Waterfront Residential Income
640 Arkridge Road, Hot Springs, AR 71913
For Sale
$299,900
Residential, Traditional, Hot Springs, AR
Property Size1,464 SF
Price / SF$204.85
Days on Market125
Property Features for 640 Arkridge Road
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Exterior features
Fireplace
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
Size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
HOA Fee
Legal Description
Utilities
Water front features
Water front
Amenities
in-ground pool
boardwalk with boat tie-up access
lake access
Building Details
Year built
Flooring type
Roof type
Architectural style
Additional Structures
Listing Agency:
Keller Williams Realty The Bergeron Group
(501) 463-6328
Listed By:
Nancy Bergeron
(817) 879-2853
Added: Jul 11
Changed: Nov 3
Last Checked: Nov 12 at 7:06AM
MLS# 26028706
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.
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Investment Insights
Based on property information with market context.
This 1,464-square-foot, second-floor condominium in a lakefront community includes two bedrooms and two bathrooms. The furnished interior has an open living and dining area, a kitchen with granite countertops and breakfast bar, wood, tile, and vinyl flooring, plus washer and dryer connections. A fireplace, private balcony, patio, covered patio, and exterior storage add to the usable space. The property was built in 2006 and includes an electric water heater, refrigerator, stove, microwave, dishwasher, and disposal.
The community at 640 Arkridge Road includes an in-ground pool along the lake, a boardwalk, boat tie-up access, and a boat dock. The residence is located in Hot Springs near downtown, Central Avenue shopping and dining, Garvan Woodland Gardens, Oaklawn Racing Casino Resort, Historic Bathhouse Row, Hot Springs National Park, marinas, and other area attractions. The property is positioned for use as a full-time residence, vacation getaway, or investment property.
The community at 640 Arkridge Road includes an in-ground pool along the lake, a boardwalk, boat tie-up access, and a boat dock. The residence is located in Hot Springs near downtown, Central Avenue shopping and dining, Garvan Woodland Gardens, Oaklawn Racing Casino Resort, Historic Bathhouse Row, Hot Springs National Park, marinas, and other area attractions. The property is positioned for use as a full-time residence, vacation getaway, or investment property.
Key Highlights
- 1,464‑square‑foot second‑floor condo with 2 bedrooms and 2 bathrooms
- Lakefront community with water access, boat dock, and boat tie‑up area
- Private in‑ground pool located along the lake shore
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,034
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,680
$180.7K
Cap Rate 7%
$129,057
$129.1K
Cap Rate 9%
$100,378
$100.4K
Market Conditions
NOI Build-Up for 1,464 SF
Gross rent
$17.6K $12.00/SF
− Vacancy
−$1.1K −$0.78/SF
EGI
$16.4K $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%
$180,680
Cap Rate 7%
$129,057
Cap Rate 9%
$100,378
Alternative Uses
Best Use
Apartment 5plus
$129.1K
$112.9K – $150.6K
NOI $9,034 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$267.7K
$234.3K – $312.4K
NOI $18,742 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
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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
$179,200
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Hot Springs, AR
Properties on Market for Residential income properties in Hot Springs
Frequently Asked Questions
What type of property is this?
Residential income property - Furnished two-bedroom condo with lake access, a private balcony, and community pool amenities.
Where is this residential income property located?
The property is located at 640 Arkridge Road Hot Springs, AR.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,464‑square‑foot second‑floor condo with 2 bedrooms and 2 bathrooms; Lakefront community with water access, boat dock, and boat tie‑up area; Private in‑ground pool located along the lake shore
