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Updated Triplex with Sprinklers
For Sale
$268,500

432 Spring Street, Hot Springs, AR 71901

Updated multifamily property with separate metering, fire sprinklers, and mini-split air systems.

Property SizeContact for details
Days on Market98

Property Features for 432 Spring Street

General Information

Standard status Active
Property subtype Multi Family Home

Building Details

Year Built 1920
Listing Agency: Rix Realty - Advantage Team Realtors
Listed By: Chris Rix · License #00059757
Source: Meyersrealty
Added: May 25 Changed: Aug 29 Last Checked: Aug 29 at 6:33PM

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 Rix Realty - Advantage Team Realtors

Investment Insights

Based on property information with market context.

This 1920-built triplex includes two 2-bedroom, 1-bath residences and one 1-bedroom, 1-bath residence. The property has received updates that include a fire sprinkler system throughout and three mini-split air systems. Electric service is separately metered for the units, while water is shared.

Located at 432 Spring Street in Hot Springs, the property is near the natural hot springs, trail heads, convention center, and downtown amenities. Its three-unit configuration provides a defined residential income property format with a mix of two-bedroom and one-bedroom units.

Key Highlights

  • Two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
  • Fire sprinkler system installed throughout the property
  • 3 mini‑split air systems

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Acupuncture Pet Store Home Appliance Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,412
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?
Triplex - Updated multifamily property with separate metering, fire sprinklers, and mini-split air systems.
Where is this triplex located?
The property is located at 432 Spring Street Hot Springs, AR.
What is the asking price?
The asking price for this property is $268,500.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Fire sprinkler system installed throughout the property; 3 mini‑split air systems
More about this property
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