Two Duplex Income
1022 S 20th Street Fort Smith, AR 72901
1022 S 20th Street, Fort Smith, AR, 72901
$245,000
For Sale
$245,000
For sale parcel with two duplexes and four occupied one-bedroom, one-bath units.
Property Size2,690 SF
Price / SF$91.08
Days on Market596
Property Features for 1022 S 20th Street
General Information
- Standard status
- Active
- Size
- 2,690 SF
- Property subtype
- Duplex
Listing agency
AROK Realty, LLC
(479) 719-1234
Listed by
Team Salsbury
(479) 461-3782
Source
Xome
Added: Dec 3, 2024 Updated: Jul 21 at 4:29PM Checked: Jul 21 at 4:29PM
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 AROK Realty, LLC
Investment Insights
Based on property information with market context.
This for-sale income property consists of two separate duplexes on one parcel, providing four one-bedroom, one-bath units in total. One duplex has been completely remodeled and is currently rented, featuring custom cabinetry, tile flooring, and PTAC heating and cooling systems. The units include washer and dryer connections and updated interior finishes.
The second duplex is described as a blank canvas and can be finished out or remodeled to match the standards of the remodeled duplex.
The listing includes 1022–1024 S 20th St and 1915–1917 S J St. Units are currently occupied; do not disturb tenants, and 24-hour notice is required to show.
The second duplex is described as a blank canvas and can be finished out or remodeled to match the standards of the remodeled duplex.
The listing includes 1022–1024 S 20th St and 1915–1917 S J St. Units are currently occupied; do not disturb tenants, and 24-hour notice is required to show.
Key Highlights
- For sale parcel with two separate duplexes on one lot, totaling four 1‑bedroom, 1‑bath units
- One duplex is completely remodeled and currently rented
- Remodeled units include custom cabinetry, ceramic tile flooring, and washer/dryer connections
Local 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 | $27.4k | $10.20 |
| − Vacancy | −$2.0k | −$0.73 |
| EGI | $25.5k | $9.47 |
| − OpEx | −$7.6k | −$2.84 |
| NOI | $17.8k | $6.63 |
2,690 SF · lease $10.20/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$254.8K
$223.0K – $297.3K
NOI $17,839 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$227.6K
$199.1K – $265.5K
NOI $15,930 @ 7.0% cap · market cap 6.50%
Theoretical Best
Healthcare Medical
$572.3K
$500.8K – $667.7K
NOI $40,063 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - For sale parcel with two duplexes and four occupied one-bedroom, one-bath units.
Where is this duplex located?
The property is located at 1022 S 20th Street Fort Smith, AR.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: For sale parcel with two separate duplexes on one lot, totaling four 1‑bedroom, 1‑bath units; One duplex is completely remodeled and currently rented; Remodeled units include custom cabinetry, ceramic tile flooring, and washer/dryer connections
