One-Level Residential Income
For Sale
$155,000
301 Hammond, Hot Springs, AR 71913
Residential, Traditional, Hot Springs, AR
Property Size1,320 SF
Price / SF$117.42
Days on Market168
Property Features for 301 Hammond
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Laundry Room, Bedroom 1, Bathroom 1, Bathroom 2
Parking features
Assigned
Patio and Porch features
Patio
Interior features
Dry Bar, Washer Connection, Dryer Connection-Electric, Walk-In Closet(s), Ceiling Fan(s)
Exterior features
Patio
Appliances
Free-Standing Stove, Electric Range, Dishwasher
Subdivision
CHARMARY SQUARE HPR
Lot features
Level
Directions
Hwy 270 to Albert Pike...stay right. Turn right on Hammond. Turn left into Charmary Square. Take first street to the right.
Standard status
Active
Size
1,320 SF
Taxes and HOA fees
Tax Description
bldgA unit3 Charmary Sq Gar C
Tax Annual Amount
865
HOA Fee
$184 Monthly
Legal Description
bldgA unit3 Charmary Sq Gar C
Amenities
private patio
pool
picnic area
Building Details
Year built
1992
Floors in Building
1
Flooring type
Tile, Vinyl, Carpet
Roof type
Composition
Architectural style
Other
Listing Agency:
Hot Springs Realty
(501) 525-4178
Listed By:
Harolyn Holmes
(501) 282-7718
Added: Apr 21
Changed: Sep 13
Last Checked: Oct 5 at 12:06AM
MLS# 26019076
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 one-level condominium at 301 Hammond provides 1,320 square feet with three bedrooms, two bathrooms, a laundry room, walk-in closet, dry bar, and connections for a washer and electric dryer. The layout avoids stairs and includes tile, carpet, and vinyl flooring, along with an electric range and dishwasher. A composition roof, HVAC system, and granite feature were updated in 2025.
Outdoor amenities include a private patio, pool, and picnic area. Assigned parking is provided. The property was built in 1992 and is located in Hot Springs, near medical facilities, shopping, and restaurants.
Outdoor amenities include a private patio, pool, and picnic area. Assigned parking is provided. The property was built in 1992 and is located in Hot Springs, near medical facilities, shopping, and restaurants.
Key Highlights
- 1,320‑square‑foot, one‑level condominium with three bedrooms and two bathrooms
- HVAC system, composition roof, and granite feature updated in 2025
- Private patio plus shared pool and picnic area
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
$8,146
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
5.26%
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%
$162,920
$162.9K
Cap Rate 7%
$116,371
$116.4K
Cap Rate 9%
$90,511
$90.5K
Market Conditions
NOI Build-Up for 1,320 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
$15.8K $12.00/SF
− Vacancy
−$1.0K −$0.78/SF
EGI
$14.8K $11.22/SF
− OpEx
−$6.7K −$5.05/SF
NOI
$8.1K $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%
$162,920
Cap Rate 7%
$116,371
Cap Rate 9%
$90,511
Alternative Uses
Best Use
Apartment 5plus
$116.4K
$101.8K – $135.8K
NOI $8,146 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$241.4K
$211.2K – $281.6K
NOI $16,898 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Explore this area
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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Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom condominium with updated systems, private outdoor space, and assigned parking near everyday services.
Where is this residential income property located?
The property is located at 301 Hammond Hot Springs, AR.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 1,320‑square‑foot, one‑level condominium with three bedrooms and two bathrooms; HVAC system, composition roof, and granite feature updated in 2025; Private patio plus shared pool and picnic area
