Park Hill Quadplex
2420 S Q Street, Fort Smith, AR 72901
Four units with income potential in Park Hill neighborhood.
Type:Multi Family
Property size:
4,567 SFPrice / SF:
$80/SF- Added:
- Aug 14, 2025
- Days on Market:
- 293
- Last Refresh:
- Apr 8 at 1:11 am
Property Features for 2420 S Q Street
General Information
- Standard status
- Active
- Size
- 4,567 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1985
Listing agent Juan Beltran License #EB00068173 (479) 561-9331
Listing office Epique Realty (479) 561-9331
Listing date Aug 14, 2025
Source Exitrealty
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 Epique Realty
HighLights
- Investment opportunity with high income potential (over $37,000 gross yearly income).
- Four units, each with 2 bedrooms and 1 1/2 bathrooms.
- Desirable Park Hill neighborhood location.
- Ample parking: 4 covered spots and additional uncovered spaces.
- All brick construction.
- Convenient location near Creekmore Park and Ballman Elementary.
Overview
This is an investment opportunity located in the Park Hill neighborhood. The property consists of a brick quadplex with a total of four units. Each unit features two bedrooms and one and a half bathrooms. There are ample parking options available, including four covered parking spots and additional uncovered spaces. The property offers a potential yearly gross income of over $37,000. The location provides convenient access to local amenities and attractions. Creekmore Park is located nearby, and Ballman Elementary is across the street. The property size is 4,567 square feet.
Local 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 | $46.6k | $10.20 |
| − Vacancy | −$3.3k | −$0.73 |
| EGI | $43.3k | $9.47 |
| − OpEx | −$13.0k | −$2.84 |
| NOI | $30.3k | $6.63 |
4,567 SF · lease $10.20/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$432.7K
$378.6K – $504.8K
NOI $30,287 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$386.4K
$338.1K – $450.8K
NOI $27,045 @ 7.0% cap · market cap 7.34%
Theoretical Best
Healthcare Medical
$971.7K
$850.2K – $1.13M
NOI $68,017 @ 7.0% cap · market cap 18.46%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Fort Smith
- County
- Sebastian
- State
- Arkansas
- Longitude
- -94.406324
- Latitude
- 35.366162
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four units with income potential in Park Hill neighborhood.
Where is this quadplex located?
The property is located at 2420 S Q Street Fort Smith, AR.
What is the asking price?
The asking price for this property is $368,500.
What are key features of this property?
This property features: Investment opportunity with high income potential (over $37,000 gross yearly income).; Four units, each with **2 bedrooms and 1 1/2 bathrooms**.; Desirable Park Hill neighborhood location.
