Updated Residential Income
For Sale
$265,000
179 Marina Point, Hot Springs, AR 71913
TOWNHOME - Hot Springs, AR
Property Size1,380 SF
Price / SF$192.03
Days on Market54
Property Features for 179 Marina Point
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Parking features
Garage
Patio and Porch features
Patio, Deck
Interior features
Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Walk-In Closet(s), Ceiling Fan(s), Breakfast Bar, Kit Counter- Granite Slab
Exterior features
Patio, Deck
Appliances
Free-Standing Stove, Microwave, Dishwasher, Pantry, Refrigerator-Stays
Subdivision
PIER HARBOR HPR
Lot features
Sloped, Mountain View, Lake View, Vista View
Directions
Catherine Park Rd to Diamondhead entrance on Independence Dr turn left on Plum Hollow Blvd turn right on Marina Point
Standard status
Active
APN
200-50575-003-000
Size
1,380 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Unit 1 C
Tax Annual Amount
1459
HOA Fee
$110 Monthly
Legal Description
Unit 1 C
Utilities
Water front
1
Amenities
private deck
Building Details
Year built
2002
Floors in Building
1
Flooring type
Wood, Tile
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Realty The Bergeron Group
(501) 463-6328
Listed By:
Nancy Bergeron
(817) 879-2853
Added: Jun 19
Changed: Aug 7
Last Checked: Aug 11 at 8:06PM
MLS# 26025837
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 residential income property in Diamondhead is arranged across two levels, with two bedrooms and two bathrooms. The main floor combines living, dining, and kitchen areas in an open layout, with large windows oriented toward Lake Catherine and access to a private deck. Granite-slab kitchen counters, a breakfast bar, wood and tile flooring, ceiling fans, and ample closet space add practical interior features. Most furnishings convey, excluding family heirlooms and personal belongings.
An extra-deep, oversized two-car garage accommodates full-size vehicles and provides room for a golf cart, boat equipment, workshop use, or storage. The property includes patio and deck areas, a negotiable boat slip, and water access within the Diamondhead community. Lake Catherine State Park, the Diamondhead golf course, and a marina are nearby. Hot Springs National Park, Oaklawn Racing Casino Resort, Bathhouse Row, shopping, dining, and entertainment are approximately 20 minutes away, while Malvern is about 15 minutes away. Short-term rental use is identified as a potential use, subject to verification of local regulations.
An extra-deep, oversized two-car garage accommodates full-size vehicles and provides room for a golf cart, boat equipment, workshop use, or storage. The property includes patio and deck areas, a negotiable boat slip, and water access within the Diamondhead community. Lake Catherine State Park, the Diamondhead golf course, and a marina are nearby. Hot Springs National Park, Oaklawn Racing Casino Resort, Bathhouse Row, shopping, dining, and entertainment are approximately 20 minutes away, while Malvern is about 15 minutes away. Short-term rental use is identified as a potential use, subject to verification of local regulations.
Key Highlights
- 1,380‑square‑foot two‑bedroom, two‑bathroom residence
- Lake Catherine views with private deck access
- Extra‑deep oversized two‑car garage with workshop and storage capability
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
3.21%
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 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.4K
$220.8K – $294.4K
NOI $17,666 @ 7.0% cap · market cap 6.67%
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
20
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level lake-view residence with a private deck, oversized garage, and access to Diamondhead community amenities.
Where is this residential income property located?
The property is located at 179 Marina Point Hot Springs, AR.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,380‑square‑foot two‑bedroom, two‑bathroom residence; Lake Catherine views with private deck access; Extra‑deep oversized two‑car garage with workshop and storage capability
