Discover an incredible investment opportunity with this 17-unit multi- family condominium complex, located on the shores of Lake Hamilton in Hot Springs, Arkansas. Boasting a market net operating income (NOI) of $195,738, this property promises solid returns and exciting growth potential. This lakefront complex is not only a secure income-generating asset but also a unique opportunity for further development in a highly desirable location. A designated area within the lot is ready for the construction of up to 7 additional 3-bedroom,2-bathroom units, providing an opportunity to increase revenue and enhance the property’s value.
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1980
Stories: 1
Living Area: 18,746 SqFt
Listing Office:
Office Name: The Goff Group Real Estate Company
Office Phone: (501) 525-0908
Listing Agent: David Hall
Interior Features
Interior Information:
Appliances: Electric Range, Dishwasher, Disposal
Flooring Type: Partial Carpet, Tile
Exterior Features
Parking Information:
Parking: Parking Pads
Lot Features
Lot Information:
Lot Size: 1.76 Acres
Utilities
Utilities Information:
Heating: Central, Electric
Cooling: Central Air
Other
Directions Information:
Directions: FROM 270 BYPASS TAKE 70WEST TOLEFT ONTO ADCOCK TO LEFT ONTOMARION ANDERSON TO LEFT ONTO EARLS POINT.
Price Information
Listing Price Info
Price Summary:
List Price: $3,250,000
Price Per SqFt: $173/SqFt
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Housing Market Comparison
See how this home compares to others in Lake Hamilton Township, AR.
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Gardner Magnet School
525 Hammond Dr
Distance between this listing and this school3.06 miles
Public Magnet Grades PK-6
7
/10
Park Magnet IB World School
617 Main St
Distance between this listing and this school3.60 miles
Public Magnet Grades PK-6
4
/10
Oaklawn STEM Magnet School
301 Oaklawn St
Distance between this listing and this school3.83 miles
Public Magnet Grades PK-6
Nearby Schools
5
/10
Lake Hamilton Middle School
120 Wolf St
Distance between this listing and this school5.27 miles
Public District Grades 6-7
7
/10
Lakeside Middle School
1110 Lakeshore Dr
Distance between this listing and this school7.42 miles
Public District Grades 5-7
7
/10
Bismarck Middle School
11636 Highway 84
Distance between this listing and this school9.97 miles
Public District Grades 5-8
Nearby Schools
5
/10
Hot Springs World Class High School
701 Emory St
Distance between this listing and this school3.27 miles
Public Charter Grades 9-12
8
/10
Lake Hamilton Jr. High School
281 Wolf St
Distance between this listing and this school5.23 miles
Public District Grades 8-9
5
/10
Lake Hamilton High School
280 Wolf St
Distance between this listing and this school5.33 miles
The neighbors living near this home have an average income of $56,311. Residents of Lake Hamilton Township, AR typically earn between $35k-100k each year. Most families are married, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1203 Marion Anderson
What is the listing price of this property?
The listing price of 1203 Marion Anderson property is $3,250,000.
What type of property is this?
The property 1203 Marion Anderson is a condo located in Hot Springs, Arkansas, 71913.
Is this property for sale now?
Active Listing: 1203 Marion Anderson is For Sale (Active/New) which means the seller is accepting offers.
What is the square footage of this property?
The property 1203 Marion Anderson is 18,746 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1203 Marion Anderson is 1980.
Interested in 1203 Marion Anderson? Let's connect.
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This home is located at 1203 Marion Anderson in Hot Springs, AR and zip code 71913. This 18,746 square foot home, which was built in 1980, sits on a 1.76 acre lot. It has been listed on Rocket Homes since January 03, 2025 and is currently priced at $3,250,000.
Lake Hamilton Township, AR housing market in December 2024 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 13 sold below. In December 2024 in Lake Hamilton Township, AR there were 3.5% more homes for sale than in November 2024.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2025 Cooperative Arkansas Realtors MLS. All Rights Reserved.
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