Updated
195-107 Banks Street, Hot Springs, AR 71901
For Sale
$240,000
Multi-Family, Traditional, Hot Springs, AR
Property Size1,784 SF
Lot Size0.10 Acres
Price / SF$134.53
Days on Market26
Property Features for 195-107 Banks Street
General Information
Property type
Property subtype
Parking features
Interior features
Exterior features
Appliances
Subdivision
Lot features
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Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Architectural style
Additional Structures
Listing Agency:
Exp Realty
(866) 720-5056
Listed By:
Emilia D'Auteuil
(501) 627-4625
Added: Oct 15
Changed: Nov 9
Last Checked: Nov 9 at 9:06AM
MLS# 26044784
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.
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Investment Insights
Based on property information with market context.
This 1,784-square-foot duplex contains two residences, each arranged with two bedrooms and one bathroom. Improvements include updated electrical and plumbing systems, walls, roof, flooring, appliances, and lighting. The property also has a storage building, assigned parking, and washer and dryer units that remain. The 0.1-acre parcel was developed in 1940.
Banks Street is within walking distance of employment, restaurants, retail, churches, a public library, a hospital, and medical facilities. Downtown Hot Springs and Bathhouse Row are a short drive away.
Banks Street is within walking distance of employment, restaurants, retail, churches, a public library, a hospital, and medical facilities. Downtown Hot Springs and Bathhouse Row are a short drive away.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,784‑square‑foot duplex on a 0.1‑acre parcel
- Electrical, plumbing, roof, flooring, and other interior elements updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,782
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,640
$235.6K
Cap Rate 7%
$168,314
$168.3K
Cap Rate 9%
$130,911
$130.9K
Market Conditions
NOI Build-Up for 1,784 SF
Gross rent
$18.2K $10.20/SF
− Vacancy
−$1.4K −$0.77/SF
EGI
$16.8K $9.44/SF
− OpEx
−$5.0K −$2.83/SF
NOI
$11.8K $6.60/SF
Area
Garland County, AR
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,640
Cap Rate 7%
$168,314
Cap Rate 9%
$130,911
Alternative Uses
Best Use
Multifamily LT 5
$168.3K
$147.3K – $196.4K
NOI $11,782 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$157.3K
$137.6K – $183.5K
NOI $11,009 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$326.3K
$285.5K – $380.6K
NOI $22,838 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
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Business Placement
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
$173,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Hot Springs, AR
Properties on Market for Duplexes in Hot Springs
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, one bathroom, and its own laundry connections.
Where is this duplex located?
The property is located at 195-107 Banks 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: Two residences, each with 2 bedrooms and 1 bathroom; 1,784‑square‑foot duplex on a 0.1‑acre parcel; Electrical, plumbing, roof, flooring, and other interior elements updated
