201 & 203 Parallel Street Hot Springs, AR ^$ 525,000

201 & 203 Parallel Street

^$ 525,000

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201 & 203 Parallel Street

Hot Springs, AR, 71901

^$ 525,000

Studio Baths0.0 Sq 3,832

Monthly Estimate*

^$ 3,275

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Studio

Multi-Family Home for sale in Hot Springs, AR

for $525,000. This 3,832 square foot home was built in 1920 on a lot size of 0.17.

Two large duplexes just north of downtown Hot Springs! Four separate units in total, each with two bedrooms and one bathroom. All four units are permitted as short term rentals with the City of Hot Springs; however, two of the units are currently rented on a month-to-month basis at $1,300/mo. each. The units are being sold fully furnished, which makes this a turnkey rental property. The property has great rental history and is very popular with guests due to its location near the bike trails and downtown Hot Springs. Lots of historic charm as well!

Multi-Family Active

Price

^$ 525,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,500

Style

Townhouse

Lot Size

0.17

Year Built

1920

Town/City

Hot Springs

County/Region

Garland

MLS | Web ID

24031804

Features

Interior

Interior Amenities Washer Connection Washer-Stays Dryer Connection-Electric Dryer-Stays Hot Water Heater-Gas Hot Water Heater-Electric Smoke Detector Built Ins Fan - Ceiling Fireplace - Woodburning Security System Furn

Floors Vinyl

Total Number of Units 4

Walls Wood

1 Bed Units 0

2 Bed Units 2

3 Bed Units 0

General

Heating Central Cool-Electric Central Heat-Gas

Utilities Sewer-Public Water-Public Electric-Municipal Gas-Natural

Roof Architectural Shingle

Garage Parking Pads

Zoning Res Imp

Year Built 1920

Tenant Pays Other (see remarks)

Subdivision Gantts AR

Style Townhouse

Stories Count Two Story

County Garland

Class Multi-Family

Type Duplex

Inside City Limits Yes

Status Active

Sale/Rent For Sale

Status Detail 0

Docs on File None

Primary City Hot Springs

Directions From Central Ave. turn on Pullman Ave right on Parallel St.

High School Hot Springs

City Hot Springs

Elementary School Hot Springs

Middle School Hot Springs

DOM 474

Postal Code 71901

Price Per Sq Ft Total AG 137

Public Remarks Two large duplexes just north of downtown Hot Springs! Four separate units in total each with two bedrooms and one bathroom. All four units are permitted as short term rentals with the City of Hot

Exterior

Exterior Brick & Frame Combo

Exterior Amenities Partially Fenced Covered Porch

Road Surface Paved

Foundation Crawl Space

Lot Size Area 0.17

Lot Dimensions 40'x92' & 40'x92'

Lot Level Cleared In Subdivision

* Excluded Features

List By

Beau Durbin

Listing Agent

Esq. Realty Group - Hot Springs

Broker

beau@esqbrokers.com

Affordability Calculator

$3,484

Per Month

Monthly Principal & Interest: $3,275
Monthly Property Taxes: $208
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Hot Springs, AR

Average List Price ^$686,300

Percent of Sale Price 31%

About Hot Springs, AR

15,306 Population

35% Since 2002

^$53,252 Median Income

70.79 Median Age

8% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1828575 Elementary School

1829023 Middle School

Hot Springs High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/24/2025	$525,000	-4.55%	Price Down
1/17/2025	$550,000	-1.79%	Price Down
12/10/2024	$560,000	-2.61%	Price Down
8/30/2024	$575,000		Listed Price

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201 & 203 Parallel Street, Hot Springs, AR, 71901 is a Multi-Family Home for sale at $525,000 with 3,832 sqft and a lot size of 0.17. 201 & 203 Parallel Street is a studio with 0.0 baths and was built in 1920. The property's zip code is 71901 which is in Hot Springs, AR

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Cooperative Arkansas REALTORS Multiple Listing Services, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/15/2025.

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201 & 203 Parallel Street

Multi-Family Home for sale in Hot Springs, AR

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