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Downtown Hot Springs Multifamily Homes & Duplexes for Sale

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  • /8

    $64,900

    • Studio
    • 1,452 Sq Ft

    122 Pullman Ave, Hot Springs National Park, AR 71901

    This duplex at 122 Pullman in Hot Springs is a fantastic investment opportunity with 1,452 total square feet. There are no tenants and ready for total renovations. New windows are waiting to be installed and are currently inside the property. Each unit features 1 bedroom, 1 bathroom, with promising rental potential in the Park area. Sold as-is with no repairs to be made.

    Susan Bariola McGraw Realtors - HS

    122 Pullman Ave, Hot Springs National Park, AR 71901
  • /38

    $290,000

    • 2,444 Sq Ft

    169 & 171 Crest St, Hot Springs, AR 71901

    Welcome to 169 & 171 Crest Ave, a truly unique and charming duplex located on a spacious lot with stunning views of the Hot Springs National Forest. This one-of-a-kind property is a must-see for investors and homeowners alike, offering exceptional rental income through various locked-in mid-term leases throughout the year. Whether you're looking to expand your investment portfolio or live in one

    Shaila Sharrock Partners Realty

    169 & 171 Crest St, Hot Springs, AR 71901
  • /50

    $275,000

    • Studio
    • 2,088 Sq Ft

    167 Crest St, Hot Springs National Park, AR 71901

    Discover this charming and beautifully updated duplex nestled right against the stunning Hot Springs National Forest—a rare find offering natural beauty, privacy, and investment potential. The upper unit, 167A, has been fully remodeled and features two spacious master bedrooms, each with its own ensuite bathroom and serene views of the forest ravine. Elegant touches like barn-style sliding doors

    Shaila Sharrock Partners Realty

    167 Crest St, Hot Springs National Park, AR 71901
  • /13

    $425,000

    • 5,075 Sq Ft

    627 Quapaw Ave, Hot Springs, AR 71901

    Introducing an exceptional opportunity in the historic district in Hot Springs, a fully occupied and well maintained three story, multifamily building within walking distance to downtown where entertainment, dining & shopping options abound. The charming apartment building offers six units, which comprise five one-bedroom and one two-bedroom apartments. Some recent updates worth mentioning

    Andrea Marks Hot Springs 1st Choice Realty

    627 Quapaw Ave, Hot Springs, AR 71901
  • /38

    $290,000

    • Studio
    • 2,044 Sq Ft

    169 Crest St, Hot Springs, AR 71901

    Welcome to 169 & 171 Crest Ave, a truly unique and charming duplex located on a spacious lot with stunning views of the Hot Springs National Forest. This one-of-a-kind property is a must-see for investors and homeowners alike, offering exceptional rental income through various locked-in mid-term leases throughout the year. Whether you're looking to expand your investment portfolio or live in one

    Shaila Sharrock Partners Realty

    169 Crest St, Hot Springs, AR 71901
  • /20

    $320,000

    • Studio
    • 1,450 Sq Ft

    110 Palm St, Hot Springs, AR 71901

    Active licensed Short Term Rental! This 1920's Duplex has been completely renovated, furnished, and updated yet still holds the charm of historic Hot Springs. You or your tenants can have walking access to Parades, events and all that downtown has to offer.

    BRIAN HUGHES Evermark Realty Group, Inc.

    110 Palm St, Hot Springs, AR 71901
  • /34

    $512,000

    • 3,908 Sq Ft

    516 Hawthorne St, Hot Springs National Park, AR 71901

    Rare find, located up against West Mountain! 4 units all remodeled and rented for an easy transition to the new owner. Care was taken to maintain the charm of the orig. 1940 building while bringing in modern fixtures and appliances. New roof and many other upgrades. Quiet location close to downtown Hot Springs National Park, Bathhouse Row, Dining, Oaklawn Racing & Casino. No special

    Sharon Tremor McGraw Realtors

    516 Hawthorne St, Hot Springs National Park, AR 71901
  • /23

    $117,500

    • 2,544 Sq Ft

    119 Rugg St, Hot Springs, AR 71901

    Enjoy beautiful views of the Hot Springs skyline from this 1930 duplex within walking distance of Bathhouse Row. Once a five-plex, This great build was converted to two huge units due to sprinkler system regulations in Hot Springs. The exterior has a new roof, new windows, new doors, and new paint. The upper unit is a 1536 sq' with 4 bedrooms and 3 baths. The lower unit is 1008 sq' and ready to

    BRIAN HUGHES Evermark Realty Group

    119 Rugg St, Hot Springs, AR 71901
  • /25

    $525,000

    • 3,832 Sq Ft

    201 & 203 Parallel St, Hot Springs, AR 71901

    Two large duplexes just north of downtown Hot Springs! Four separate units in total, each with two bedrooms and one bathroom. All four units are permitted as short term rentals with the City of Hot Springs; however, two of the units are currently rented on a month-to-month basis at $1,300/mo. each. The units are being sold fully furnished, which makes this a turnkey rental property. The

    Beau Durbin ESQ. Realty Group

    201 & 203 Parallel St, Hot Springs, AR 71901

Why Live in Downtown Hot Springs

Downtown Hot Springs is a historic neighborhood known for its rich history and vibrant cultural scene. The area is part of Hot Springs National Park and features Bathhouse Row, a collection of eight historic bathhouses along Central Avenue. The Fordyce Bathhouse now serves as the city's visitor center and museum, while others like Qapaw Baths and Buckstaff Bathhouse offer spa treatments. The neighborhood is home to the Gangster Museum of America and hosts unique events such as the Gallery Walk and the Running of the Tubs. Oaklawn’s track and casino, located less than 2 miles away, is a major attraction with regular races and a casino offering various games. Outdoor enthusiasts can explore 26 miles of trails in the Ouachita Mountains and the Northwoods Trails, popular for mountain biking. Lake Hamilton, a nearby fishing hotspot, will host the World Bass Fishing Championships in 2026. The neighborhood features a mix of pre-World War II homes in styles like bungalow, Colonial, and Victorian, as well as contemporary homes. Central Avenue is lined with independent retailers, art galleries, and dining options such as the Ohio Club, Superior Bathhouse Brewery, and DeLuca’s Pizza. The area is safer than the national average, making it a practical choice for residents.

Home Trends in Downtown Hot Springs, AR

Housing Trends

Median Sale Price
$282,495
Median Single Family Sale Price
$347,495
Median Townhouse Sale Price
$275,000
Median 1 Bedroom Sale Price
$475,000
Average Price Per Sq Ft
$355
Number of Homes for Sale
2
Last 12 months Home Sales
30
Months of Supply
0.80
Median List Price
$394,950
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-31%
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