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Updated Two-Story Duplexes

201 & 203 Parallel, Hot Springs, AR 71901

For Sale
$485,000

The four-unit property includes two-bedroom residences and recent interior updates.

Property SizeContact for details
Days on Market129

Property Features for 201 & 203 Parallel

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 50%

Units

Unit Mix 4 x 2BR
Multifamily Units 4

Additional Details

Tenant in Place Yes

Amenities

4
0.17
.17

Building Details

Year Built 1920
Buildings 2
Stories 2
Listing Agency: Lake Hamilton Realty, Inc.
Listed By: Steve Street · License AR EB00047659
Source: Steve.lakehamiltonrealty
Added: Jul 5 Changed: Nov 9 Last Checked: Nov 10 at 1:10AM

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 Lake Hamilton Realty, Inc.

Rey
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Investment Insights

Based on property information with market context.

This residential property consists of two two-story duplexes with four units in total. Each unit has two bedrooms, and recent updates are noted throughout. The buildings date to 1920.

The properties are on Parallel in Hot Springs, a few minutes from downtown. Two of the four units are currently occupied.

Key Highlights

  • Two duplex buildings provide four units, each with two bedrooms
  • Two units currently occupied
  • Buildings date to 1920

Property Analytics

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Open Analytics

Lease Details

4
Residential units
50%
Occupancy

Location Intelligence

Trade Area within ½ mile

171
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
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Market

Average Price Trend$/SF for Duplexes in Hot Springs, AR

$177 Jul
$152 Aug
$168 Sep
$152 Oct

Properties on Market for Duplexes in Hot Springs

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - The four-unit property includes two-bedroom residences and recent interior updates.
Where is this duplex located?
The property is located at 201 & 203 Parallel Hot Springs, AR.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two duplex buildings provide four units, each with two bedrooms; Two units currently occupied; Buildings date to 1920
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