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Downtown Hot Springs Townhome for Sale

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    $525,000

    • Studio
    • 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 - Hot Springs

    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
$160,000
Median Single Family Sale Price
$179,900
Median Townhouse Sale Price
$340,000
Median 2 Bedroom Sale Price
$169,750
Median 1 Bedroom Sale Price
$132,500
Average Price Per Sq Ft
$134
Number of Homes for Sale
32
Last 12 months Home Sales
105
Months of Supply
3.70
Median List Price
$199,500
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-5%
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