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  • Price cut: $15K (7/5)
    $238,000

    214 Elizabeth Ter, Hot Springs, AR 71901

    --beds
    --baths
    1,600sqft
    : 
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    Duplex
    Built in 1925
    -- sqft lot
    $225,000 Zestimate®
    $149/sqft
    $-- HOA

    What's special

    Turnkey, income-producing duplex in the heart of Hot Springs. This fully furnished property is short-term rental permitted by the city and currently operates as a licensed Airbnb, offering a strong opportunity for immediate income once transitioned to a new owner. The duplex features two units: Unit A offers 3 bedrooms and 1 bathroom, while Unit B includes 2 bedrooms and 1 bathroom, both fully furnished and ready for continued short-term rental use. Situated on a spacious 0.40-acre lot, the property also includes a shared laundry area at the rear for guest convenience. Originally built in 1925 and remodeled in 2017, it combines historic character with updated functionality. Located in one of Arkansas’s most popular tourism markets, this property is well-positioned to benefit from consistent, year-round visitor demand. Ideal for investors seeking a true plug-and-play opportunity with immediate income potential in a high-demand rental market.
    43 days
    |
    161
    |
    11
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Dakota D Wright 501-209-1773,

    Epique Realty 858-893-3537

    Source: CARMLS,MLS#: 26021782MLS Logo

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      Facts & features

      Interior

      Heating
      • Natural Gas
      Cooling
      • Electric, Window Unit(s)
      Appliances
      • Included: Free-Standing Range, Microwave, Gas Range, Refrigerator, Washer, Dryer
      • Laundry: Washer Hookup
      Features
      • Flooring: Tile, Wood
      • Basement: Walk-Out Access
      Interior area
      • Total structure area: 1,600
      • Total interior livable area: 1,600 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Parking Pad, Two Car
      Accessibility
      • Accessibility features: Customized Wheelchair Accessible
      Features
      • Levels: Two
      • Patio & porch: Porch
      Lot
      • Size: 0.4 Acres
      • Features: Sloped
      Details
      • Parcel number: 40047500011000
      • Zoning: RN-2

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Victorian
      • Property subtype: Duplex
      Materials
      • Metal/Vinyl Siding
      • Foundation: Crawl Space
      • Roof: Composition
      Condition
      • New construction: No
      • Year built: 1925

      Utilities & green energy

      • Electric: Electric-Municipal
      • Gas: Gas-Natural
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Natural Gas Connected

      Community & HOA

      Community
      • Features: Airport/Runway
      • Subdivision: North Highland
      Location
      • Region: Hot Springs

      Financial & listing details

      • Price per square foot: $149/sqft
      • Tax assessed value: $96,000
      • Annual tax amount: $542
      • Date on market: 5/31/2026
      • Listing terms: VA Loan,FHA,Conventional,Cash
      • Lease term: Weekly,Month To Month
      • Tenant pays: None
      • Road surface type: Gravel, Paved

        Estimated market value

        $225,000

        $214,000 - $236,000

        $925/mo

        Price history

        DateEventPrice
        7/5/2026Price change$238,000-5.9%$149/sqft
        Source: CARMLS #26021782 Report a problem
        6/5/2026Price change$253,000-3.1%$158/sqft
        Source: CARMLS #26021782 Report a problem
        5/22/2026Price change$261,000-3%$163/sqft
        Source: CARMLS #26017165 Report a problem
        4/29/2026Listed for sale$269,000+258.7%$168/sqft
        Source: CARMLS #26017165 Report a problem
        5/28/2020Sold$75,000-11.8%$47/sqft
        Source: CARMLS #20005991 Report a problem
        2/20/2020Listed for sale$85,000+41.7%$53/sqft
        Source: ESQ. Realty Group - Hot Springs #20005991 Report a problem
        3/21/2006Sold$60,000+650%$38/sqft
        Source: Public Record Report a problem
        4/15/1991Sold$8,000$5/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$542 +6.3%$11,998 +7.7%
        2024$510 +9.8%$11,141 +8.3%
        2023$465 +9.1%$10,284 +9.1%
        2022$426 +8.8%$9,427 +10%
        2021$392 $8,570
        2020$392 $8,570
        2019$392 -5.4%$8,570
        2018$414 $8,570
        2017$414 -15%$8,570 -27.3%
        2016$487 $11,790
        2015$487 +0.2%$11,790
        2014$486 +6.4%$11,790 +6.6%
        2013$457 +9.1%$11,064 +9.1%
        2012$419 +10%$10,142 +10%
        2011$381 +22.6%$9,220 +22.6%
        2009$311 $7,520
        2008$311 -0.2%$7,520
        2007$311 $7,520 +37%
        2006-- $5,490
        2005-- $5,490
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 71901

        Getting around

        23 / 100
        Car-Dependent
        33 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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