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1509 S Main St, Hope, AR, 71801

--beds
--baths
1,928sqft
$255,000
$132price/sqft
$1,930/moest. monthly cost
$77,200/yrincome needed

About This Home

TRIPLEX Investment property! 1509 South Main Street Hope AR 71801 $255,000 • Built in 1950. • 144x175; 0.50 acre lot. • Total square feet: 1,928. • Approximately 9 parking spaces. • Previously rented on Airbnb.com. (as of print date, there are not any listings in Hope on Airbnb.com) • Garage converted into Owner’s Closet and laundry room. • Fully furnished. Farmhouse style décor. • Loads of character. • HWL utilities. 3 meters. • Parcel 700-05418-000. • STR 33-12-24. • Current estimated real estate taxes: $436. Financials available upon request by qualified buyers. #1 - currently rented. 1 bedroom, 1 bathroom. Wood ramp. 2 beds (currently set up like a hotel room). Full sized Refrigerator, electric stove. Updated throughout. #2 – 1 bedroom, 1 bathroom. Concrete steps. Dorm sized Refrigerator, electric stove. Updated throughout. #3 – 1 bedroom, 1 bathroom. Metal ramp. 1 bedroom, 1 bathroom. Full sized Refrigerator, electric stove. Updated throughout.

Getting Around

24
WalkingCar-Dependent
0
TransitVery Limited Transit
37
BikeSomewhat Bikeable

Schools

3/10
4/10
Hope High SchoolGrades 9-120.2 mi

Construction

Condition

  • Year built: 1950

Materials

  • Foundation: Crawl Space
  • Roof: Composition
  • Construction materials: Metal/Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Traditional
  • Property subType: Triplex

Interior

Appliances

  • Appliances included: Free-Standing Range,Refrigerator

Features

  • Flooring: Wood

Heating

  • Heating features: Ductless

Interior Area

  • Total structure area: 1,928
  • Total interior livable area: 1,928 sqft

Property

Details

  • Parcel number: 70005418000
  • Zoning: see attach

Features

  • Levels: One

Lot

  • Lot size: 0.50 Acres
  • Features: Corner Lot

Parking

  • Parking features: Garage,Carport
  • Has garage: Yes
  • Carport: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Ice Storm
    Ice StormVery High
  • Hail
    HailRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Ice Storm
Hail
Lightning
Strong Wind
Tornado
Heat Wave
Winter Weather

FEMA Declared Disasters Across Arkansas Counties

Flood
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,289$15,468
Home Insurance $400$4,800
Property Taxes $102$1,224
Electricity $139$1,675
Total$1,930$23,160

Income You'd Need if You Spent...

35% on housing$66,171/yr
40% on housing$57,900/yr
45% on housing$51,466/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.0%
11.0%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 15.9%
15.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$132This listing

vs Other Active Listings

Avg $/sqft

ZIP 71801$105
Hempstead County$108

vs Homes Sold Last Month

Median $/sqft

ZIP 71801$74
Hempstead County$74

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-27Listed for sale$255,000

For Sale by Agent

AgentLindsey Townsend
BrokerageLance & Associates Real Estate

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