Duplex with
For Sale
$137,500
43 Halcon Place, Hot Springs Village, AR 71909
Residential, Traditional, Hot Springs Village, AR
Property Size1,400 SF
Lot Size0.03 Acres
Price / SF$98.21
Days on Market70
Property Features for 43 Halcon Place
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Workshop
Appliances
Electric Range, Dishwasher, Disposal
Subdivision
Madrid Courts
Lot features
Sloped
Directions
From West gate continue on Desoto Blvd. to left on Calella Road to right on Santa Maria to right on Halcon Place.
Standard status
Active
Size
1,400 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Description
LOT 8, BLOCK 6 MADRID COURTS#8
Tax Annual Amount
725
HOA Fee
$100 Monthly
Legal Description
LOT 8, BLOCK 6 MADRID COURTS#8
Amenities
workshop
Building Details
Year built
1978
Floors in Building
2
Flooring type
Tile, Carpet, Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
Hot Springs Village Real Estate
(501) 922-5252
Listed By:
Missy Briggs
(501) 773-3601
Added: Jun 25
Changed: Aug 26
Last Checked: Sep 2 at 12:06PM
MLS# 26026105
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 1,400-square-foot residential property in Hot Springs Village was built in 1978 and includes three bedrooms, two bathrooms, and a small workshop on the lower floor. Interior finishes include tile, carpet, and vinyl flooring, while the kitchen is equipped with an electric range, dishwasher, and disposal. The roof is composition shingle.
The property is located at 43 Halcon Place in the Mardrid Courts area of Hot Springs Village, Arkansas. Its 0.03-acre lot supports the existing residential improvements and compact townhouse configuration.
The property is located at 43 Halcon Place in the Mardrid Courts area of Hot Springs Village, Arkansas. Its 0.03-acre lot supports the existing residential improvements and compact townhouse configuration.
Key Highlights
- 1,400‑square‑foot residential property built in 1978
- Three bedrooms and two bathrooms
- Small workshop located on the lower floor
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
$9,246
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
6.72%
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%
$184,920
$184.9K
Cap Rate 7%
$132,086
$132.1K
Cap Rate 9%
$102,733
$102.7K
Market Conditions
NOI Build-Up for 1,400 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
$14.3K $10.20/SF
− Vacancy
−$1.1K −$0.77/SF
EGI
$13.2K $9.44/SF
− OpEx
−$4.0K −$2.83/SF
NOI
$9.2K $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%
$184,920
Cap Rate 7%
$132,086
Cap Rate 9%
$102,733
Alternative Uses
Best Use
Multifamily LT 5
$132.1K
$115.6K – $154.1K
NOI $9,246 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$123.4K
$108.0K – $144.0K
NOI $8,639 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$256.0K
$224.0K – $298.7K
NOI $17,922 @ 7.0% cap · market cap 13.03%
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
31
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 - Three-bedroom residential property with two baths, a lower-level workshop, and a quiet setting in Hot Springs Village.
Where is this duplex located?
The property is located at 43 Halcon Place Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $137,500.
What are key features of this property?
This property features: 1,400‑square‑foot residential property built in 1978; Three bedrooms and two bathrooms; Small workshop located on the lower floor
