Updated Triplex with Off-Street
For Sale
$255,000
1509 S Main Street, Hope, AR 71801
MULTI_FAMILY - Hope, AR
Property Size1,928 SF
Lot Size0.50 Acres
Price / SF$132.26
Days on Market96
Property Features for 1509 S Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage, Carport
Appliances
Free-Standing Stove, Refrigerator-Stays, Free-Standing Stove, Refrigerator-Stays
Subdivision
Metes & Bounds
Lot features
Corner Lot
Directions
corner of Main & 15
Standard status
Active
APN
700-05418-000
Size
1,928 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
see attachment
Tax Annual Amount
436
Legal Description
see attachment
Building Details
Year built
1950
Floors in Building
1
Number of units
3
Flooring type
Wood
Roof type
Composition
Architectural style
Other
Listing Agency:
Lance & Associates Real Estate
(870) 777-1420
Listed By:
Lindsey Townsend
(870) 299-1971
Added: May 27
Changed: Aug 4
Last Checked: Aug 30 at 10:06PM
MLS# 26021345
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 for-sale triplex is a residential income property built in 1950 and totals approximately 1,928 square feet. The property includes three separate 1-bedroom, 1-bathroom units that have been updated throughout. Unit #1 features two beds configured like a hotel room and includes a wood ramp, a full-sized refrigerator, and an electric stove. Unit #2 includes concrete steps, a dorm-sized refrigerator, and an electric stove. Unit #3 includes a metal ramp and a full-sized refrigerator and electric stove. The garage has been converted into an owner’s closet and laundry room, and the property is noted as fully furnished.
The triplex sits on approximately 0.50 acres at 1509 S Main Street in Hope, Arkansas (Hempstead County). The property includes approximately nine parking spaces and is served by HWL utilities with 3 meters. Parcel information is listed as 700-05418-000, and STR 33-12-24 is referenced in the remarks.
As of the print date of the listing remarks, the property was previously rented, and Unit #1 is currently rented. Financials are available upon request for qualified buyers.
The triplex sits on approximately 0.50 acres at 1509 S Main Street in Hope, Arkansas (Hempstead County). The property includes approximately nine parking spaces and is served by HWL utilities with 3 meters. Parcel information is listed as 700-05418-000, and STR 33-12-24 is referenced in the remarks.
As of the print date of the listing remarks, the property was previously rented, and Unit #1 is currently rented. Financials are available upon request for qualified buyers.
Key Highlights
- Triplex investment property built in 1950 at 1509 South Main Street, Hope, AR 71801
- 0.50‑acre lot (144x175) with 1,928 total SF and approximately 9 parking spaces
- 3 units total, each a 1 bed / 1 bath, and all currently described as updated throughout
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Explore this area
Business Placement
Demographics for 71801, AR
14,991
Population
6,900
Households
2.2
Avg Household Size
39
Median Age
14%
College-Educated
82%
High-School Grad
297.7 sq mi
ZIP Area
50
Density / Sq Mi
$47,723
Median Household Income
$37,035
Median Earnings
$775
Median Rent
$98,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex investment property with three 1-bedroom units, updated interiors, and approximately nine parking spaces.
Where is this triplex located?
The property is located at 1509 S Main Street Hope, AR.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Triplex investment property built in 1950 at 1509 South Main Street, Hope, AR 71801; 0.50‑acre lot (144x175) with 1,928 total SF and approximately 9 parking spaces; 3 units total, each a 1 bed / 1 bath, and all currently described as updated throughout
