Two-Bedroom Residential Income
New
For Sale
$187,000
5 PIEDMONT Court, Hot Springs, AR 71901
Residential, Hot Springs, AR
Property Size1,457 SF
Price / SF$128.35
Days on Market1
Property Features for 5 PIEDMONT Court
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Den, Bathroom 2, Bedroom 2, Bedroom 1, Laundry Room
Parking features
Carport, Assigned
Security features
Security System
Patio and Porch features
Patio
Interior features
Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Water Heater-Electric, Security System, Window Treatments, Walk-In Closet(s), Built-Ins, Ceiling Fan(s), Walk-in Shower, Kit Counter- Granite Slab
Exterior features
Patio, Guttering
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Pantry, Refrigerator-Stays, Ice Maker Connection
Subdivision
HUNTLEIGH WOODS HPR
Lot features
Level, Extra Landscaping, In Subdivision
Directions
From Malvern & Grand intersection head east on Malvern Rd. Turn right into Huntleigh Woods HPR and immediately turn left onto Piedmont Ct.
Standard status
Active
Size
1,457 SF
Taxes and HOA fees
Tax Description
Bldg 1, Unit 5
HOA Fee
$260 Monthly
Legal Description
Bldg 1, Unit 5
Amenities
gated entry patio
wood-burning fireplace
granite countertops
stainless steel appliances
new dishwasher
pantry
manicured grounds
swimming pool
clubhouse
workout room
sauna
social committee
Building Details
Year built
1981
Floors in Building
1
Flooring type
Wood, Tile, Carpet
Roof type
Shingle
Listing Agency:
Hot Springs 1st Choice Realty
(501) 525-1600
Listed By:
Andrea Marks · License #SA00079133
(501) 545-9770
Added: Oct 7
Last Checked: Oct 7 at 6:06PM
MLS# 26040563
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 1,457-square-foot condo has two bedrooms, two full bathrooms, and two living areas on a single level. The living and dining space connects to the kitchen, which features granite countertops, stainless steel appliances, a pantry, and a new dishwasher. A wood-burning fireplace anchors the main living area. The second living room opens to a rear patio through sliding glass doors. The primary bedroom has two closets, including a walk-in, and a private bath with a tiled walk-in shower. A refrigerator, washer, and dryer are included, along with one assigned covered parking space.
Community amenities include a swimming pool, clubhouse with kitchen and dining area, workout room, and sauna. The grounds are gated, and guest parking is available.
Community amenities include a swimming pool, clubhouse with kitchen and dining area, workout room, and sauna. The grounds are gated, and guest parking is available.
Key Highlights
- 1,457‑square‑foot condo with two bedrooms and two full bathrooms
- Two living areas; one opens to the rear patio through sliding glass doors
- Granite kitchen counters, stainless steel appliances, pantry, and new dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,991
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$179,820
$179.8K
Cap Rate 7%
$128,443
$128.4K
Cap Rate 9%
$99,900
$99.9K
Market Conditions
NOI Build-Up for 1,457 SF
Gross rent
$17.5K $12.00/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$16.3K $11.22/SF
− OpEx
−$7.4K −$5.05/SF
NOI
$9.0K $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 Rate 5%
$179,820
Cap Rate 7%
$128,443
Cap Rate 9%
$99,900
Alternative Uses
Best Use
Apartment 5plus
$128.4K
$112.4K – $149.9K
NOI $8,991 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$266.5K
$233.2K – $310.9K
NOI $18,652 @ 7.0% cap · market cap 9.97%
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
602
Businesses Nearby
Explore this area
Business Placement
Demographics for 71901, AR
29,363
Population
14,952
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
88%
High-School Grad
101.9 sq mi
ZIP Area
288
Density / Sq Mi
$52,410
Median Household Income
$35,604
Median Earnings
$797
Median Rent
$173,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Step-free condo layout includes two living areas, a wood-burning fireplace, and a gated entry patio.
Where is this residential income property located?
The property is located at 5 PIEDMONT Court Hot Springs, AR.
What is the asking price?
The asking price for this property is $187,000.
What are key features of this property?
This property features: 1,457‑square‑foot condo with two bedrooms and two full bathrooms; Two living areas; one opens to the rear patio through sliding glass doors; Granite kitchen counters, stainless steel appliances, pantry, and new dishwasher
