30-Unit Apartment
For Sale
$2,585,000
0000 Old Harbor Rd S 57th Kinkead Rd, Fort Smith, AR 72903
Three separate apartment properties offer varied unit layouts, washer/dryer hookups, and full current occupancy.
Property Size36,560 SF
Price / SF$70.71
Days on Market55
Property Features for 0000 Old Harbor Rd S 57th Kinkead Rd
General Information
Standard status
Active
Size
36,560 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
30
Amenities
washer/dryer hookups
Building Details
Buildings
3
Listing Agency:
The Heritage Group Real Estate - Barling
(479) 806-5955
Listed By:
Bradford & Udouj Realtors
(479) 646-5539
Source:
Bradfordudouj
Added: Sep 13
Changed: Nov 5
Last Checked: Nov 4 at 12:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Heritage Group Real Estate - Barling
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily offering comprises three apartment buildings with 30 units and 36,560 square feet of property size. The unit mix includes eight three-bedroom, 2.5-bath units and eight two-bedroom, 2.5-bath units at 10908 Old Harbor Rd; six two-bedroom, two-bath units and two one-bedroom, one-bath units at 3700 Kinkead; and six two-bedroom, one-bath units at 2523 S 57th Street. Every unit includes washer/dryer hookups.
The three properties are located at 10908 Old Harbor Rd, 3700 Kinkead, and 2523 S 57th Street in Fort Smith, Arkansas. All 30 units are currently rented, providing an occupied multifamily portfolio with a range of bedroom and bathroom configurations.
The three properties are located at 10908 Old Harbor Rd, 3700 Kinkead, and 2523 S 57th Street in Fort Smith, Arkansas. All 30 units are currently rented, providing an occupied multifamily portfolio with a range of bedroom and bathroom configurations.
Key Highlights
- 30 units across three apartment buildings
- 36,560 total property size
- 10908 Old Harbor Rd: 16 units with eight 3‑bedroom and eight 2‑bedroom layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$216,503
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,330,060
$4.3M
Cap Rate 7%
$3,092,900
$3.1M
Cap Rate 9%
$2,405,589
$2.4M
Market Conditions
NOI Build-Up for 36,560 SF
Gross rent
$425.6K $11.64/SF
− Vacancy
−$31.9K −$0.87/SF
EGI
$393.6K $10.77/SF
− OpEx
−$177.1K −$4.85/SF
NOI
$216.5K $5.92/SF
Area
Sebastian County, AR
Vacancy
7.50%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,330,060
Cap Rate 7%
$3,092,900
Cap Rate 9%
$2,405,589
Alternative Uses
Best Use
Apartment 5plus
$3.09M
$2.71M – $3.61M
NOI $216,503 @ 7.0% cap · market cap 8.38%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$7.78M
$6.81M – $9.07M
NOI $544,495 @ 7.0% cap · market cap 21.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
30
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 72903, AR
25,225
Population
12,079
Households
2.1
Avg Household Size
41
Median Age
33%
College-Educated
91%
High-School Grad
16.2 sq mi
ZIP Area
1,557
Density / Sq Mi
$60,186
Median Household Income
$36,560
Median Earnings
$804
Median Rent
$216,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Three separate apartment properties offer varied unit layouts, washer/dryer hookups, and full current occupancy.
Where is this apartment building located?
The property is located at 0000 Old Harbor Rd S 57th Kinkead Rd Fort Smith, AR.
What is the asking price?
The asking price for this property is $2,585,000.
What are key features of this property?
This property features: 30 units across three apartment buildings; 36,560 total property size; 10908 Old Harbor Rd: 16 units with eight 3‑bedroom and eight 2‑bedroom layouts
