Lakefront Short-Term Rental
For Sale
$249,000
Hot Springs, AR 71913, Hot Springs, AR 71913
Residential, Traditional, Hot Springs, AR
Property Size1,296 SF
Price / SF$192.13
Days on Market236
Property Features
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
Parking features
Assigned
Fireplace
1
Appliances
Electric Range, Dishwasher, Disposal, Refrigerator-Stays, Ice Maker Connection
Lot features
Extra Landscaping, Lake Front
Subdivision
Shouth Shore
Standard status
Active
Size
1,296 SF
Taxes and HOA fees
Tax Annual Amount
1561
HOA Fee
$344 Monthly
Utilities
Water front features
Lake
Water front
1
Amenities
pool
outdoor hot tub
Building Details
Year built
1979
Floors in Building
2
Flooring type
Tile, Vinyl, Carpet
Roof type
Shingle
Architectural style
Other
Listing Agency:
Hot Springs Realty
(501) 525-4178
Listed By:
Rita Jones
(501) 538-6732
Added: Feb 15
Changed: Oct 8
Last Checked: Oct 9 at 12:06PM
MLS# 26012212
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 1,296-square-foot, two-bedroom, two-bathroom condo offers lake waterfront access and an in-unit fireplace. Built in 1979, the residence has tile, vinyl, and carpet flooring, along with assigned parking. The kitchen includes an electric range, dishwasher, disposal, refrigerator, and ice maker connection.
The resort complex features a pool and outdoor hot tub. Nightly rentals are permitted, providing flexibility for short-term stays or personal use.
The resort complex features a pool and outdoor hot tub. Nightly rentals are permitted, providing flexibility for short-term stays or personal use.
Key Highlights
- Lake waterfront setting
- Nightly rentals permitted
- 1,296 square feet with two bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,998
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$159,960
$160.0K
Cap Rate 7%
$114,257
$114.3K
Cap Rate 9%
$88,867
$88.9K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$15.6K $12.00/SF
− Vacancy
−$1.0K −$0.78/SF
EGI
$14.5K $11.22/SF
− OpEx
−$6.5K −$5.05/SF
NOI
$8.0K $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%
$159,960
Cap Rate 7%
$114,257
Cap Rate 9%
$88,867
Alternative Uses
Best Use
Apartment 5plus
$114.3K
$100.0K – $133.3K
NOI $7,998 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$237.0K
$207.4K – $276.5K
NOI $16,591 @ 7.0% cap · market cap 6.66%
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
162
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Nightly rentals are permitted, with a shared pool and outdoor hot tub in the resort complex.
Where is this short term rental property located?
The property is located at Hot Springs, AR.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Lake waterfront setting; Nightly rentals permitted; 1,296 square feet with two bedrooms and two bathrooms
