30-Unit Apartment
For Sale
$2,585,000
0000 Old Harbor Rd S 57th Kinkead RD, Fort Smith, AR 72903
Multifamily, Fort Smith, AR
Property Size36,560 SF
Lot Size2.35 Acres
Price / SF$70.71
Days on Market57
Property Features for 0000 Old Harbor Rd S 57th Kinkead RD
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
66
Rooms
Bedroom 35, Bedroom 47, Bedroom 56, Bedroom 32, Bedroom 2, Bedroom 65, Bedroom 36, Bedroom 3, Bedroom 25, Bedroom 11, Bedroom 63, Bedroom 51, Bedroom 20, Bedroom 24, Bedroom 54, Bedroom 29, Bedroom 4, Bedroom 9, Bedroom 21, Bedroom 22, Bedroom 27, Bedroom 48, Bedroom 49, Bedroom 50, Bedroom 61, Bedroom 62, Bedroom 17, Bedroom 10, Bedroom 8, Bedroom 37, Bedroom 16, Bedroom 42, Bedroom 55, Bedroom 39, Bedroom 43, Bedroom 38, Bedroom 34, Bedroom 26, Bedroom 19, Bedroom 13, Bedroom 6, Bedroom 18, Bedroom 14, Bedroom 53, Bedroom 40, Bedroom 28, Bedroom 33, Bedroom 1, Bedroom 44, Bedroom 7, Bedroom 57, Bedroom 31, Bedroom 12, Bedroom 41, Bedroom 64, Bedroom 59, Bedroom 30, Bedroom 15, Bedroom 52, Bedroom 66, Bedroom 45, Bedroom 46, Bedroom 58, Bedroom 23, Bedroom 60, Bedroom 5
Subdivision
Cleburne Twnhoms, Country Club,
Lot features
In Subdivision
Directions
please contact us if you need directions; three different locations
Standard status
Active
APN
11341-0000-00000-00
Size
36,560 SF
Lot size
2.35 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Cleburne Twnhoms, Seb county
Tax Annual Amount
17000
Legal Description
Cleburne Twnhoms, Seb county
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
washer/dryer hookups
Building Details
Floors in Building
2
Number of units
30
Flooring type
Tile - Ceramic, Carpet, Laminate
Roof type
Shingle
Buildings
3
Listing Agency:
Linsey & Co. Realtors
(479) 431-4168
Listed By:
Linsey Yates · License #PB00055637
(479) 883-9370
Added: Sep 11
Changed: Oct 31
Last Checked: Nov 6 at 7:06AM
MLS# 1091710
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.
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Investment Insights
Based on property information with market context.
This apartment portfolio consists of three buildings with 30 units and a combined 36,560 square feet on 2.35 acres. All apartments have washer and dryer hookups, and all units are currently rented. Central heating and air conditioning serve the properties.
The 16-unit building at 10908 Old Harbor Rd has eight three-bedroom, 2.5-bath apartments and eight two-bedroom, 2.5-bath apartments. At 3700 Kinkead, the eight units include six two-bedroom, two-bath apartments and two one-bedroom, one-bath apartments. The six-unit property at 2523 S 57th Street consists entirely of two-bedroom, one-bath apartments.
The 16-unit building at 10908 Old Harbor Rd has eight three-bedroom, 2.5-bath apartments and eight two-bedroom, 2.5-bath apartments. At 3700 Kinkead, the eight units include six two-bedroom, two-bath apartments and two one-bedroom, one-bath apartments. The six-unit property at 2523 S 57th Street consists entirely of two-bedroom, one-bath apartments.
Key Highlights
- Three apartment buildings comprising 30 units
- Combined building area of 36,560 square feet on 2.35 acres
- 10908 Old Harbor Rd: 16 units, split evenly between 3‑bedroom and 2‑bedroom, 2.5‑bath 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.
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Lease Details
30
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Three apartment properties have washer and dryer hookups in every unit.
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: Three apartment buildings comprising 30 units; Combined building area of 36,560 square feet on 2.35 acres; 10908 Old Harbor Rd: 16 units, split evenly between 3‑bedroom and 2‑bedroom, 2.5‑bath layouts
