End-Unit Residential Income
For Sale
$139,000
172 Cordero Lane, Hot Springs Village, AR 71909
Residential, Townhouse, Hot Springs Village, AR
Property Size1,546 SF
Lot Size0.03 Acres
Price / SF$89.91
Days on Market151
Property Features for 172 Cordero Lane
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Laundry Room, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1
Patio and Porch features
Porch, Patio
Interior features
Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Water Heater-Electric, Walk-in Shower, Kit Counter - Quartzite
Exterior features
Patio, Porch
Appliances
Free-Standing Stove, Dishwasher, Refrigerator-Stays
Subdivision
DESOTO COURTS TOWNHOUSE
Lot features
Sloped, Level, Cul-de-sac, In Subdivision, River/ Lake Area, Golf View
Directions
Form Hwy 7 travel to Desoto Blv. turn left on Emperado Way then left on Cordero Lane in the Desoto Courts Subdivision. 172 Cordero Lane.
Standard status
Active
Size
1,546 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Description
Lot 172, 002-172, 04-01S-19W
Tax Annual Amount
490
HOA Fee
$115 Monthly
Legal Description
Lot 172, 002-172, 04-01S-19W
Utilities
Water front
1
Building Details
Year built
1972
Floors in Building
2
Flooring type
Tile, Carpet
Roof type
Composition
Architectural style
Other
Listing Agency:
Fowler Auctioneers, Inc.
(870) 356-4848
Listed By:
Nick Fowler
(870) 356-9158
Added: May 10
Changed: Oct 5
Last Checked: Oct 7 at 7:06PM
MLS# 26019064
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 1,546+/- SF end-unit townhouse has two stories, three bedrooms, and one and a half baths. The primary bedroom and bath share the upper level with the other two bedrooms; the bath includes a jetted corner tub and walk-in shower. On the entry level, an expanded living room connects with the dining area, where a bay window frames the view. The updated kitchen has quartzite counters, built-in cabinets, and tile flooring.
The home was built in 1972 and occupies a 0.03-acre lot. Improvements include fresh interior and exterior paint, a heat pump approximately 5 years old, and a roof approximately 6 years old. A porch and patio provide additional outdoor areas.
The home was built in 1972 and occupies a 0.03-acre lot. Improvements include fresh interior and exterior paint, a heat pump approximately 5 years old, and a roof approximately 6 years old. A porch and patio provide additional outdoor areas.
Key Highlights
- End‑unit, two‑story townhouse with 3 bedrooms and 1.5 baths
- 1,546+/- SF on a 0.03‑acre lot
- Upper‑level primary suite features a jetted corner tub and walk‑in shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,540
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,800
$190.8K
Cap Rate 7%
$136,286
$136.3K
Cap Rate 9%
$106,000
$106.0K
Market Conditions
NOI Build-Up for 1,546 SF
Gross rent
$18.6K $12.00/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$17.3K $11.22/SF
− OpEx
−$7.8K −$5.05/SF
NOI
$9.5K $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 Rate 5%
$190,800
Cap Rate 7%
$136,286
Cap Rate 9%
$106,000
Alternative Uses
Best Use
Apartment 5plus
$136.3K
$119.3K – $159.0K
NOI $9,540 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.7K
$247.4K – $329.9K
NOI $19,791 @ 7.0% cap · market cap 14.24%
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
94
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 - A two-level layout includes three bedrooms, quartzite kitchen counters, and a dining area beside a bay window.
Where is this residential income property located?
The property is located at 172 Cordero Lane Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: End‑unit, two‑story townhouse with 3 bedrooms and 1.5 baths; 1,546+/- SF on a 0.03‑acre lot; Upper‑level primary suite features a jetted corner tub and walk‑in shower
