Residential Income Townhome with
For Sale
$265,000
8 Lindsay Place, Hot Springs Village, AR 71909
A three-bedroom layout includes a separate den, a light-filled Arkansas room, and an oversized deck.
Property Size2,169 SF
Price / SF$122.18
Days on Market48
Property Features for 8 Lindsay Place
General Information
Standard status
Active
Size
2,169 SF
Property subtype
Condo/Townhse/Duplex/Apt
Building Details
Year Built
1994
Listing Agency:
McGraw Realtors - HSV
(501) 922-0707
Listed By:
Rick Marshall
(501) 601-7425
Source:
Blairrealtors
Added: Sep 17
Changed: Oct 31
Last Checked: Nov 3 at 6:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McGraw Realtors - HSV
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Investment Insights
Based on property information with market context.
This 2,169-square-foot townhome, built in 1994, has three bedrooms, two bathrooms, and a two-car garage with an epoxy-coated floor. Interior features include high ceilings, updated flooring, a gas fireplace, and a large kitchen with an eating bar, skylight with powered blinds, and solar tube. A separate den has built-ins, while the dining room includes a bay window. The Arkansas room looks toward Lake Pineda, and the primary bedroom opens onto the oversized deck. A walk-in closet, separate laundry room with wash basin, and storage beneath the home add to the layout.
The property is in gated Hot Springs Village, a community spanning 26,000 acres with 11 lakes and 9 golf courses. Amenities listed include fitness facilities, tennis and pickleball courts, indoor and outdoor pools, trails, a performing arts center, and a library. Hot Springs is 20 minutes away.
The property is in gated Hot Springs Village, a community spanning 26,000 acres with 11 lakes and 9 golf courses. Amenities listed include fitness facilities, tennis and pickleball courts, indoor and outdoor pools, trails, a performing arts center, and a library. Hot Springs is 20 minutes away.
Key Highlights
- 2,169‑square‑foot townhome with 3 bedrooms and 2 bathrooms
- Two‑car garage with epoxy flooring
- Arkansas room with a view toward Lake Pineda
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,385
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,700
$267.7K
Cap Rate 7%
$191,214
$191.2K
Cap Rate 9%
$148,722
$148.7K
Market Conditions
NOI Build-Up for 2,169 SF
Gross rent
$26.0K $12.00/SF
− Vacancy
−$1.7K −$0.78/SF
EGI
$24.3K $11.22/SF
− OpEx
−$11.0K −$5.05/SF
NOI
$13.4K $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%
$267,700
Cap Rate 7%
$191,214
Cap Rate 9%
$148,722
Alternative Uses
Best Use
Apartment 5plus
$191.2K
$167.3K – $223.1K
NOI $13,385 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$396.7K
$347.1K – $462.8K
NOI $27,767 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - A three-bedroom layout includes a separate den, a light-filled Arkansas room, and an oversized deck.
Where is this residential income property located?
The property is located at 8 Lindsay Place Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 2,169‑square‑foot townhome with 3 bedrooms and 2 bathrooms; Two‑car garage with epoxy flooring; Arkansas room with a view toward Lake Pineda
