Single-Level Residential Income
For Sale
$335,000
3 Magellan Circle, Hot Springs Village, AR 71909
Updated interior finishes, included laundry appliances, and a large garage distinguish this three-bedroom residence.
Property Size1,830 SF
Price / SF$183.06
Days on Market69
Property Features for 3 Magellan Circle
General Information
Standard status
Active
Size
1,830 SF
Property subtype
Condo/Townhse/Duplex/Apt
Additional Details
Multifamily Units
1
Building Details
Year Built
1998
Stories
1
Listing Agency:
McGraw Realtors - HSV
(501) 922-0707
Listed By:
Beth Graves
(501) 620-6043
Source:
Blairrealtors
Added: Aug 27
Changed: Oct 31
Last Checked: Nov 3 at 6:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McGraw Realtors - HSV
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Investment Insights
Based on property information with market context.
This 1,830-square-foot, single-level residence in Magellan Courts has 3 bedrooms and 2 bathrooms. Interior features include Luxury Vinyl flooring and Shadow Storm Quartz countertops with a subway backsplash. A 60/40 Blanco Silgranite undermount sink was installed in 2025; the HVAC system was replaced in 2026, and the roof was replaced in 2022. The washer and dryer convey, and the property has a large garage with space for vehicles, storage, or a golf cart.
The home is in Hot Springs Village, near Lake Balboa, Balboa Beach, restaurants, and golf courses. The community has gated entrances.
The home is in Hot Springs Village, near Lake Balboa, Balboa Beach, restaurants, and golf courses. The community has gated entrances.
Key Highlights
- 1,830‑square‑foot, single‑level residence with 3 bedrooms and 2 bathrooms
- Located in Magellan Courts, Hot Springs Village
- HVAC system replaced in 2026; roof replaced in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,293
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,860
$225.9K
Cap Rate 7%
$161,329
$161.3K
Cap Rate 9%
$125,478
$125.5K
Market Conditions
NOI Build-Up for 1,830 SF
Gross rent
$22.0K $12.00/SF
− Vacancy
−$1.4K −$0.78/SF
EGI
$20.5K $11.22/SF
− OpEx
−$9.2K −$5.05/SF
NOI
$11.3K $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 Rate 5%
$225,860
Cap Rate 7%
$161,329
Cap Rate 9%
$125,478
Alternative Uses
Best Use
Apartment 5plus
$161.3K
$141.2K – $188.2K
NOI $11,293 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.7K
$292.8K – $390.5K
NOI $23,427 @ 7.0% cap · market cap 6.99%
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
25
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated interior finishes, included laundry appliances, and a large garage distinguish this three-bedroom residence.
Where is this residential income property located?
The property is located at 3 Magellan Circle Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,830‑square‑foot, single‑level residence with 3 bedrooms and 2 bathrooms; Located in Magellan Courts, Hot Springs Village; HVAC system replaced in 2026; roof replaced in 2022
