Furnished Residential Income
For Sale
$249,900
Hot Springs, AR 71913, Hot Springs, AR 71913
Residential, Hot Springs, AR
Property Size1,242 SF
Price / SF$201.21
Days on Market166
Property Features
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Laundry Room, Bathroom 2, Bedroom 1
Parking features
Assigned
Patio and Porch features
Deck, Patio
Interior features
Walk-In Closet(s)
Exterior features
Deck, Covered Patio
Appliances
Built-In Stove, Electric Range, Dishwasher, Disposal, Refrigerator-Stays
Lot features
Sloped, In Subdivision, River/ Lake Area, Lake View, Lake Front
Subdivision
BLUE LAKE HPR
Standard status
Active
Size
1,242 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
1697
HOA Fee
$200 Monthly
Utilities
Water front
1
Amenities
covered balcony
swim dock
Building Details
Year built
2006
Floors in Building
1
Flooring type
Vinyl, Tile
Listing Agency:
Hot Springs Realty
(501) 525-4178
Listed By:
Candy McCarthy
(501) 762-7627
Added: May 14
Changed: Oct 25
Last Checked: Oct 26 at 2:06PM
MLS# 26019958
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.
Built in 2006, this 1,242-square-foot, two-bedroom, two-bath condominium is positioned at the water’s edge of Lake Hamilton. The residence is offered furnished and includes a covered balcony, deck, walk-in closet, laundry room, and assigned parking. Appliances include a built-in stove, electric range, dishwasher, disposal, and refrigerator.
A swim dock and boardwalk are part of the lakefront setting. A marina boat launch is 1/4 mile away, and Central Avenue, restaurants, local shops, and Oaklawn are about one mile from the property. Nightly rentals are not allowed; the property is for full-time residents.
A swim dock and boardwalk are part of the lakefront setting. A marina boat launch is 1/4 mile away, and Central Avenue, restaurants, local shops, and Oaklawn are about one mile from the property. Nightly rentals are not allowed; the property is for full-time residents.
Key Highlights
- Two‑bedroom, two‑bath condominium with 1,242 square feet
- Built in 2006; offered furnished
- Lake Hamilton waterfront with swim dock and boardwalk
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,664
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,280
$153.3K
Cap Rate 7%
$109,486
$109.5K
Cap Rate 9%
$85,156
$85.2K
Market Conditions
NOI Build-Up for 1,242 SF
Gross rent
$14.9K $12.00/SF
− Vacancy
−$969 −$0.78/SF
EGI
$13.9K $11.22/SF
− OpEx
−$6.3K −$5.05/SF
NOI
$7.7K $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 Rate 5%
$153,280
Cap Rate 7%
$109,486
Cap Rate 9%
$85,156
Alternative Uses
Best Use
Apartment 5plus
$109.5K
$95.8K – $127.7K
NOI $7,664 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$227.1K
$198.8K – $265.0K
NOI $15,900 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
104
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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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom, two-bath residence offers direct lakefront access and a covered outdoor space.
Where is this residential income property located?
The property is located at Hot Springs, AR.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium with 1,242 square feet; Built in 2006; offered furnished; Lake Hamilton waterfront with swim dock and boardwalk
