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    Remodeled Duplex in Downtown Hot Springs Title is generated by Realmo AI

    169-171 CREST Street, Hot Springs, AR 71901

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    For Sale
    $285,000

    Bungalow/Cottage, Duplex - Hot Springs, AR

    Added:
    May 25, 2026
    Days on Market:
    2
    Last Refresh:
    May 26 at 11:06 pm

    Property Features for 169-171 CREST Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Kitchen
    Interior features
    Dryer Connection-electric, Hot Water Heater-gas, Smoke Detector, Washer Connection, Balcony/Loft, Built-ins, Fireplace - Gas Log, Fan-ceiling
    Fireplace
    1
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Range - Gas, Washer
    Standard status
    Active

    Utilities

    Utilities
    Electricity Available, Water Available
    Heating system
    Central, Electric (Heating), Natural Gas

    Building Details

    Year built
    1940
    Floors in Building
    2
    Flooring type
    Carpet, Carpet - Partial, Vinyl, Wood
    Building materials
    Vinyl Siding
    Roof type
    Composition
    Architectural style
    Bungalow

    We can help!

    Listing Contact
    Shaila Sharrock
    Shaila Sharrock

    Listing agent Shaila Sharrock License #SA00093276

    Listing office Progressive Realtors 1101 W Grand Avenue, Hot Springs, AR

    Listing date May 25, 2026

    MLS# 155649 Listing URL

    Copyright © 2026 Hot Springs Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully remodeled and furnished duplex in downtown Hot Springs, a turn‑key investment.
    • High‑performing mid‑term rental with vigorous income.
    • Breathtaking views of Hot Springs Mountain Tower and proximity to premier biking trails.
    • Two separate units: 3‑bed/2‑bath upper and 2‑bed/1‑bath lower, each with private entrances and laundry.
    • Independently metered utilities for each unit.
    • Modern updates, luxury furnishings, and a prime downtown location.

    Overview

    Located just off Crest Street in downtown Hot Springs, this fully remodeled and furnished duplex offers modern luxury and investment potential. The property provides views of the Hot Springs Mountain Tower and is situated near a biking trail system with ongoing expansion. Currently operating as a mid-term rental, this property attracts professionals, travelers, outdoor enthusiasts, and luxury renters. The upper-level unit features a 3-bedroom, 2-bath layout with landscaping, private laundry, security system installation, living areas, and mountain views. The downstairs 2-bedroom, 1-bath unit has a private entrance and separate laundry setup. Both units are independently metered with separate utilities. This property is an income-producing opportunity in a growing market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.057222
    Latitude
    34.522588

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    FAQs

    What type of property is this?
    Duplex - Fully furnished duplex near downtown, offering modern luxury and income potential.
    Where is this duplex located?
    The property is located at 169-171 CREST Street Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: Fully remodeled and furnished duplex in downtown Hot Springs, a turn‑key investment.; High‑performing mid‑term rental with vigorous income.; **Breathtaking views of Hot Springs Mountain Tower and proximity to premier biking trails.**
    (501) 622-8440
    We can help!
    Listing Contact
    Shaila Sharrock
    Shaila Sharrock
    Real Estate License ID: SA00093276
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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