$550,000

201 Parallel St Hot Springs, AR 71901

$6,531
Closing credit¹
3,832 sqft
$144 / sqft
Multi-Family

Property details

About 201 Parallel St

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 property has great rental history and is very popular with guests due to its location near the bike trails and downtown Hot Springs. Lots of historic charm as well!

Highlights

Home typeDuplex
StatusActive
(ACTIVE)
Size3,832 sqft
Year built1920
MLS #147799
WaterfrontCreek

Summary

  • Appliances: Washer, Electric Water Heater, Gas Water Heater, Dishwasher, Electric Range, Cooktop, Gas Range, Microwave
  • Flooring Type: Vinyl
  • Attached Garage: No
  • Waterfront: Creek
  • Exterior: Porch
  • Architectural Style: Townhouse
  • List Price: $550,000
  • Price/SqFt: $143
  • Lot: Cleared, Level
  • Directions: From Central Ave., turn on Pullman Ave, right on Parallel St.
  • Year Built: 1920
  • Stories: 2
  • Living Area: 3,832 SqFt
  • MLS Number: 147799
  • MLS Name: HotSprings
  • Office Name: ESQ. Realty Group
  • Office Phone: (501) 255-0509
  • Listing Agent: Beau Durbin

Copyright © 2025, Hot Springs Board of REALTORS® MLS. All rights reserved. Information deemed reliable but is not guaranteed.

IDX The data relating to real estate for sale on this web site comes in part from the Hot Springs Data Share Program of the Hot Springs Multiple Listing Service. The listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This site will be monitored for 'scraping' and any use of search facilities of data on the site other than by a consumer looking to purchase real estate, is prohibited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2025, 6:15:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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201 Parallel St, Hot Springs, AR 71901 - view of front of home featuring a porch, brick siding, fence, and a balcony

$550,000

201 Parallel St

$6,531

closing credit¹

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0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

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Nearby schools

4

Langston Elementary Leadership Academy

Public Magnet PK-6

1.9 mi

120 Chestnut St

7

Park Magnet IB World School

Public Magnet PK-6

3.3 mi

617 Main St

4

Main Street Visual and Preforming Arts Magnet School

Public Magnet PK-6

3.4 mi

301 Oaklawn St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $36,125. The most common annual income of people living in Hot Springs, AR is between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

How much money do the neighbors make?

47%
<35k
52%
35k-100k
1%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

57%
Single, No Kids
10%
Single, with Kids
22%
Married, No Kids
11%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

11%
<11 yrs old
5%
12-17 yrs old
17%
18-34 yrs old
38%
35-64 yrs old
29%
65+ yrs old

What do the neighbors do for fun?

  • Figure SkatingFigure Skating
  • Pro WrestlingPro Wrestling
  • Extreme SportsExtreme Sports

Where do the neighbors shop?

  • KmartKmart
  • Wal-MartWal-Mart
  • Academy Sports & OutdoorsAcademy Sports & Outdoors

Where do the neighbors go to eat?

  • Bob EvansBob Evans
  • SonicSonic
  • Little CaesarsLittle Caesars

What do the neighbors drive?

  • BuickBuick
  • OldsmobileOldsmobile
  • ChevroletChevrolet

What do the neighbors listen to?

  • OldiesOldies
  • Contemporary InspirationalContemporary Inspirational
  • CountryCountry
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Hot Springs, AR

Transportation in Hot Springs includes a network of roads that connect residents to key areas within the city and beyond. Public transit options are available, providing residents with alternatives to private vehicle use. The city's layout also supports a degree of walkability, particularly in the downtown area, where residents and visitors can enjoy easy access to shops, restaurants, and entertainment. While specific ride-sharing services are operational, the community's transport infrastructure continues to evolve to enhance connectivity and convenience.

The community is served by a range of essential services, including public schools that cater to students from kindergarten through high school, as well as private educational options. Healthcare is accessible through local clinics and a hospital equipped to provide a variety of medical services. Retail and dining establishments are plentiful, offering both local and international cuisine, and the city is proactive in adapting its services to meet the evolving needs of its residents.

Hot Springs is celebrated for its unique blend of natural beauty and historical significance. The community prides itself on its namesake hot springs and the historic Bathhouse Row, which together create a distinctive atmosphere. The city's character is further enriched by its art galleries, music festivals, and the famous Hot Springs National Park, offering residents a serene yet culturally vibrant lifestyle.

Hot Springs offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles vary, with a mix of historic homes that reflect the city's rich past and more contemporary designs for modern living. The housing market is dynamic, with a homeownership rate that reflects a healthy balance between owners and renters within the community.

About 201 Parallel St

This home is located at 201 Parallel St in Hot Springs, AR and zip code 71901. This 3,832 square foot home was built in 1920. Features: 0 bathroom. It has been listed on Rocket Homes since February 21, 2025 and is currently priced at $550,000.

In April 2025 more than 3 listings in Hot Springs, AR were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 27 were sold below. The number of homes for sale in Hot Springs, AR increased by 17.8% between March and April 2025. While the average time on the market in April 2025 was 98 days, the median list price was $199,950.

From Rocket Homes Real Estate and based on county public records data.

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