Six-Unit Brick Apartment
For Sale
$425,000
405 Chateau Street, Barling, AR 72923
Two-story multifamily property with attached laundry, tenant storage, and a covered second-level balcony.
Property Size4,489 SF
Days on Market58
Property Features for 405 Chateau Street
General Information
Standard status
Active
Size
4,489 SF
Property subtype
Apartment
Additional Details
Multifamily Units
6
Amenities
shared covered balcony
storage units
coin operated laundry
Building Details
Building Size
4,489 SF
Stories
2
Construction
brick
Listing Agency:
Arkansas Real Estate Collective
Listed By:
Jamie Dudley · License #SA00076274
(479) 970-2541
Source:
Wisebaker.kw
Added: Aug 21
Changed: Oct 12
Last Checked: Oct 16 at 5:50AM
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 Arkansas Real Estate Collective
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Investment Insights
Based on property information with market context.
This two-story apartment property contains six units, including three residences on the upper level reached by exterior stairs. The building has red-brick exterior walls on all four sides, while the upstairs units feature exterior siding and share a covered balcony. An attached private coin-operated laundry serves the residents, and additional outdoor storage units are available for tenant rental.
The property is located at 405 Chateau Street in Barling, southeast of Fort Smith. A small lake across the street provides a water view from the complex. The combination of multiple residential units, on-site laundry, and supplemental storage supports a straightforward multifamily configuration.
The property is located at 405 Chateau Street in Barling, southeast of Fort Smith. A small lake across the street provides a water view from the complex. The combination of multiple residential units, on-site laundry, and supplemental storage supports a straightforward multifamily configuration.
Key Highlights
- Six‑unit, two‑story apartment property
- Three upper‑level units accessed by exterior stairs
- Red‑brick exterior on all four sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,583
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,660
$531.7K
Cap Rate 7%
$379,757
$379.8K
Cap Rate 9%
$295,367
$295.4K
Market Conditions
NOI Build-Up for 4,489 SF
Gross rent
$52.3K $11.64/SF
− Vacancy
−$3.9K −$0.87/SF
EGI
$48.3K $10.77/SF
− OpEx
−$21.7K −$4.85/SF
NOI
$26.6K $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%
$531,660
Cap Rate 7%
$379,757
Cap Rate 9%
$295,367
Alternative Uses
Best Use
Apartment 5plus
$379.8K
$332.3K – $443.1K
NOI $26,583 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$955.1K
$835.7K – $1.11M
NOI $66,856 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
185
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?
Apartment building - Two-story multifamily property with attached laundry, tenant storage, and a covered second-level balcony.
Where is this apartment building located?
The property is located at 405 Chateau Street Barling, AR.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Six‑unit, two‑story apartment property; Three upper‑level units accessed by exterior stairs; Red‑brick exterior on all four sides
