1022 S 20th ST, Fort Smith, AR 72901
MULTI_FAMILY - Fort Smith, AR
- Added:
- Dec 27, 2024
- Days on Market:
- 536
- Last Refresh:
- Jun 16 at 1:06 pm
Property Features for 1022 S 20th ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1
- Standard status
- Active
- APN
- 12763-0007-00108-00
- Size
- 2,690 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- LOT 7 BLK 108
- Tax Annual Amount
- 1042
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric
Building Details
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Tile - Ceramic
- Roof type
- Fiberglass
Listing agent Team Salsbury (479) 719-1234
Listing office AROK Realty, LLC 406 Webster, Van Buren, AR (479) 719-1234
Listing date Dec 27, 2024
Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two duplexes on one parcel totaling four 1‑bedroom, 1‑bath units
- One duplex is completely remodeled and rented, with custom cabinetry and ceramic tile flooring
- Remodeled units include PTAC heating and cooling, plus washer and dryer connections
- Second duplex is a blank canvas to finish out or remodel to match the first duplex
- Includes 1022–1024 S 20th St and 1915–1917 S J St with occupied units (do not disturb tenants; 24‑hour notice)
Overview
The listing includes 1022–1024 S 20th St and 1915–1917 S J St in Fort Smith, AR (Sebastian County). All units are occupied. Please do not disturb tenants, and allow 24 hours’ notice to arrange showings.
For buyers seeking a small residential income property, this configuration provides four separate one-bedroom units under one ownership. With one duplex already upgraded and tenant-occupied, an operator can use the existing improvements as a baseline while evaluating how to complete the remaining duplex to align the overall tenant experience. Washer and dryer hookups in each unit may also support practical day-to-day usability for renters.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.4k | $10.20 |
| − Vacancy | −$2.0k | −$0.73 |
| EGI | $25.5k | $9.47 |
| − OpEx | −$7.6k | −$2.84 |
| NOI | $17.8k | $6.63 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Smith
- County
- Sebastian
- State
- Arkansas
- Longitude
- -94.41224
- Latitude
- 35.373438
