Waterfront Residential Income
For Sale
$449,900
724 Weston Road, Hot Springs, AR 71913
Residential, Traditional, Hot Springs, AR
Property Size2,054 SF
Price / SF$219.04
Days on Market112
Property Features for 724 Weston Road
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Living Room, Bathroom 1, Bathroom 3
Parking features
Carport
Patio and Porch features
Porch
Exterior features
Screened Porch, Porch, Outside Storage Area, Inground Pool, Boat Dock
Fireplace
1
Appliances
Microwave, Trash Compactor, Bar/Fridge, Convection Oven
Subdivision
CEDAR CREST
Lot features
In Subdivision
Directions
Central 2 Airport Rd. left at red light to right at Weston Road left into gate at Cedarcrest.
Standard status
Active
Size
2,054 SF
Taxes and HOA fees
Tax Description
BLDG G APT 1
Tax Annual Amount
2738
HOA Fee
$399 Monthly
Legal Description
BLDG G APT 1
Utilities
Water front
1
Amenities
private boat slips
exterior storage unit
Building Details
Year built
1981
Floors in Building
1
Flooring type
Tile, Carpet
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Hot Springs Realty
(501) 525-4178
Listed By:
Lindsey Jordan · License #SA00093911
(501) 282-0885
Added: May 22
Changed: Sep 9
Last Checked: Sep 10 at 1:06AM
MLS# 26020993
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 furnished waterfront condominium offers 2,054 square feet with three bedrooms, two and one-half bathrooms, multiple living areas, and water views from the home. The residence includes a screened porch, additional porch space, an exterior storage area, an inground pool, and two private boat slips. A two-car carport provides covered parking, while the interior is finished with carpet and tile flooring and includes a fireplace, convection oven, microwave, trash compactor, and bar refrigerator.
The property was built in 1981 and is located in Hot Springs, Arkansas. POA services cover trash, water, lawn care, exterior maintenance, and natural gas. Short-term rentals are not permitted; rental terms of six months or longer are allowed.
The property was built in 1981 and is located in Hot Springs, Arkansas. POA services cover trash, water, lawn care, exterior maintenance, and natural gas. Short-term rentals are not permitted; rental terms of six months or longer are allowed.
Key Highlights
- Waterfront condo with 2,054 square feet, 3 bedrooms, and 2.5 bathrooms
- 2 private boat slips included
- Furnished residence with screened porch, exterior storage, and inground pool
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
$12,675
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
2.82%
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%
$253,500
$253.5K
Cap Rate 7%
$181,071
$181.1K
Cap Rate 9%
$140,833
$140.8K
Market Conditions
NOI Build-Up for 2,054 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
$24.6K $12.00/SF
− Vacancy
−$1.6K −$0.78/SF
EGI
$23.0K $11.22/SF
− OpEx
−$10.4K −$5.05/SF
NOI
$12.7K $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%
$253,500
Cap Rate 7%
$181,071
Cap Rate 9%
$140,833
Alternative Uses
Best Use
Apartment 5plus
$181.1K
$158.4K – $211.3K
NOI $12,675 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$375.6K
$328.7K – $438.2K
NOI $26,294 @ 7.0% cap · market cap 5.84%
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
149
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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Frequently Asked Questions
What type of property is this?
Residential income property - Furnished condo with private boat slips, carport parking, storage, and access to an inground pool.
Where is this residential income property located?
The property is located at 724 Weston Road Hot Springs, AR.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Waterfront condo with 2,054 square feet, 3 bedrooms, and 2.5 bathrooms; 2 private boat slips included; Furnished residence with screened porch, exterior storage, and inground pool
