2301 S V ST, Fort Smith, AR 72901
MULTI_FAMILY - Fort Smith, AR
- Added:
- May 1, 2026
- Days on Market:
- 54
- Last Refresh:
- Jun 23 at 4:06 am
Property Features for 2301 S V ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Standard status
- Active
- APN
- 00000000
- Size
- 6,360 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Description
- Part Ne Se
- Tax Annual Amount
- 1501
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Floors in Building
- 2
- Number of units
- 8
- Flooring type
- Wood, Carpet, Laminate
- Roof type
- Shingle
Listing agent Bonnie Gayer (479) 434-3000
Listing office Keller Williams Platinum Realty 3300 S 70th St., Fort Smith, AR (479) 434-3000
Listing date May 1, 2026
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.
HighLights
- 8‑unit apartment complex at 2310 South V Street in Fort Smith
- Recently updated: all units repainted with kitchen cabinet work, new cabinet hardware, and new lighting and fans
- Bathroom updates include new vanities, plus updated medicine cabinets with hung mirrors in some units
- Most units have new flooring; flooring includes wood, carpet, and laminate
- Apartments currently renting at $570 per unit
- Heating and cooling include central heat and central air; roof is shingle
Overview
The property is located at 2301 S V St, Fort Smith, Arkansas (Sebastian County). It sits on a 0.32-acre lot and totals 6,360 square feet across the apartment building.
For investors or owner-operators looking for a small-balance multifamily asset, this property presents an occupied configuration with stated current rents of $570.00 per unit. With recent unit updates already underway and most units receiving new flooring, the building may offer a more turnkey interior profile than an untreated portfolio acquisition, while leaving only the noted unfinished kitchen flooring for units 6 and 8 to address.
Local Financial Insights For Apartment 5plus
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 | $74.0k | $11.64 |
| − Vacancy | −$5.6k | −$0.87 |
| EGI | $68.5k | $10.77 |
| − OpEx | −$30.8k | −$4.85 |
| NOI | $37.7k | $5.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Smith
- County
- Sebastian
- State
- Arkansas
- Longitude
- -94.408125
- Latitude
- 35.361692
