Student Housing Near UAFS
5717 Park Avenue Fort Smith, AR 72903
For Sale
$17,750,000
MULTI_FAMILY - Fort Smith, AR
Property Size96,720 SF
Lot Size5.06 Acres
Price / SF$183.52
Days on Market110
Property Features for 5717 Park Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking features
- Parking Lot
- Window features
- Blinds
- Patio and Porch features
- Porch
- Interior features
- WalkInClosets, WindowTreatments
- Exterior features
- ConcreteDriveway
- Appliances
- Dryer, Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, Disposal, Microwave, Refrigerator, SelfCleaningOven, Washer
- Standard status
- Active
- APN
- 11264-0001-00000-00
- Size
- 96,720 SF
- Lot size
- 5.06 Acres
Taxes and HOA fees
- Tax Description
- LOT 1
- Tax Annual Amount
- 63864
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2020
- Floors in Building
- 2
- Number of units
- 48
- Flooring type
- Vinyl, Carpet
- Building materials
- Brick, Cedar, MetalSiding
- Roof type
- Metal
Listing Agency:
Keller Williams Platinum Realty
(479) 434-3000
Listed By:
Cheryl Garner · License #Sa00083287
(479) 434-3000
Added: Apr 6
Changed: Jul 18
Last Checked: Jul 24 at 10:06PM
MLS# 1341890
Copyright © 2026 ArkansasONE MLS. 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.
University Park Place is a 48-unit student housing community located within a 2-minute walk to the University of Arkansas-Fort Smith campus. The property consists of fully furnished 4-bedroom, 4-bathroom townhomes with individual, by-the-bed leasing, catering directly to student renters. Each unit includes private bedrooms and bathrooms, stainless steel appliances, wood-style flooring, in-unit washer and dryer sets (two per unit), walk-in closets, and fully furnished living spaces with large-screen TVs. Community features include outdoor grilling areas, fire pit pergolas, pet-friendly spaces, and planned resident events. The property is positioned as one of the most affordable off-campus housing options in the market while maintaining unit quality and competitive amenities. The property is situated on a 5.06-acre lot and has a property size of 96720 square feet.
Key Highlights
- 48‑unit purpose‑built student housing community within a 2‑minute walk to the University of Arkansas‑Fort Smith campus
- Fully furnished 4‑bedroom, 4‑bathroom townhomes with individual, by‑the‑bed leasing
- Each unit includes stainless steel appliances, wood‑style flooring, walk‑in closets, and private bedrooms and bathrooms
Financial Insights For Apartment 5plus
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 | $1.13M | $11.64 |
| − Vacancy | −$84.4k | −$0.87 |
| EGI | $1.04M | $10.77 |
| − OpEx | −$468.6k | −$4.85 |
| NOI | $572.8k | $5.92 |
96,720 SF · lease $11.64/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$8.18M
$7.16M – $9.55M
NOI $572,761 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$20.58M
$18.01M – $24.01M
NOI $1,440,470 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Park Avenue Townhomes
Real Estate Agency
FAQs
What type of property is this?
Apartment building - 48-unit student housing community near University of Arkansas-Fort Smith.
Where is this apartment building located?
The property is located at 5717 Park Avenue Fort Smith, AR.
What is the asking price?
The asking price for this property is $17,750,000.
What are key features of this property?
This property features: 48‑unit purpose‑built student housing community within a 2‑minute walk to the University of Arkansas‑Fort Smith campus; Fully furnished 4‑bedroom, 4‑bathroom townhomes with individual, by‑the‑bed leasing; Each unit includes stainless steel appliances, wood‑style flooring, walk‑in closets, and private bedrooms and bathrooms
