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    1400 Jacobs Ave Fort Smith, AR 72908

    For Sale
    $1,550,000

    Other - Fort Smith, AR

    Property size:
    15,920 SF
    Lot size:
    0.85 Acres
    Days on Market:
    73
    Last Refresh:
    Dec 5 at 4:06 pm

    Property Features for 1400 Jacobs Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    10741-0001-00008-00
    Parking features
    Driveway
    Size
    15,920 SF
    Lot size
    0.85 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1987
    Floors in Building
    2
    Flooring type
    Carpet, Laminate, Tile
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    Keller Williams Platinum Realty (479) 439-3000

    Listing agent Michelle Pendergraft (479) 434-3000

    Listing date Sep 24, 2025

    MLS# 1323333 Listing URL

    Copyright © 2025 Northwest Arkansas 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.

    Overview

    Multi-Family Investment Opportunity

    This multi-family complex presents an investment opportunity, featuring 18 units with a strong rental history and well-maintained buildings. Building 1, constructed in 1987, comprises 10 units, each with 2 bedrooms and 1 bath, totaling 8,512 square feet. Each unit is equipped with central heat and air, washer/dryer hookups, and refrigerators. The current monthly rental revenue for Building 1 is $7,050. Building 2, built in 2021, adds 8 modern units with high-end finishes. Four units feature 2 bedrooms and 2 baths, while the remaining four are 1-bedroom, 1-bath layouts. These units showcase granite countertops, tile flooring, central heat and air, and washer/dryer hookups. The total building size is 7,408 square feet, with a current monthly rent roll of $6,650. The complex, situated on a 0.8462-acre lot, combines established cash flow with newer construction. The property's total size is 15,920 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    D & S Apartments Lodging

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.418728
    Latitude
    35.324126

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    FAQs

    What type of property is this?
    Apartment building - 18-unit complex with established cash flow and newer construction.
    Where is this apartment building located?
    The property is located at 1400 Jacobs Ave Fort Smith, AR.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - Investment opportunity with 18 total units in a multi-family complex.; - Strong rental history with a combined monthly rental revenue of $13,700.; - Mix of established (1987) and newer construction (2021) offering both cash flow and reduced maintenance.
    (479) 434-3000
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1400 Jacobs Ave Fort Smith, AR 72908
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