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

121 Exchange St, Hot Springs, AR 71901

Three-bedroom property with distinctive custom finishes, flexible residential or business use, and permitted nightly rentals.

Property Size3,143 SF
Price / SF$450
Days on Market30

Property Features for 121 Exchange St

General Information

Standard status Active
Size 3,143 SF
Property subtype Land

Additional Details

Multifamily Units 1

Amenities

cobblestone patio
rooftop terrace
library/loft

Building Details

Year Built 1893
Construction California Spanish Mission
Listing Agency: On Point Realty Group LLC
Listed By: Amber Wood
Source: Midsouthar
Added: Jul 31 Changed: Aug 28 Last Checked: Aug 29 at 8:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of On Point Realty Group LLC

Investment Insights

Based on property information with market context.

This 3,143-square-foot property, built in 1893, is configured with three bedrooms and combines historic character with custom interior details. Handmade woodwork, iron accents, epoxy countertops, arched windows, a library or loft, and an office nook or flex area contribute to the finished design. Outdoor features include a cobblestone patio and a rooftop terrace connected to the library or loft.

Located at 121 Exchange St. near historic Bathhouse Row in Hot Springs, the property includes views toward Bathhouse Row and the surrounding mountains. It is situated in the Opportunity District and may be used as a residence or business, with nightly rentals allowed.

Key Highlights

  • 3,143‑square‑foot property built in 1893
  • Three‑bedroom layout with library or loft and office nook/flex space
  • Rooftop terrace and cobblestone patio

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.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

1,064
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
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Frequently Asked Questions

What type of property is this?
Short term rental property - Three-bedroom property with distinctive custom finishes, flexible residential or business use, and permitted nightly rentals.
Where is this short term rental property located?
The property is located at 121 Exchange St 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: 3,143‑square‑foot property built in 1893; Three‑bedroom layout with library or loft and office nook/flex space; Rooftop terrace and cobblestone patio
More about this property
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