Furnished Residential Income
2311 Lakeshore Drive, Hot Springs, AR 71913
For Sale
$265,000
Residential, Traditional, Hot Springs, AR
Property Size1,408 SF
Price / SF$188.21
Days on Market112
Property Features for 2311 Lakeshore Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Fireplace
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
HOA Fee
Legal Description
Amenities
private boat dock
swimming pool
Building Details
Year built
Floors in Building
Flooring type
Roof type
Architectural style
Listing Agency:
Signature Homes Real Estate
(501) 359-3059
Listed By:
Jeff Scott
(501) 282-7755
Added: Jul 21
Changed: Nov 2
Last Checked: Nov 9 at 9:06AM
MLS# 26029567
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 furnished, 1,408-square-foot condo has two bedrooms and two bathrooms, with views of Lake Hamilton and the swimming pool. A private boat dock is included. Interior features include laminate and tile flooring, a fireplace, and a laundry room. The appliance package includes a free-standing stove, dishwasher, and refrigerator. Parking is assigned. Built in 1980, the property has a shingle roof.
Key Highlights
- 1,408‑square‑foot condo with two bedrooms and two bathrooms
- Private boat dock
- Lake Hamilton and swimming pool views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,689
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,780
$173.8K
Cap Rate 7%
$124,129
$124.1K
Cap Rate 9%
$96,544
$96.5K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$16.9K $12.00/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$15.8K $11.22/SF
− OpEx
−$7.1K −$5.05/SF
NOI
$8.7K $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%
$173,780
Cap Rate 7%
$124,129
Cap Rate 9%
$96,544
Alternative Uses
Best Use
Apartment 5plus
$124.1K
$108.6K – $144.8K
NOI $8,689 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$257.5K
$225.3K – $300.4K
NOI $18,025 @ 7.0% cap · market cap 6.80%
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
169
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
$179,200
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Hot Springs, AR
Properties on Market for Residential income properties in Hot Springs
Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom condo includes a private boat dock and overlooks Lake Hamilton and the swimming pool.
Where is this residential income property located?
The property is located at 2311 Lakeshore Drive 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: 1,408‑square‑foot condo with two bedrooms and two bathrooms; Private boat dock; Lake Hamilton and swimming pool views
