Residential Income Property with
For Sale
$140,000
22 Huntleigh Drive, Hot Springs, AR 71901
Residential, Traditional, Hot Springs, AR
Property Size1,276 SF
Price / SF$109.72
Days on Market326
Property Features for 22 Huntleigh Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Laundry Room, Bedroom 1, Bathroom 2, Bedroom 2
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Pantry, Refrigerator-Stays
Subdivision
HUNTLEIGH WOODS HPR
Lot features
Sloped
Elementary school
Lakeside
Middle school
Lakeside
High school
Lakeside
Directions
Take Malvern Avenue to Huntleigh Dr.
Standard status
Active
APN
400-34900-041-000
Size
1,276 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
BLDG 20 UNIT 22
Tax Annual Amount
16
HOA Fee
$258 Monthly
Legal Description
BLDG 20 UNIT 22
Amenities
outdoor space
storage area
Building Details
Year built
1982
Floors in Building
2
Flooring type
Tile, Carpet
Roof type
Composition
Architectural style
Other
Listing Agency:
Pinnacle Realty Advisors
(501) 255-3504
Listed By:
Nathan Cain
(501) 463-6336
Added: Nov 12, 2025
Changed: Sep 16
Last Checked: Oct 4 at 10:06PM
MLS# 25045250
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 condominium residence offers 1,276 square feet with two bedrooms, two bathrooms, and an open arrangement connecting the main living areas. The living room features a high ceiling, while the primary bedroom includes a private bathroom. A second bedroom and additional full bathroom provide flexible residential space. The home also includes a deck with outdoor space, storage adjoining the deck, a fireplace, carpet and tile flooring, and a composition roof. Appliances include a free-standing stove, electric range, microwave, dishwasher, disposal, pantry, and refrigerator. Built in 1982, the property is located at 22 Huntleigh Drive in Hot Springs, Arkansas.
Grocery shopping is within walking distance, with medical facilities nearby. The property also offers access to the area’s thermal springs, trails, recreational amenities, and Oaklawn Racetrack and Casino.
Grocery shopping is within walking distance, with medical facilities nearby. The property also offers access to the area’s thermal springs, trails, recreational amenities, and Oaklawn Racetrack and Casino.
Key Highlights
- Two‑bedroom, two‑bath condominium with 1,276 square feet
- High‑ceiling living room and open main‑level layout
- Deck provides outdoor space with adjoining storage area
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
$7,874
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
5.62%
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%
$157,480
$157.5K
Cap Rate 7%
$112,486
$112.5K
Cap Rate 9%
$87,489
$87.5K
Market Conditions
NOI Build-Up for 1,276 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
$15.3K $12.00/SF
− Vacancy
−$995 −$0.78/SF
EGI
$14.3K $11.22/SF
− OpEx
−$6.4K −$5.05/SF
NOI
$7.9K $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 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%
$157,480
Cap Rate 7%
$112,486
Cap Rate 9%
$87,489
Alternative Uses
Best Use
Apartment 5plus
$112.5K
$98.4K – $131.2K
NOI $7,874 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$233.4K
$204.2K – $272.3K
NOI $16,335 @ 7.0% cap · market cap 11.67%
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
644
Businesses Nearby
Explore this area
Business Placement
Demographics for 71901, AR
29,363
Population
14,952
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
88%
High-School Grad
101.9 sq mi
ZIP Area
288
Density / Sq Mi
$52,410
Median Household Income
$35,604
Median Earnings
$797
Median Rent
$173,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with an open layout, private outdoor area, and convenient access to shopping and medical services.
Where is this residential income property located?
The property is located at 22 Huntleigh Drive Hot Springs, AR.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium with 1,276 square feet; High‑ceiling living room and open main‑level layout; Deck provides outdoor space with adjoining storage area
