8-Unit Apartment
New
For Sale
$625,000
3700 Kinkead AVE, Fort Smith, AR 72903
Multifamily, Fort Smith, AR
Property Size6,808 SF
Lot Size0.33 Acres
Price / SF$91.80
Days on Market2
Property Features for 3700 Kinkead AVE
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
14
Rooms
Bedroom 7, Bedroom 6, Bedroom 1, Bedroom 11, Bedroom 12, Bedroom 5, Bedroom 13, Bedroom 3, Bedroom 4, Bedroom 10, Bedroom 2, Bedroom 9, Bedroom 8, Bedroom 14
Lot features
Cleared
Directions
Albert Pike to Kinkead turn West property on left
Standard status
Active
APN
18883-0000-00603-00
Size
6,808 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Description
PART SW NE 82.5 X 174'
Tax Annual Amount
5776
Legal Description
PART SW NE 82.5 X 174'
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
washer/dryer connections
Building Details
Year built
1986
Floors in Building
2
Number of units
8
Flooring type
Laminate, Tile - Ceramic
Roof type
Shingle
Listing Agency:
Linsey & Co. Realtors
(479) 431-4168
Listed By:
Linsey Yates · License #PB00055637
(479) 883-9370
Added: Nov 5
Last Checked: Nov 6 at 6:06AM
MLS# 1092903
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 8-unit apartment property contains 6,808 square feet on a 0.33-acre parcel. The unit mix includes six two-bedroom, two-bath units and two one-bedroom, one-bath units. All units are electric and have washer and dryer connections. Central heating and air conditioning serve the building, which was built in 1986 and has laminate and ceramic tile flooring.
The property is near the University of Arkansas–Fort Smith. Two-car parking is provided.
The property is near the University of Arkansas–Fort Smith. Two-car parking is provided.
Key Highlights
- Eight apartments across 6,808 square feet on 0.33 acres
- Six two‑bedroom, two‑bath units and two one‑bedroom, one‑bath units
- All‑electric units with washer and dryer connections
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,316
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,320
$806.3K
Cap Rate 7%
$575,943
$575.9K
Cap Rate 9%
$447,956
$448.0K
Market Conditions
NOI Build-Up for 6,808 SF
Gross rent
$79.2K $11.64/SF
− Vacancy
−$5.9K −$0.87/SF
EGI
$73.3K $10.77/SF
− OpEx
−$33.0K −$4.85/SF
NOI
$40.3K $5.92/SF
Area
Sebastian County, AR
Vacancy
7.50%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,320
Cap Rate 7%
$575,943
Cap Rate 9%
$447,956
Alternative Uses
Best Use
Apartment 5plus
$575.9K
$504.0K – $671.9K
NOI $40,316 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.45M
$1.27M – $1.69M
NOI $101,393 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
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Business Placement
Demographics for 72903, AR
25,225
Population
12,079
Households
2.1
Avg Household Size
41
Median Age
33%
College-Educated
91%
High-School Grad
16.2 sq mi
ZIP Area
1,557
Density / Sq Mi
$60,186
Median Household Income
$36,560
Median Earnings
$804
Median Rent
$216,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - All-electric units include washer and dryer connections, with a mix of one- and two-bedroom floor plans.
Where is this multifamily property located?
The property is located at 3700 Kinkead AVE Fort Smith, AR.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Eight apartments across 6,808 square feet on 0.33 acres; Six two‑bedroom, two‑bath units and two one‑bedroom, one‑bath units; All‑electric units with washer and dryer connections
