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29-Unit Apartment Property
For Sale
Contact for pricing
Pending

1500 Albert Pike Ave, Fort Smith, AR 72903

Townhouse units include a remodeled residence and additional land with potential for new construction.

Property SizeContact for details
Days on Market146

Property Features for 1500 Albert Pike Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 29
Listing Agency: Joseph Hayes & Associates
Listed By: Joseph Hayes · License #AR SA00070228
Source: Crexi
Added: Apr 10 Changed: Aug 29 Last Checked: Sep 1 at 10:38PM

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 Joseph Hayes & Associates

Investment Insights

Based on property information with market context.

This apartment property includes 29 townhouse units, with Unit 36 completely remodeled and improvements made to many of the remaining units. The asset also includes a separate 1.80-acre lot, providing the option to construct additional units subject to applicable approvals.

Located on Albert Pike Ave in Fort Smith, the property is near Rogers Ave and within close proximity to I-540, shopping, and restaurants. The existing townhouse configuration, documented unit improvements, and included development parcel create a property profile combining current residential units with additional land for future construction.

Key Highlights

  • 29 townhouse units included
  • Unit 36 is completely remodeled
  • Many units have received improvements

Property Analytics

Current Use

Willow Lake Townhouses Apartment Building

Suggested Use

Top Pick Daycare Center HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

29
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

585
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Townhouse units include a remodeled residence and additional land with potential for new construction.
Where is this apartment building located?
The property is located at 1500 Albert Pike Ave Fort Smith, AR.
What are key features of this property?
This property features: 29 townhouse units included; Unit 36 is completely remodeled; Many units have received improvements
More about this property
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