Two-Home Multifamily
New
For Sale
$215,000
314 Marion Anderson Road #320 Marion Anderson Road 320 Marion Anderson Road, Hot Springs, AR 71913
Includes separate one-bedroom and three-bedroom homes with a detached shop.
Property Size1,596 SF
Price / SF$134.71
Days on Market5
Property Features for 314 Marion Anderson Road #320 Marion Anderson Road 320 Marion Anderson Road
General Information
Standard status
Active
Size
1,596 SF
Property subtype
Multi-Family
Zoning
LHSD
Units
Unit Mix
1 x 1 bedroom home, 1 x 3 bedroom home
Multifamily Units
2
Listing Agency:
Partners Realty
(501) 359-3333
Listed By:
Cody Smith
(501) 627-6441
Source:
Heilesassociatesrealtors
Added: Sep 11
Last Checked: Sep 14 at 12:30PM
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 Partners Realty
Investment Insights
Based on property information with market context.
This multifamily property in Hot Springs includes two separate residences: one with one bedroom and another with three bedrooms. A large detached shop is also part of the property, providing additional enclosed space for storage or other supported uses.
The site encompasses almost 2 acres in LHSD at 320 Marion Anderson Road. The property includes existing residential improvements and substantial land area associated with the two-home configuration.
The site encompasses almost 2 acres in LHSD at 320 Marion Anderson Road. The property includes existing residential improvements and substantial land area associated with the two-home configuration.
Key Highlights
- Two separate residences, including one 1‑bedroom home and one 3‑bedroom home
- Almost 2 acres in LHSD
- Large detached shop included
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
$9,849
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
4.58%
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%
$196,980
$197.0K
Cap Rate 7%
$140,700
$140.7K
Cap Rate 9%
$109,433
$109.4K
Market Conditions
NOI Build-Up for 1,596 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
$19.2K $12.00/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$17.9K $11.22/SF
− OpEx
−$8.1K −$5.05/SF
NOI
$9.8K $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%
$196,980
Cap Rate 7%
$140,700
Cap Rate 9%
$109,433
Alternative Uses
Best Use
Apartment 5plus
$140.7K
$123.1K – $164.2K
NOI $9,849 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$291.9K
$255.4K – $340.5K
NOI $20,431 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
329
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Includes separate one-bedroom and three-bedroom homes with a detached shop.
Where is this multifamily property located?
The property is located at 314 Marion Anderson Road #320 Marion Anderson Road 320 Marion Anderson Road Hot Springs, AR.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two separate residences, including one 1‑bedroom home and one 3‑bedroom home; Almost 2 acres in LHSD; Large detached shop included
