New Construction Duplex
1921 N 12 ST Fort Smith, AR 72903
For Sale
$239,000
MULTI_FAMILY - Fort Smith, AR
Property Size1,648 SF
Lot Size0.16 Acres
Price / SF$145.02
Days on Market192
Property Features for 1921 N 12 ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- Multi Family
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4
- Window features
- Double Pane Windows, Vinyl Frames
- Patio and Porch features
- Porch
- Appliances
- Dishwasher, Garbage Disposal, Microwave, Range, Refrigerator
- Standard status
- Active
- APN
- 12729-0014-00003-00
- Size
- 1,648 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- Lot 13
- Tax Annual Amount
- 1325
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl
- Roof type
- Shingle
Listing Agency:
Keller Williams Platinum Realty
(479) 434-3000
Listed By:
Tina LaRoche
(479) 434-3000
Added: Jan 13
Changed: May 14
Last Checked: Jul 24 at 8:06PM
MLS# 1086558
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.
Investment Insights
Based on property information with market context.
This multifamily property in Fort Smith, Arkansas, is a new construction duplex scheduled for completion in December 2025. Situated on a 0.16-acre lot, the property offers a total of 1648 square feet of living space. Each side of the duplex features 2 bedrooms, 1 full bath, and a laundry room. The units are equipped with modern fixtures, an open kitchen, quartz countertops, and LVP flooring throughout. Each unit includes a refrigerator, stove, dishwasher, and microwave. Zoned for multi-family use, this residential income property presents a great investment opportunity.
Key Highlights
- New construction duplex (built 2025)
- Income‑producing property (both sides rented)
- Each unit includes 2 bedrooms, 1 full bath, and laundry room
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 | $16.8k | $10.20 |
| − Vacancy | −$1.2k | −$0.73 |
| EGI | $15.6k | $9.47 |
| − OpEx | −$4.7k | −$2.84 |
| NOI | $10.9k | $6.63 |
1,648 SF · lease $10.20/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$156.1K
$136.6K – $182.2K
NOI $10,929 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$139.4K
$122.0K – $162.7K
NOI $9,759 @ 7.0% cap · market cap 4.08%
Theoretical Best
Healthcare Medical
$350.6K
$306.8K – $409.1K
NOI $24,544 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - New construction duplex in Fort Smith, AR, rented December 2025.
Where is this duplex located?
The property is located at 1921 N 12 ST Fort Smith, AR.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: New construction duplex (built 2025); Income‑producing property (both sides rented); Each unit includes 2 bedrooms, 1 full bath, and laundry room
