Residential Income Property with
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 Market49
Property Features for 215 audubon Street
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2
Parking features
Carport
Patio and Porch features
Porch, Deck
Interior features
Breakfast Bar, Built-Ins, Ceiling Fan(s), Dryer Connection-Electric, Dryer-Stays, Walk-In Closet(s), Walk-in Shower, Washer Connection, Washer-Stays, Water Heater-Electric, Whirlpool/Hot Tub/Spa, Window Treatments
Exterior features
Deck, Guttering, Outside Storage Area, Porch
Fireplace
1
Appliances
Dishwasher, Free-Standing Stove, Ice Maker Connection, Microwave, Refrigerator-Stays
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
Jacuzzi tub
breakfast bar
deck
covered porch
Building Details
Year built
1975
Floors in Building
1
Flooring type
Tile, Wood, Carpet, Vinyl
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
Changed: Nov 2
Last Checked: Nov 5 at 5:06AM
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.
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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 / Yr
$9,460
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
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
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 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.
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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
