Updated Furnished
For Sale
$255,000
1509 S Main Street, Hope, AR 71801
Multi-Family, Traditional, Hope, AR
Property Size1,928 SF
Lot Size0.50 Acres
Price / SF$132.26
Days on Market142
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Property Features for 1509 S Main Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
Carport, Garage
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
Amenities
laundry room
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: Oct 8
Last Checked: Oct 15 at 3:06PM
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 triplex contains 1,928 square feet across three one-bedroom, one-bathroom units. Each unit has been updated throughout and includes a refrigerator and electric stove. Access features include a wood ramp, concrete steps, and a metal ramp. The property is fully furnished with farmhouse-style decor, and the former garage has been converted into an owner’s closet and laundry room. Wood flooring and a composition roof are also present.
The property occupies a 0.50-acre lot measuring 144x175 and includes approximately 9 parking spaces, along with garage and carport parking. It was built in 1950 and is served by HWL utilities with 3 meters. One unit is currently rented; unit-specific configurations include a full-sized refrigerator in units one and three and a dorm-sized refrigerator in unit two.
The property occupies a 0.50-acre lot measuring 144x175 and includes approximately 9 parking spaces, along with garage and carport parking. It was built in 1950 and is served by HWL utilities with 3 meters. One unit is currently rented; unit-specific configurations include a full-sized refrigerator in units one and three and a dorm-sized refrigerator in unit two.
Key Highlights
- Three 1‑bedroom, 1‑bathroom residential units
- 1,928 square feet on a 0.50‑acre lot
- 144x175 lot dimensions
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include updated interiors, appliances, and access features across a half-acre parcel.
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: Three 1‑bedroom, 1‑bathroom residential units; 1,928 square feet on a 0.50‑acre lot; 144x175 lot dimensions
