Residential Income Property with
New
For Sale
$139,000
215 audubon Street, Hot Springs National Park, AR 71913
Residential, Townhouse, Hot Springs National Park, AR
Property Size1,533 SF
Price / SF$90.67
Days on Market3
Property Features for 215 audubon Street
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Parking features
Carport
Patio and Porch features
Porch, Deck
Interior features
Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Water Heater-Electric, Whirlpool/Hot Tub/Spa, Window Treatments, Walk-In Closet(s), Built-Ins, Ceiling Fan(s), Walk-in Shower, Breakfast Bar
Exterior features
Deck, Porch, Outside Storage Area, Guttering
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Dishwasher, Refrigerator-Stays, Ice Maker Connection
Subdivision
VILLA MARIE SOUTH HPR
Lot features
Level
Directions
From Oaklawn Hot springs, turn right onto Vineyard st, left onto Hidgon Ferry Road, right onto audubon St, & the property is on the left.
Standard status
Active
Size
1,533 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
BLK UPPER LOT APT 1106
Tax Annual Amount
994
HOA Fee
$210 Monthly
Legal Description
BLK UPPER LOT APT 1106
Amenities
wood-burning fireplace
built-in shelving
breakfast bar
separate dining area
spacious deck
covered porch
Jacuzzi tub
storage
brand-new LVP flooring
Building Details
Year built
1975
Floors in Building
1
Flooring type
Tile, Vinyl, Carpet, Wood
Roof type
Metal
Architectural style
Other
Additional Structures
Storage
Listing Agency:
McGraw Realtors - HS
(501) 881-3331
Listed By:
Shahmarie Afkhami
(501) 762-3497
Added: Sep 18
Last Checked: Sep 20 at 4:06PM
MLS# 26038095
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 1,533-square-foot condominium, built in 1975, offers two bedrooms and two bathrooms, with a private bath serving each bedroom. Interior features include a living room fireplace with built-in shelving, a breakfast bar, a separate dining area, walk-in closet space, and a combination of tile, vinyl, carpet, and wood flooring. The primary suite includes a Jacuzzi tub, while the secondary bedroom has new LVP flooring. Appliances include a stove, microwave, dishwasher, and refrigerator.
Outdoor features include a deck, covered porch, guttering, and an outside storage area. The property also includes an assigned detached covered carport. Located in Hot Springs National Park, the condo provides access to Oaklawn, shopping, dining, hospitals, and other local amenities. Furnishings may be negotiated with an accepted offer.
Outdoor features include a deck, covered porch, guttering, and an outside storage area. The property also includes an assigned detached covered carport. Located in Hot Springs National Park, the condo provides access to Oaklawn, shopping, dining, hospitals, and other local amenities. Furnishings may be negotiated with an accepted offer.
Key Highlights
- 1,533‑square‑foot condominium with 2 bedrooms and 2 bathrooms
- Private bathroom assigned to each bedroom
- Living area with wood‑burning fireplace and built‑in shelving
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
$9,460
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
6.81%
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%
$189,200
$189.2K
Cap Rate 7%
$135,143
$135.1K
Cap Rate 9%
$105,111
$105.1K
Market Conditions
NOI Build-Up for 1,533 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
$18.4K $12.00/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$17.2K $11.22/SF
− OpEx
−$7.7K −$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 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%
$189,200
Cap Rate 7%
$135,143
Cap Rate 9%
$105,111
Alternative Uses
Best Use
Apartment 5plus
$135.1K
$118.3K – $157.7K
NOI $9,460 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$280.4K
$245.3K – $327.1K
NOI $19,625 @ 7.0% cap · market cap 14.12%
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
487
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condo with private bedroom baths, covered parking, outdoor living space, and in-town access to area amenities.
Where is this residential income property located?
The property is located at 215 audubon Street Hot Springs National Park, 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: 1,533‑square‑foot condominium with 2 bedrooms and 2 bathrooms; Private bathroom assigned to each bedroom; Living area with wood‑burning fireplace and built‑in shelving
