Updated Corner-Lot
For Sale
$189,900
22 Steeplechase Court, Hot Springs, AR 71901
TOWNHOME - Hot Springs, AR
Property Size1,523 SF
Price / SF$124.69
Days on Market18
Property Features for 22 Steeplechase Court
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2
Parking features
Carport, Assigned
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Surface Range, Dishwasher, Pantry
Subdivision
HUNTLEIGH WOODS HPR
Lot features
Level
Directions
Central Avenue ~ Left on Grand ~ Right on Malvern Avenue~ Right on Huntleigh~ Right onto Steeplechase last home on the left.
Standard status
Active
Size
1,523 SF
Taxes and HOA fees
Tax Description
See Attached
HOA Fee
$330 Monthly
Legal Description
See Attached
Building Details
Year built
1983
Floors in Building
1
Flooring type
Tile, Wood
Roof type
Composition
Architectural style
Other
Listing Agency:
RE/MAX Encore · RE/MAX International
(501) 843-3067
Listed By:
Stacy O'Gary · License #SA11160512
(501) 804-3582
Added: Jul 13
Changed: Jul 30
Last Checked: Jul 30 at 6:06PM
MLS# 26028262
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 beautifully updated three-bedroom, two-bath townhome is designed for low-maintenance living with modern finishes throughout. Improvements include a new roof (2023), new HVAC (2018), and new siding and windows (2020). Interior updates from 2021 feature fresh paint, updated flooring, and stylish light fixtures. The kitchen was further enhanced in 2024 with granite countertops and new appliances. Living space includes a fireplace with electric logs, and the bathrooms feature walk-in showers.
Set on a desirable corner lot, the home offers a large backyard along with a deck for outdoor enjoyment. Community amenities include a swimming pool, clubhouse, fitness center, and sauna, providing additional on-site options for residents.
Located in Hot Springs, the property is presented as move-in ready and positioned for convenient access to local shopping, dining, entertainment, and attractions.
Set on a desirable corner lot, the home offers a large backyard along with a deck for outdoor enjoyment. Community amenities include a swimming pool, clubhouse, fitness center, and sauna, providing additional on-site options for residents.
Located in Hot Springs, the property is presented as move-in ready and positioned for convenient access to local shopping, dining, entertainment, and attractions.
Key Highlights
- Updated 3‑bedroom, 2‑bath home in Hot Springs with wood and tile flooring
- New roof (2023), new HVAC (2018), and new siding and windows (2020)
- Kitchen features granite countertops (2024) plus updated appliances including dishwasher, microwave, and surface range
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.5k | $10.20 |
| − Vacancy | −$1.2k | −$0.77 |
| EGI | $14.4k | $9.44 |
| − OpEx | −$4.3k | −$2.83 |
| NOI | $10.1k | $6.60 |
1,523 SF · lease $10.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$143.7K
$125.7K – $167.7K
NOI $10,059 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$134.3K
$117.5K – $156.6K
NOI $9,398 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$278.5K
$243.7K – $325.0K
NOI $19,497 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Move-in ready three-bedroom, two-bath townhome with recent roof, HVAC, siding, and windows, plus a deck and updated interiors.
Where is this duplex located?
The property is located at 22 Steeplechase Court Hot Springs, AR.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Updated 3‑bedroom, 2‑bath home in Hot Springs with wood and tile flooring; New roof (2023), new HVAC (2018), and new siding and windows (2020); Kitchen features granite countertops (2024) plus updated appliances including dishwasher, microwave, and surface range
