Six-Unit Remodeled Multifamily
For Sale
$1,250,000
7421 Terry Street, Fort Smith, AR 72916
MULTI_FAMILY - Fort Smith, AR
Property Size2,500 SF
Lot Size0.34 Acres
Price / SF$500
Days on Market40
Property Features for 7421 Terry Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Assigned
Exterior features
GravelDriveway
Appliances
ElectricWaterHeater
Subdivision
The Fuge Residential
Lot features
Central Business District, Cleared, City Lot, Level, Subdivision, Secluded
Directions
Take Frontier Road to Taylor Ave, go 1/2 mile and turn south onto Terry St. The property is located at the south end of Terry St, on the east side of the road.
Standard status
Active
APN
18285-0004-00000-00
Size
2,500 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
PT LT 2A
Tax Annual Amount
1748
Legal Description
PT LT 2A
Utilities
Heating system
Ductless (Heating)
Cooling system
Ductless
Amenities
fully equipped kitchen
in-unit washer and dryer
pet-friendly accommodations
Building Details
Floors in Building
1
Number of units
6
Flooring type
Vinyl
Building materials
AluminumSiding
Roof type
Shingle, Asphalt
Listing Agency:
The Heritage Group Real Estate Co.
(479) 806-5955
Listed By:
Chris Hacker · License #SA00094417
(479) 312-7876
Added: Jul 24
Changed: Aug 17
Last Checked: Sep 1 at 11:06AM
MLS# 1356834
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.
This multifamily property comprises three duplex buildings with six residential units. Each residence includes three bedrooms, two bathrooms, a full kitchen, and an in-unit washer and dryer. Recent remodeling has added updated finishes, while vinyl flooring, ductless heating and cooling, aluminum siding, shingle and asphalt roofing, assigned parking, and a gravel driveway support the existing configuration. Units are also described as pet-friendly.
The current operating mix includes two furnished short-term rentals, one vacant residence, and three occupied units. This creates a combination of existing occupancy, furnished rental operations, and an available unit for leasing or owner occupancy. The property is located on Terry Street in the Chaffee Crossing area, with access to I-49, shopping and dining, the Arkansas College of Osteopathic Medicine, and employers within the surrounding development.
The current operating mix includes two furnished short-term rentals, one vacant residence, and three occupied units. This creates a combination of existing occupancy, furnished rental operations, and an available unit for leasing or owner occupancy. The property is located on Terry Street in the Chaffee Crossing area, with access to I-49, shopping and dining, the Arkansas College of Osteopathic Medicine, and employers within the surrounding development.
Key Highlights
- Six residential units arranged across three duplex buildings
- Each unit offers 3 bedrooms, 2 bathrooms, a full kitchen, and in‑unit laundry
- Two units operate as furnished short‑term rentals; three are occupied and one is vacant
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Explore this area
Business Placement
Demographics for 72916, AR
10,250
Population
4,720
Households
2.2
Avg Household Size
41
Median Age
45%
College-Educated
92%
High-School Grad
37.7 sq mi
ZIP Area
272
Density / Sq Mi
$88,125
Median Household Income
$51,444
Median Earnings
$1,212
Median Rent
$257,100
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?
Multifamily property - Three duplexes provide remodeled three-bedroom residences with flexible furnished rental, leasing, and occupancy options.
Where is this multifamily property located?
The property is located at 7421 Terry Street Fort Smith, AR.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Six residential units arranged across three duplex buildings; Each unit offers 3 bedrooms, 2 bathrooms, a full kitchen, and in‑unit laundry; Two units operate as furnished short‑term rentals; three are occupied and one is vacant
