Single-Level Two-Bedroom
New
For Sale
$140,000
30 Reddina Lane, Hot Springs, AR 71909
Residential, Townhouse, Hot Springs, AR
Property Size1,088 SF
Lot Size0.05 Acres
Price / SF$128.68
Days on Market3
Property Features for 30 Reddina Lane
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Parking features
Assigned
Patio and Porch features
Deck
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Smoke Detector(s), Ceiling Fan(s)
Exterior features
Deck
Appliances
Free-Standing Stove, Electric Range, Dishwasher, Disposal
Subdivision
Guadalajara Courts #1
Lot features
Sloped
Directions
Please use Google GPS.
Standard status
Active
APN
200-20000-004-000
Size
1,088 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lot 4 Blk 1
Tax Annual Amount
163
HOA Fee
$116 Monthly
Legal Description
Lot 4 Blk 1
Building Details
Year built
1984
Floors in Building
1
Flooring type
Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
Taylor Realty Group HSV
(501) 463-9506
Listed By:
Pam Egan
(540) 405-1581
Added: Aug 30
Changed: Sep 1
Last Checked: Sep 1 at 11:06PM
MLS# 26035442
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 1,088-square-foot duplex was built in 1984 and offers single-level living with two bedrooms and two bathrooms. Interior features include vinyl flooring, ceiling fans, smoke detectors, washer and dryer connections, and an electric water heater. The kitchen is equipped with a free-standing stove, electric range, dishwasher, and disposal. A deck, crawl-space storage, assigned parking, and a composition roof add practical functionality. The property is being sold as-is, with no repairs to be made.
The residence is located near the West Gate of Hot Springs Village in Hot Springs, Arkansas. The surrounding area includes access to shopping, dining, golf, lakes, and Village amenities. Recent improvements include vinyl flooring completed in June 2026, a 2024 roof, a 2024 HVAC system, and a 2024 back deck.
The residence is located near the West Gate of Hot Springs Village in Hot Springs, Arkansas. The surrounding area includes access to shopping, dining, golf, lakes, and Village amenities. Recent improvements include vinyl flooring completed in June 2026, a 2024 roof, a 2024 HVAC system, and a 2024 back deck.
Key Highlights
- 1,088‑square‑foot duplex with two bedrooms and two bathrooms
- Single‑level layout with vinyl flooring and ceiling fans
- 2024 roof, HVAC system, and back deck
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
$7,186
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
5.13%
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%
$143,720
$143.7K
Cap Rate 7%
$102,657
$102.7K
Cap Rate 9%
$79,844
$79.8K
Market Conditions
NOI Build-Up for 1,088 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
$11.1K $10.20/SF
− Vacancy
−$832 −$0.77/SF
EGI
$10.3K $9.44/SF
− OpEx
−$3.1K −$2.83/SF
NOI
$7.2K $6.60/SF
Area
Garland County, AR
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$143,720
Cap Rate 7%
$102,657
Cap Rate 9%
$79,844
Alternative Uses
Best Use
Multifamily LT 5
$102.7K
$89.8K – $119.8K
NOI $7,186 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$95.9K
$83.9K – $111.9K
NOI $6,714 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$199.0K
$174.1K – $232.1K
NOI $13,928 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
93
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
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 - Updated single-level residence with a deck, assigned parking, and convenient access to Hot Springs Village amenities.
Where is this duplex located?
The property is located at 30 Reddina Lane 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: 1,088‑square‑foot duplex with two bedrooms and two bathrooms; Single‑level layout with vinyl flooring and ceiling fans; 2024 roof, HVAC system, and back deck
