503 & 505 S Patterson Street, Hot Springs, AR 71913

Hot Springs
Local realty services provided by:ERA Doty Real Estate
503 & 505 S Patterson Street,Hot Springs, AR 71913
$460,000
  • - Beds
  • - Baths
  • 1,752 sq. ft.
  • Multi-family
  • Active
Listed by: audrey white
Office: white stone real estate
MLS#:26007896
Source:AR_CARMLS

Price summary

  • Price:$460,000
  • Price per sq. ft.:$262.56

About this home

Excellent Investment Opportunity! This well-maintained property features two brick duplexes, offering a total of four 2-bedroom, 2-bathunits—a rare and highly desirable layout for both tenants and investors. Situated in a prime, central location, the property is uniquely enhanced by a beautiful creek running along the property, providing a peaceful setting right in the heart of town. Both buildings have undergone significant updates, including new flooring and windows, along with roof and all central air units replaced in 2021, ensuring long-term durability and reduced maintenance expenses. Designed for ease of ownership, these duplexes offer low-maintenance exteriors and strong, consistent rental demand. Units are currently leased for up to $1,075 per month, with tenants responsible for all utilities, maximizing cash flow. Stable, income-producing property with excellent upside potential!

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Home facts

  • Year built:1980
  • Listing ID #:26007896
  • Added:12 day(s) ago
  • Updated:March 14, 2026 at 02:34 PM

Rooms and interior

  • Flooring:Luxury Vinyl
  • Living area:1,752 sq. ft.

Heating and cooling

  • Cooling:Central Cool-Electric
  • Heating:Central Heat-Electric

Structure and exterior

  • Roof:Architectural Shingle
  • Year built:1980
  • Building area:1,752 sq. ft.
  • Lot area:0.4 Acres
  • Lot Features:Level
  • Architectural Style:Traditional
  • Construction Materials:Brick
  • Foundation Description:Crawl Space
  • Levels:1 Story

Utilities

  • Water:Hot Water Heater-Electric, Water-Public

Finances and disclosures

  • Price:$460,000
  • Price per sq. ft.:$262.56
  • Tax amount:$2,423 (2025)

Features and amenities

  • Laundry features:Dryer Connection-Electric, Washer Connection

Parking

  • Parking description:Parking Pads

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