Townhouse with Private
For Sale
$119,900
17 Lindsay Lane, Hot Springs Village, AR 71909
The single-level home has two bedrooms, one-and-a-half baths, and a private outdoor area.
Property Size1,120 SF
Price / SF$107.05
Days on Market103
Property Features for 17 Lindsay Lane
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Condo/Townhse/Duplex/Apt
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Amenities
refrigerator
washer
dryer
storage room
private back deck
Building Details
Year Built
1986
Stories
1
Construction
townhouse
Listing Agency:
RE/MAX of Hot Springs Village
(501) 922-3777
Listed By:
Charlotte Hitchens
(501) 922-7050
Source:
Blairrealtors
Added: Jul 25
Changed: Nov 3
Last Checked: Nov 4 at 6:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX of Hot Springs Village
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Investment Insights
Based on property information with market context.
This one-level townhouse contains 1,120 square feet, with two bedrooms and one-and-a-half baths. Built in 1986, it has laminate flooring, updated countertops, and a separate storage room. A refrigerator, washer, and dryer are included, and a private deck extends the living area outdoors.
Key Highlights
- 1,120‑square‑foot, single‑level townhouse
- Two bedrooms and 1½ baths
- Built in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,912
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$138,240
$138.2K
Cap Rate 7%
$98,743
$98.7K
Cap Rate 9%
$76,800
$76.8K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$13.4K $12.00/SF
− Vacancy
−$874 −$0.78/SF
EGI
$12.6K $11.22/SF
− OpEx
−$5.7K −$5.05/SF
NOI
$6.9K $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%
$138,240
Cap Rate 7%
$98,743
Cap Rate 9%
$76,800
Alternative Uses
Best Use
Apartment 5plus
$98.7K
$86.4K – $115.2K
NOI $6,912 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$204.8K
$179.2K – $239.0K
NOI $14,338 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
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Business Placement
Demographics for 71909, AR
17,935
Population
10,563
Households
1.7
Avg Household Size
67
Median Age
33%
College-Educated
97%
High-School Grad
79.3 sq mi
ZIP Area
226
Density / Sq Mi
$69,171
Median Household Income
$31,165
Median Earnings
$1,143
Median Rent
$255,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The single-level home has two bedrooms, one-and-a-half baths, and a private outdoor area.
Where is this residential income property located?
The property is located at 17 Lindsay Lane Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: 1,120‑square‑foot, single‑level townhouse; Two bedrooms and 1½ baths; Built in 1986
