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Updated Triplex with Fire Sprinklers
For Sale
$240,000

432 SPRING Street, Hot Springs, AR 71901

MULTI-FAMILY, Hot Springs, AR

Property SizeContact for details
Lot Size0.09 Acres
Days on Market64

Property Features for 432 SPRING Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 4
Subdivision HSR
Elementary school district Hot Springs
Middle school district Hot Springs
High school district Hot Springs
Directions Central to Spring
Standard status Active
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description B80 Lpt10
Tax Annual Amount 1202
Legal Description B80 Lpt10

Building Details

Year built 1920
Listing Agency: Rix Realty - Advantage Team Realtors
Listed By: Chris Rix · License #00059757
Added: Jul 13 Changed: Sep 13 Last Checked: Sep 14 at 8:06PM
MLS# 155648

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.

Investment Insights

Based on property information with market context.

Built in 1920 on a 0.09-acre lot, this triplex contains two two-bedroom, one-bath units and one one-bedroom, one-bath unit. The property has received multiple updates, including a fire sprinkler system serving the building and three mini-split air systems. Utilities are separately metered, with water handled collectively.

The property is located at 432 Spring Street in downtown Hot Springs, near the natural Hot Springs, trail heads, the convention center, and other downtown destinations. Its three-unit configuration, updated systems, and established central location provide a clear multifamily layout within the Hot Springs market.

Key Highlights

  • Three‑unit property with 2 two‑bedroom/one‑bath units and 1 one‑bedroom/one‑bath unit
  • Fire sprinkler system installed throughout the building
  • 3 mini‑split air systems included

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Acupuncture Pet Store Mobile Phone Store Computer & Electronic Repair

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

Lease Details

3
Residential units
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

1,523
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Triplex - Separate utility metering and three mini-split air systems support this updated three-unit property.
Where is this triplex located?
The property is located at 432 SPRING Street Hot Springs, AR.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Three‑unit property with 2 two‑bedroom/one‑bath units and 1 one‑bedroom/one‑bath unit; Fire sprinkler system installed throughout the building; 3 mini‑split air systems included
More about this property
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