit laundry connections. The residence also includes a deck, patio, assigned covered parking, storage, and appliances that remain, including the refrigerator, electric range, dishwasher, microwave, and disposal.
The HOA covers grounds maintenance, trash service, access to a community pool, and use of a fitness center. The property is located in Hot Springs, Arkansas, near dining and shopping. Flooring includes carpet, tile, and vinyl, while the roof is composition.
The HOA covers grounds maintenance, trash service, access to a community pool, and use of a fitness center. The property is located in Hot Springs, Arkansas, near dining and shopping. Flooring includes carpet, tile, and vinyl, while the roof is composition.
Key Highlights
- 1,380‑square‑foot condominium with 3 bedrooms and 2 bathrooms
- Built in 1981 with custom cabinetry, hardwood flooring, soaring ceilings, and a wood‑burning fireplace
- Private deck and patio with mature‑tree surroundings
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
4.63%
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 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.4K
$220.8K – $294.4K
NOI $17,666 @ 7.0% cap · market cap 9.60%
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
602
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium with a private deck, covered parking, and community amenities maintained through the HOA.
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 $184,000.
What are key features of this property?
This property features: 1,380‑square‑foot condominium with 3 bedrooms and 2 bathrooms; Built in 1981 with custom cabinetry, hardwood flooring, soaring ceilings, and a wood‑burning fireplace; Private deck and patio with mature‑tree surroundings
