2308 Savannah ST, Fort Smith, AR 72903
MULTI_FAMILY - Fort Smith, AR
- Added:
- Dec 1, 2025
- Days on Market:
- 217
- Last Refresh:
- Jul 6 at 3:06 am
Property Features for 2308 Savannah ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 17
- Rooms
- Bedroom 3, Bedroom 4, Bedroom 17, Bedroom 10, Bedroom 9, Bedroom 5, Bedroom 6, Bedroom 11, Bedroom 2, Bedroom 15, Bedroom 13, Bedroom 8, Bedroom 12, Bedroom 14, Bedroom 16, Bedroom 1, Bedroom 7
- Parking features
- Assigned
- Standard status
- Active
- APN
- 14984-0044-00000-00
- Size
- 8,308 SF
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Description
- E/2 LT 44
- Tax Annual Amount
- 2947
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric
Building Details
- Floors in Building
- 2
- Number of units
- 12
- Flooring type
- Vinyl, Wood
- Roof type
- Shingle
Listing agent Misty Beasley License #SA00087019 (479) 434-3000
Listing office Keller Williams Platinum Realty 3300 S 70th St., Fort Smith, AR (479) 434-3000
Listing date Dec 1, 2025
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
- Stable cash flow with potential for future rent growth.
- Turnkey investment with minimal ongoing maintenance.
- Updated interiors in all 12 units.
- Income‑producing on‑site laundry facility.
- Mix of 7 one‑bedroom and 5 two‑bedroom units.
- Additional vacant room for community space, office, or fitness room.
Overview
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 | $96.7k | $11.64 |
| − Vacancy | −$7.3k | −$0.87 |
| EGI | $89.5k | $10.77 |
| − OpEx | −$40.3k | −$4.85 |
| NOI | $49.2k | $5.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fort Smith
- County
- Sebastian
- State
- Arkansas
- Longitude
- -94.410123
- Latitude
- 35.33556
