Two-Story Triplex on Corner
For Sale
$620,000
500 S 19th ST, Fort Smith, AR 72901
MULTI_FAMILY - Fort Smith, AR
Property Size8,372 SF
Lot Size0.44 Acres
Price / SF$74.06
Days on Market324
Property Features for 500 S 19th ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
11
Rooms
Bedroom 7, Bedroom 2, Bedroom 4, Bedroom 11, Basement, Bedroom 9, Bedroom 3, Bedroom 10, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 8
Fireplace
1
Subdivision
Fitzgerald
Lot features
Cleared, Corner
Directions
From Rogers Ave Turn onto S. 19th St go one block home will be on the left.
Standard status
Active
APN
12763-0012-00303-00
Size
8,372 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Description
NE 38' LT 10 ALL LTS 11-12 BLK CC
Tax Annual Amount
3743
Legal Description
NE 38' LT 10 ALL LTS 11-12 BLK CC
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1909
Floors in Building
2
Number of units
3
Flooring type
Vinyl, Tile - Ceramic, Wood
Roof type
Shingle
Listing Agency:
AROK Realty, LLC
(479) 719-1234
Listed By:
Team Salsbury
(479) 719-1234
Added: Sep 23, 2025
Changed: Aug 4
Last Checked: Aug 12 at 11:06AM
MLS# 1084114
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.
Investment Insights
Based on property information with market context.
Two-story triplex-style property featuring a main residence plus a detached ADU duplex on a corner lot. The main house offers an expansive living area and six bedrooms with six bathrooms, including en-suite bathrooms. A detached ADU duplex provides two rental units: one unit has two bedrooms and one bathroom, and the second unit has three bedrooms and one and a half bathrooms.
The property includes central heating and central air conditioning, a fireplace, and shingle roofing. Interior finishes include wood, ceramic tile, and vinyl flooring. The home was built in 1909 and sits on a 0.4435-acre lot.
With multiple enclosed living spaces and separate ADU duplex unit configuration, the layout supports flexible occupancy options for both household use and rental demand.
The property includes central heating and central air conditioning, a fireplace, and shingle roofing. Interior finishes include wood, ceramic tile, and vinyl flooring. The home was built in 1909 and sits on a 0.4435-acre lot.
With multiple enclosed living spaces and separate ADU duplex unit configuration, the layout supports flexible occupancy options for both household use and rental demand.
Key Highlights
- 0.4435‑acre corner lot
- 2‑story main residence plus detached ADU duplex
- Main house: six bedrooms and six bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,520
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,110,400
$1.1M
Cap Rate 7%
$793,143
$793.1K
Cap Rate 9%
$616,889
$616.9K
Market Conditions
NOI Build-Up for 8,372 SF
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.
Gross rent
$85.4K $10.20/SF
− Vacancy
−$6.1K −$0.73/SF
EGI
$79.3K $9.47/SF
− OpEx
−$23.8K −$2.84/SF
NOI
$55.5K $6.63/SF
Area
Sebastian County, AR
Vacancy
7.12%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,110,400
Cap Rate 7%
$793,143
Cap Rate 9%
$616,889
Alternative Uses
Best Use
Multifamily LT 5
$793.1K
$694.0K – $925.3K
NOI $55,520 @ 7.0% cap · market cap 8.95%
Second Best
Apartment 5plus
$708.3K
$619.7K – $826.3K
NOI $49,578 @ 7.0% cap · market cap 8.00%
Theoretical Best
Healthcare Medical
$1.78M
$1.56M – $2.08M
NOI $124,686 @ 7.0% cap · market cap 20.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,523
Businesses Nearby
Explore this area
Business Placement
Demographics for 72901, AR
20,973
Population
10,337
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
8.7 sq mi
ZIP Area
2,411
Density / Sq Mi
$42,568
Median Household Income
$30,582
Median Earnings
$837
Median Rent
$113,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Two-story triplex built in 1909 with central HVAC and a detached ADU duplex on a corner lot.
Where is this triplex located?
The property is located at 500 S 19th ST Fort Smith, AR.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: 0.4435‑acre corner lot; 2‑story main residence plus detached ADU duplex; Main house: six bedrooms and six bathrooms
