Single-Level Residential Income
For Sale
$169,900
29 Dulzura Way, Hot Springs Village, AR 71909
Residential, Townhouse, Hot Springs Village, AR
Property Size1,344 SF
Lot Size0.05 Acres
Price / SF$126.41
Days on Market72
Property Features for 29 Dulzura Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
Patio and Porch features
Porch
Exterior features
Screened Porch, Outside Storage Area, Guttering
Appliances
Free-Standing Stove, Dishwasher, Refrigerator-Stays
Subdivision
Lacoruna Courts
Lot features
Level
Directions
From West gate go east on Desoto Blvd, left at Calella (blinking red light), cross Barcelona, left on Dulaura Way. Town is the last one on the left.
Standard status
Active
Size
1,344 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Description
Lot15 Block 2 La Corona CT
Tax Annual Amount
675
HOA Fee
$116 Monthly
Legal Description
Lot15 Block 2 La Corona CT
Amenities
sunroom/porch
outdoor storage areas
Building Details
Year built
1984
Floors in Building
1
Flooring type
Vinyl
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
McGraw Realtors - HSV
(501) 922-0707
Listed By:
Brenda Langley · License #SA00084812
(501) 226-8781
Added: Jun 25
Changed: Sep 3
Last Checked: Sep 4 at 7:06AM
MLS# 26025955
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 1,344-square-foot single-level end-unit townhome sits on a 0.05-acre lot and includes two bedrooms, two bathrooms, and an office area that can function as a third bedroom. A screened porch expands the living area, while two outdoor storage areas and three parking spaces provide practical utility. The interior features luxury vinyl flooring, fresh paint, high toilets, and a renovated senior-safe shower. Kitchen appliances include a freestanding stove, dishwasher, and refrigerator.
The roof and kitchen appliances were new as of August 2022. Built in 1984, the property also includes composition roofing, guttering, and porch improvements. It is located within a short run of the Westgate and Hwy 7.
The roof and kitchen appliances were new as of August 2022. Built in 1984, the property also includes composition roofing, guttering, and porch improvements. It is located within a short run of the Westgate and Hwy 7.
Key Highlights
- 1,344 SF single‑level end‑unit townhome on a 0.05‑acre lot
- Two bedrooms, two bathrooms, and an office area usable as a 3rd bedroom
- Three parking places and 2 outdoor storage areas
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
$8,294
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
4.88%
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%
$165,880
$165.9K
Cap Rate 7%
$118,486
$118.5K
Cap Rate 9%
$92,156
$92.2K
Market Conditions
NOI Build-Up for 1,344 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
$16.1K $12.00/SF
− Vacancy
−$1.0K −$0.78/SF
EGI
$15.1K $11.22/SF
− OpEx
−$6.8K −$5.05/SF
NOI
$8.3K $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%
$165,880
Cap Rate 7%
$118,486
Cap Rate 9%
$92,156
Alternative Uses
Best Use
Apartment 5plus
$118.5K
$103.7K – $138.2K
NOI $8,294 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$245.8K
$215.1K – $286.8K
NOI $17,205 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 71909, AR
17,935
Population
10,563
Households
1.7
Avg Household Size
67
Median Age
33%
College-Educated
97%
High-School Grad
79.3 sq mi
ZIP Area
226
Density / Sq Mi
$69,171
Median Household Income
$31,165
Median Earnings
$1,143
Median Rent
$255,600
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - End-unit townhome with a screened porch, flexible office space, updated interiors, and dedicated outdoor storage.
Where is this residential income property located?
The property is located at 29 Dulzura Way Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 1,344 SF single‑level end‑unit townhome on a 0.05‑acre lot; Two bedrooms, two bathrooms, and an office area usable as a 3rd bedroom; Three parking places and 2 outdoor storage areas
