Duplex with Garage
New
For Sale
$164,900
1700 S Q ST, Fort Smith, AR 72901
Multifamily, Fort Smith, AR
Property Size1,824 SF
Lot Size0.16 Acres
Price / SF$90.41
Days on Market1
Property Features for 1700 S Q ST
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Assigned
Fencing
Privacy
Appliances
Dishwasher, Garbage Disposal, Range, Refrigerator
Subdivision
Bailey
Lot features
Corner, In Subdivision
Elementary school
Ballman
Middle school
Darby
High school
Northside
Elementary school district
Fort Smith
Middle school district
Fort Smith
High school district
Fort Smith
Directions
From Jenny Lind Rd take a right on Q street and property is on left.
Standard status
Active
APN
10214-0001-00037-00
Size
1,824 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
LOT 1 BLK 37
Tax Annual Amount
1067
Legal Description
LOT 1 BLK 37
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Building Details
Year built
1989
Floors in Building
2
Number of units
2
Flooring type
Laminate
Roof type
Shingle
Listing Agency:
Linsey & Co. Realtors
Listed By:
Jordan Jack
(479) 431-4168
Added: Oct 16
Last Checked: Oct 16 at 4:06PM
MLS# 1092493
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 1,824-square-foot duplex on a 0.16-acre parcel comprises a three-bedroom, one-bathroom main house and a separate two-bedroom, one-bathroom apartment above the garage. The main residence received recent updates and has central electric heating and cooling. The apartment was refreshed with flooring, paint and windows in 2024; plumbing and electrical work was completed in 2022. The property was built in 1989 and includes a dishwasher, garbage disposal, range and refrigerator.
The two residences provide separate living spaces on one parcel. The main house has a 2024 HVAC system, while the apartment’s windows, flooring and paint were updated that year. Both units have documented improvements, including the apartment’s plumbing and electrical work.
The two residences provide separate living spaces on one parcel. The main house has a 2024 HVAC system, while the apartment’s windows, flooring and paint were updated that year. Both units have documented improvements, including the apartment’s plumbing and electrical work.
Key Highlights
- Two separate residences: a 3‑bedroom, 1‑bathroom main house and a 2‑bedroom, 1‑bathroom garage apartment
- 1,824 square feet on a 0.16‑acre parcel
- Main house HVAC installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,096
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,920
$241.9K
Cap Rate 7%
$172,800
$172.8K
Cap Rate 9%
$134,400
$134.4K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$18.6K $10.20/SF
− Vacancy
−$1.3K −$0.73/SF
EGI
$17.3K $9.47/SF
− OpEx
−$5.2K −$2.84/SF
NOI
$12.1K $6.63/SF
Area
Sebastian County, AR
Vacancy
7.12%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,920
Cap Rate 7%
$172,800
Cap Rate 9%
$134,400
Alternative Uses
Best Use
Multifamily LT 5
$172.8K
$151.2K – $201.6K
NOI $12,096 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$154.3K
$135.0K – $180.0K
NOI $10,801 @ 7.0% cap · market cap 6.55%
Theoretical Best
Healthcare Medical
$388.1K
$339.6K – $452.8K
NOI $27,165 @ 7.0% cap · market cap 16.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Explore this area
Business Placement
Demographics for 72901, AR
20,973
Population
10,337
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
8.7 sq mi
ZIP Area
2,411
Density / Sq Mi
$42,568
Median Household Income
$30,582
Median Earnings
$837
Median Rent
$113,200
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?
Duplex - Two separate residences offer distinct bedroom and bath configurations, with updates to both units.
Where is this duplex located?
The property is located at 1700 S Q ST Fort Smith, AR.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: Two separate residences: a 3‑bedroom, 1‑bathroom main house and a 2‑bedroom, 1‑bathroom garage apartment; 1,824 square feet on a 0.16‑acre parcel; Main house HVAC installed in 2024
