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1900 S Z St, Fort Smith, AR 72901
Fourteen apartment units offer consistent two-bedroom layouts with private baths and in-unit laundry hookups.
Property Size11,900 SF
Lot Size0.64 Acres
Price / SF$84.03
Days on Market62
Property Features for 1900 S Z St
General Information
Standard status
Active
Size
11,900 SF
Total Parking Spaces
30
Lot size
0.64 Acres
Property subtype
Multifamily
Occupancy
95%
Net Operating Income
$34,570
Units
Unit Mix
14 x 2BR/1BA
Multifamily Units
14
Amenities
black appliances
washer/dryer hookups
central heat and air
individual water heaters
Building Details
Year Built
2007
Buildings
3
Stories
2
Units
14
Tenancy
Multi
Listed By:
Sarah Brown
Source:
Crexi
Added: Aug 17
Changed: Oct 14
Last Checked: Oct 16 at 9:34AM
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 Sarah Brown
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Investment Insights
Based on property information with market context.
This multifamily property comprises 14 apartments across three two-story buildings completed in 2007. The improvements contain 11,900 square feet on 0.64 acres, with every residence configured as a two-bedroom, one-bathroom unit. Individual water heaters, central heat and air, vinyl siding, black appliances, and washer/dryer hookups are included throughout the property.
Occupancy is reported at 95%. The property is located at 1900 S Z St in Fort Smith, Arkansas, approximately 6 minutes from downtown Fort Smith and 8 minutes from retail destinations that include Walmart, Dillard's, Hobby Lobby, and PetSmart.
Occupancy is reported at 95%. The property is located at 1900 S Z St in Fort Smith, Arkansas, approximately 6 minutes from downtown Fort Smith and 8 minutes from retail destinations that include Walmart, Dillard's, Hobby Lobby, and PetSmart.
Key Highlights
- 14‑unit apartment property with three 2‑story buildings
- 11,900 square feet on 0.64 acres
- All units are 2‑bedroom/1‑bathroom layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,470
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,409,400
$1.4M
Cap Rate 7%
$1,006,714
$1.0M
Cap Rate 9%
$783,000
$783.0K
Market Conditions
NOI Build-Up for 11,900 SF
Gross rent
$138.5K $11.64/SF
− Vacancy
−$10.4K −$0.87/SF
EGI
$128.1K $10.77/SF
− OpEx
−$57.7K −$4.85/SF
NOI
$70.5K $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%
$1,409,400
Cap Rate 7%
$1,006,714
Cap Rate 9%
$783,000
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$880.9K – $1.17M
NOI $70,470 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.53M
$2.22M – $2.95M
NOI $177,229 @ 7.0% cap · market cap 17.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
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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?
Apartment building - Fourteen apartment units offer consistent two-bedroom layouts with private baths and in-unit laundry hookups.
Where is this apartment building located?
The property is located at 1900 S Z St Fort Smith, AR.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 14‑unit apartment property with three 2‑story buildings; 11,900 square feet on 0.64 acres; All units are 2‑bedroom/1‑bathroom layouts
