For sale

$485,000

Est. $2,973/mo —

—

•

— ba

•

—

sq ft

201 & 203 Parallel St, Hot Springs, AR 71901

About this home

Investor alert! Presenting two updated two-story duplexes just off Park Avenue — minutes from downtown Hot Springs and perfectly positioned for long-term or short-term rental income. Each unit features two bedrooms, recent updates throughout, and a layout that tenants love. With four units total, this is a turnkey income-producing opportunity with built-in cash flow from day one. Two units are currently occupied at $1,200 and $1,475/month, with recent rents at $1,475 — and given their prime location just minutes from downtown, these units are ready for even greater returns. Whether you’re a seasoned investor looking to expand your portfolio or a first-timer ready to get into the game, these duplexes check all the right boxes — updated, occupied, and primed for growth. Properties like this don’t sit long. Call today before someone else does!

Multi-familyProperty Type

1920Year Built

Listed by David Hall • The Goff Group Real Estate

Listed by Haleigh Horner

Listing updated: Oct 23, 2026 at 07:55am

Redfin checked: a minute ago

•Source:HSBOR #156184

Payment calculator

$2,973 per month

Principal and interest$2,614

Property taxes

$116

HOA dues

Home insurance

$243

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (6)

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118 Arlington Park Ter, Hot Springs, AR 71901
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OPEN SUN, 2PM TO 4PM
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3 beds2.5 baths2,528 sq ft
118 Bella Ct, Hot Springs, AR 71901
8,712 sq ft lot • 2 garage spots • Built 2008
OPEN SUN, 2PM TO 4PM
$235,000
2 beds2 baths1,126 sq ft
118 Pretti Point A2, Hot Springs, AR 71913
$170 HOA • 2 parking spots • Built 2005
OPEN SUN, 2PM TO 3:30PM3D WALKTHROUGH
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4 beds3 baths3,099 sq ft
170 Parkway Sq, Pearcy, AR 71964
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OPEN NOV 15, 2PM TO 4PM3D & VIDEO TOUR
$749,000
6 beds4 baths4,023 sq ft
152 Fox Glen Trl, Hot Springs, AR 71913
3.36 acre lot • Garage • Pool

Around this home

Schools

K - 12
Preschool & daycare

Langston Magnet School

Public PreK-6 • Assigned • 1.8mi

4/10

Hot Springs High School

Charter 10-12 • Assigned • 4.0mi

5/10

Provided by GreatSchools

About Downtown Hot

Springs

Downtown Hot Springs, located between Hot Springs National Park and Lake Hamilton, is a historic and walkable Hot Springs neighborhood with Bathhouse Row architecture and a steep, forested ridgeline backdrop. The neighborhood’s character concentrates along Central Avenue at Fountain Street, where bathhouse facades, sidewalk patios, galleries, and late-night marquees set the pace. Community pillars include the Fordyce Bathhouse Visitor Center, the Ohio Club, and the Hot Springs Mountain Tower. Brick storefronts and early-20th-century hotels frame compact blocks, with stair-stepped streets climbing toward park trails. Thermal springs, pocket plazas, and parade routes keep the public realm active. Cafes and small shops line the corridor from the Arlington lawn to the convention district.

Provided by Walk Score and Local Logic

Offer insights

201 & 203 Parallel St · $485,000

Strong offer

$479K and above

75% chance or better to win

Why $479K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 104 days.

SALE-TO-LIST

Most homes are selling 7% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Residential income property

Sale and tax history for 201 & 203 Parallel St

Sale History
Tax History

Date

Event

Price

HSBOR #156184

Jun 30, 2026

Listed

$485,000

HSBOR #147799

Feb 9, 2026

Price Changed

$499,900

Jun 24, 2025

Price Changed

$525,000

Jan 17, 2025

Price Changed

$550,000

Dec 10, 2024

Price Changed

$560,000

Aug 26, 2024

Listed

$575,000

CARMLS #24031804

Feb 25, 2026

Listing Removed

—

Feb 9, 2026

Price Changed

$499,900

Jun 24, 2025

Price Changed

$525,000

Jan 17, 2025

Price Changed

$550,000

Dec 10, 2024

Price Changed

$560,000

Aug 25, 2024

Listed

$575,000

Public Records

Dec 29, 2021

Sold

$450,000

Year

Property tax

Land + Additions

Assessment*

2025

$1,394 (−1.3%)

$720 + $30,130

$30,850

2024

$1,413 (+1.3%)

$720 + $30,130

$30,850

2023

$1,394

$720 + $30,130

$30,850

2022

$1,394 (+127.2%)

$720 + $30,130

$30,850

2021

$614

$720 + $30,130

$30,850

2020

$614

$480 + $12,950

$13,430

2018

$614 (+9.2%)

$480 + $12,950

$13,430

2017

$562 (−29.2%)

$480 + $12,950

$13,430

2016

$795 (+113.0%)

$480 + $11,160

$11,640

2015

$373 (+7.5%)

$400 + $8,650

$9,050

2013

$347

$400 + $8,650

$9,050

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

40 ft.

Lot depth

92 ft.

Lot size

3,479 Sq. Ft.

Year renovated

2016

Finished Sq. Ft.

1,928

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,928

Year built

1920

Style

Multi-Family (2-4 Unit)

County

Garland County

APN

37255

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 9, 2026.

C-TR

Commercial Transitional District

The C-TR Commercial Transitional District is intended to accommodate low intensity commercial uses that serve as a transition between residential neighborhoods and higher intensity commercial or mixed-use areas. The C-TR District also accommodates conversions of existing single-family dwellings to low intensity commercial uses, creating a unique mixed-use character.

Permitted uses

Include but are not limited to:

Community / recreation center
Religious facility
Day care facility
General retail
Housing-Single unit
Housing-Multiple units
Infrastructure
Bed & breakfast
Fire house
Police station

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.15% chance of being in a wildfire in next 30 years

6/10 Heat Factor

7 days above 112° expected this year, 21 days in 30 years

3/10 Wind Factor

8% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Hot Springs, AR • 71901

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

73/ 100

Good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

8.4 hrs

5.2 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 201 & 203 Parallel St

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Details provided by HSBOR and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (6)

Around this home

Schools

Offer insights

Property details

Sale and tax history for 201 & 203 Parallel St

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 201 & 203 Parallel St

Nearby similar homes

New listings for sale in 71901

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