New Duplex in Fort
523 S 14th ST Fort Smith, AR 72901
For Sale
$285,000
MULTI_FAMILY - Fort Smith, AR
Property Size2,008 SF
Lot Size0.16 Acres
Price / SF$141.93
Days on Market229
Property Features for 523 S 14th ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- Multi Family
- Window features
- Vinyl Frames
- Appliances
- Dishwasher, Electric, Garbage Disposal, Microwave Vent, Range
- Standard status
- Active
- APN
- 12763-0006-00215-00
- Size
- 2,008 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- LOT 6 BLK O
- Tax Annual Amount
- 232
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Concrete
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
Sagely & Edwards Realtors
(479) 782-8911
Listed By:
Carrington Team
(479) 782-8911
Added: Dec 8, 2025
Changed: Jul 14
Last Checked: Jul 25 at 11:06AM
MLS# 1085755
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.
This newly constructed duplex offers modern finishes and a layout suitable for rental income or multi-generational living. Each of the all-electric 1004 square feet units includes 2 bedrooms and 2 full baths, along with utility rooms. The units feature granite countertops, an electric range, dishwasher, microwave, and garbage disposal. Stained concrete floors provide durability and a contemporary look. Each unit has an 18-foot wide concrete driveway for private parking. The 0.1607-acre property is zoned for multi-family use. The location is near downtown Fort Smith and Baptist Hospital. The property is suitable for investors or owner-occupants.
Key Highlights
- Brand‑new duplex under construction, built in 2025
- All‑electric units: 2 bedrooms and 2 full baths; 1004 SF per unit
- Appliance package in each unit: dishwasher, electric range, microwave, and garbage disposal
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 | $20.5k | $10.20 |
| − Vacancy | −$1.5k | −$0.73 |
| EGI | $19.0k | $9.47 |
| − OpEx | −$5.7k | −$2.84 |
| NOI | $13.3k | $6.63 |
2,008 SF · lease $10.20/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$190.2K
$166.5K – $221.9K
NOI $13,316 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$169.9K
$148.6K – $198.2K
NOI $11,891 @ 7.0% cap · market cap 4.17%
Theoretical Best
Healthcare Medical
$427.2K
$373.8K – $498.4K
NOI $29,906 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - New duplex perfect for investors or owner-occupants near downtown.
Where is this duplex located?
The property is located at 523 S 14th ST Fort Smith, AR.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Brand‑new duplex under construction, built in 2025; All‑electric units: 2 bedrooms and 2 full baths; 1004 SF per unit; Appliance package in each unit: dishwasher, electric range, microwave, and garbage disposal
