10-Duplex Multifamily
New
For Sale
$5,000,000
209 E P ST, Barling, AR 72923
Multifamily, Barling, AR
Property Size21,420 SF
Lot Size2.13 Acres
Price / SF$233.43
Days on Market3
Property Features for 209 E P ST
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
Multi Family
Bedrooms
60
Rooms
Bedroom 35, Bedroom 13, Bedroom 10, Bedroom 4, Bedroom 15, Bedroom 39, Bedroom 42, Bedroom 45, Bedroom 32, Bedroom 51, Bedroom 40, Bedroom 46, Bedroom 27, Bedroom 36, Bedroom 25, Bedroom 12, Bedroom 55, Bedroom 47, Bedroom 7, Bedroom 52, Bedroom 49, Bedroom 20, Bedroom 11, Bedroom 26, Bedroom 48, Bedroom 38, Bedroom 50, Bedroom 23, Bedroom 24, Bedroom 28, Bedroom 58, Bedroom 31, Bedroom 41, Bedroom 56, Bedroom 60, Bedroom 57, Bedroom 14, Bedroom 16, Bedroom 29, Bedroom 19, Bedroom 34, Bedroom 21, Bedroom 6, Bedroom 8, Bedroom 5, Bedroom 37, Bedroom 53, Bedroom 30, Bedroom 54, Bedroom 59, Bedroom 43, Bedroom 2, Bedroom 44, Bedroom 3, Bedroom 18, Bedroom 33, Bedroom 17, Bedroom 22, Bedroom 1, Bedroom 9
Parking features
Garage - Attached
Appliances
Dishwasher, Dryer, Electric, Energy Star, Garbage Disposal, Microwave, Oven, Range, Refrigerator, Self Cleaning, Washer
Subdivision
Acreage - Barling
Lot features
Cleared, Corner, Curbing, In Subdivision, Landscaped, Level, Sidewalk
Elementary school
Barling
Elementary school district
Fort Smith
Middle school district
Fort Smith
High school district
Fort Smith
Directions
From I49 and Hwy 22 travel west 0.1 mi to Hwy 59 and turn north and travel 1 mile to E P St.
Standard status
Active
APN
63020-0000-01802-04
Size
21,420 SF
Lot size
2.13 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
Sec-Twp-Rng: 34-08-31; PT NW/4 NW/4
Tax Annual Amount
1499
Legal Description
Sec-Twp-Rng: 34-08-31; PT NW/4 NW/4
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Amenities
washer & dryers
Building Details
Year built
2026
Floors in Building
1
Number of units
20
Flooring type
Vinyl
Roof type
Shingle
Buildings
10
Listing Agency:
Keller Williams Platinum Realty · Keller Williams Realty
Listed By:
Cheryl Garner · License #SA00083287
(479) 434-3000
Added: Oct 29
Last Checked: Oct 31 at 2:06AM
MLS# 1092767
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 multifamily property comprises 10 duplexes with 20 total units on 2.13 acres. The residences are configured with three bedrooms and two bathrooms, plus attached two-car garages. Brick veneer exteriors, central heating and cooling, and washer and dryer appliances are included; some units are furnished. The buildings are under construction, with a 2026 year built indicated.
The property is in Barling near Springhill Park on the Arkansas River. Access is available to I-49, Hwy 22 (Rogers Ave), and Hwy 59. Nearby destinations include U.S. Ebbing Air Force Base, Arkansas College of Health Education, ArcBest headquarters, manufacturing facilities, and Mercy Hospital.
Multi Family zoning and a stated 45% occupancy figure provide additional context for the property's current status. Corporate leasing is noted as an accommodation.
The property is in Barling near Springhill Park on the Arkansas River. Access is available to I-49, Hwy 22 (Rogers Ave), and Hwy 59. Nearby destinations include U.S. Ebbing Air Force Base, Arkansas College of Health Education, ArcBest headquarters, manufacturing facilities, and Mercy Hospital.
Multi Family zoning and a stated 45% occupancy figure provide additional context for the property's current status. Corporate leasing is noted as an accommodation.
Key Highlights
- 10 duplexes totaling 20 units on 2.13 acres
- Three‑bedroom, two‑bath units with attached two‑car garages
- 45% occupancy during early lease‑up
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,050
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,841,000
$2.8M
Cap Rate 7%
$2,029,286
$2.0M
Cap Rate 9%
$1,578,333
$1.6M
Market Conditions
NOI Build-Up for 21,420 SF
Gross rent
$218.5K $10.20/SF
− Vacancy
−$15.6K −$0.73/SF
EGI
$202.9K $9.47/SF
− OpEx
−$60.9K −$2.84/SF
NOI
$142.0K $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%
$2,841,000
Cap Rate 7%
$2,029,286
Cap Rate 9%
$1,578,333
Alternative Uses
Best Use
Multifamily LT 5
$2.03M
$1.78M – $2.37M
NOI $142,050 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$1.81M
$1.59M – $2.11M
NOI $126,846 @ 7.0% cap · market cap 2.54%
Theoretical Best
Healthcare Medical
$4.56M
$3.99M – $5.32M
NOI $319,012 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
20
Residential units
45%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
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Business Placement
Demographics for 72923, AR
4,811
Population
2,608
Households
1.8
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
16.4 sq mi
ZIP Area
293
Density / Sq Mi
$52,210
Median Household Income
$36,122
Median Earnings
$893
Median Rent
$125,600
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?
Multifamily property - Newly constructed residences offer three bedrooms, attached garages, and a mix of furnished and unfurnished units.
Where is this multifamily property located?
The property is located at 209 E P ST Barling, AR.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 10 duplexes totaling 20 units on 2.13 acres; Three‑bedroom, two‑bath units with attached two‑car garages; 45% occupancy during early lease‑up
