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Short-Term Rental Townhome with Rooftop Terrace
New
For Sale
$1,414,350

121 Exchange Street, Hot Springs, AR 71901

CONDOS - Hot Springs, AR

Property Size3,143 SF
Price / SF$450
Days on Market2

Property Features for 121 Exchange Street

General Information

Property type Residential
Property subtype Duplex
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Den, Bedroom 1, Bedroom 2, Laundry Room, Bathroom 1, Bathroom 3, Bedroom 3, Bonus Room, Bathroom 2
Parking features Garage
Patio and Porch features Deck, Patio
Interior features Washer Connection, Dryer Connection-Electric, Ceiling Fan(s), Walk-in Shower, Breakfast Bar, Kit Counter-Other
Exterior features Patio, Deck
Fireplace 1
Appliances Built-In Stove, Double Oven, Microwave, Electric Range, Surface Range, Dishwasher, Disposal, Pantry, Refrigerator-Stays
Subdivision HSR BLK
Lot features Mountain View
Directions North on Central Ave to left onto Interior Ct to right onto Exchange St to 121 Exchange on the right
Standard status Active
Size 3,143 SF

Taxes and HOA fees

Tax Description HSR BLK 88
Tax Annual Amount 9999999
Legal Description HSR BLK 88

Amenities

cobblestone patio
rooftop terrace
library/loft
office nook

Building Details

Year built 1893
Flooring type Wood, Tile
Additional Structures Other
Listing Agency: Meyers Realty Company
Listed By: Sarah Bentley
Added: Jul 29 Changed: Jul 30 Last Checked: Jul 30 at 7:06PM
MLS# 26030901

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 townhome is set up as a short-term rental, with nightly rentals allowed in the Opportunity District. The home includes three bedrooms and features a main-level cobblestone patio, plus a rooftop terrace off the library/loft. Interior details include arched windows, an upstairs library, and an office nook or flex space in addition to the bedrooms.

Built in 1893, the property blends historic character with modern updates, including wood and tile flooring and a fireplace. The home offers washer connection and an electric dryer connection, and it includes a garage for parking. Kitchen amenities include a built-in stove, double oven, microwave, electric range, surface range, dishwasher, disposal, pantry, and a refrigerator.

A note from the seller: they do not own the art/mural wall of the building.

Key Highlights

  • Opportunity District with nightly rentals allowed
  • Rooftop terrace off the library/loft
  • Cobblestone patio on the main level

Property Analytics

Current Use

Chili cook-off Event Planning

Suggested Use

Top Pick Storage Facility Auto Parts Store Furniture & Home Goods Dental Office (Bike/Boat/Book/etc) Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,507
Businesses Nearby

Demographics for 71901, AR

29,363
Population
14,952
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
88%
High-School Grad
101.9 sq mi
ZIP Area
288
Density / Sq Mi
$52,410
Median Household Income
$35,604
Median Earnings
$797
Median Rent
$173,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Opportunity District townhome with rooftop terrace, cobblestone patio, and nightly rentals allowed.
Where is this short term rental property located?
The property is located at 121 Exchange Street Hot Springs, AR.
What is the asking price?
The asking price for this property is $1,414,350.
What are key features of this property?
This property features: Opportunity District with nightly rentals allowed; Rooftop terrace off the library/loft; Cobblestone patio on the main level
More about this property
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