Duplex Property with Detached
For Sale
$215,000
314 Marion Anderson Road, Hot Springs, AR 71913
Multi-Family, Hot Springs, AR
Property Size1,596 SF
Lot Size1.70 Acres
Price / SF$134.71
Days on Market332
Property Features for 314 Marion Anderson Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3
Parking features
Carport, Garage
Appliances
Gas Range, Dishwasher, Refrigerator-Stays, Gas Range, Dishwasher, Refrigerator-Stays
Subdivision
Metes & Bounds
Lot features
Sloped, Rural Property, Creek, Wooded, Not in Subdivision, Out of City
Elementary school
Lake Hamilton
Middle school
Lake Hamilton
High school
Lake Hamilton
Directions
From the MLK by-pass take 70E then left on to Adcock Rd, Left onto Marion Anderson.
Standard status
Active
APN
100-14298-000
Size
1,596 SF
Lot size
1.70 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
S-T-R 22-03S-20W
Tax Annual Amount
1447
Legal Description
S-T-R 22-03S-20W
Utilities
Water front features
Creek
Building Details
Year built
1945
Floors in Building
1
Number of units
2
Roof type
Metal
Listing Agency:
Partners Realty
(501) 359-3333
Listed By:
Cody Smith
(501) 627-6441
Added: Nov 7, 2025
Changed: Sep 15
Last Checked: Oct 5 at 1:06AM
MLS# 25044805
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 duplex property includes two separate homes totaling 1,596 square feet: one with 1 bedroom and another with 3 bedrooms. A large detached shop provides additional enclosed space, while carport and garage parking support the improvements. Both residences include a gas range, dishwasher, and refrigerator. Metal roofing and a 1945 construction date are documented for the property.
The site encompasses 1.7 acres in Hot Springs, Arkansas, within LHSD. A creek is also identified among the property’s waterfront features. The address is 314 Marion Anderson Road, Hot Springs, AR 71913.
The site encompasses 1.7 acres in Hot Springs, Arkansas, within LHSD. A creek is also identified among the property’s waterfront features. The address is 314 Marion Anderson Road, Hot Springs, AR 71913.
Key Highlights
- Two homes with 1 bedroom and 3 bedrooms, respectively
- 1,596 square feet of property size on 1.7 acres
- 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
$10,541
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
4.90%
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%
$210,820
$210.8K
Cap Rate 7%
$150,586
$150.6K
Cap Rate 9%
$117,122
$117.1K
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
$16.3K $10.20/SF
− Vacancy
−$1.2K −$0.77/SF
EGI
$15.1K $9.44/SF
− OpEx
−$4.5K −$2.83/SF
NOI
$10.5K $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%
$210,820
Cap Rate 7%
$150,586
Cap Rate 9%
$117,122
Alternative Uses
Best Use
Multifamily LT 5
$150.6K
$131.8K – $175.7K
NOI $10,541 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$140.7K
$123.1K – $164.2K
NOI $9,849 @ 7.0% cap · market cap 4.58%
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
333
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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Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Two residences and a detached shop occupy an LHSD property with carport and garage parking.
Where is this duplex located?
The property is located at 314 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 homes with 1 bedroom and 3 bedrooms, respectively; 1,596 square feet of property size on 1.7 acres; Large detached shop included
