All-Electric
For Sale
$285,000
420 Lexington AVE, Fort Smith, AR 72901
Multifamily, Traditional, Fort Smith, AR
Property Size1,876 SF
Lot Size0.24 Acres
Price / SF$151.92
Days on Market49
Property Features for 420 Lexington AVE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Window features
Vinyl Frames
Appliances
Dishwasher, Electric, Garbage Disposal, Microwave Vent, Range
Subdivision
Fitzgerald
Lot features
Cleared, Corner
Elementary school district
Fort Smith
Middle school district
Fort Smith
High school district
Fort Smith
Directions
From Rogers Ave, go South on Lexington Ave, duplex will be on right.
Standard status
Active
APN
12763-0008-00214-00
Size
1,876 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
LOT 7-8 BLK N FITZGERALD SUBDIVISION
Tax Annual Amount
232
Legal Description
LOT 7-8 BLK N FITZGERALD SUBDIVISION
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Amenities
laundry hookups
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Flooring type
Concrete
Roof type
Shingle
Architectural style
Other
Listing Agency:
Sagely & Edwards Realtors
Listed By:
Carrington Team
(479) 782-8911
Added: Aug 26
Changed: Oct 12
Last Checked: Oct 13 at 7:06AM
MLS# 1091192
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.
Investment Insights
Based on property information with market context.
This duplex is under construction on a 0.24-acre lot, with 1,876 square feet across two residences. Each 938-square-foot unit has two bedrooms, two private bathrooms, and laundry hookups. Kitchen features include an electric range, granite countertops, a dishwasher, microwave vent, and garbage disposal. Central electric heating and air conditioning serve the property, which has concrete flooring and a shingle roof. The recorded year built is 2026.
Key Highlights
- Two 938‑square‑foot units; 1,876 square feet total
- Each unit has 2 bedrooms and 2 private bathrooms
- 0.24‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,441
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,820
$248.8K
Cap Rate 7%
$177,729
$177.7K
Cap Rate 9%
$138,233
$138.2K
Market Conditions
NOI Build-Up for 1,876 SF
Gross rent
$19.1K $10.20/SF
− Vacancy
−$1.4K −$0.73/SF
EGI
$17.8K $9.47/SF
− OpEx
−$5.3K −$2.84/SF
NOI
$12.4K $6.63/SF
Area
Sebastian County, AR
Vacancy
7.12%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,820
Cap Rate 7%
$177,729
Cap Rate 9%
$138,233
Alternative Uses
Best Use
Multifamily LT 5
$177.7K
$155.5K – $207.4K
NOI $12,441 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$158.7K
$138.9K – $185.2K
NOI $11,109 @ 7.0% cap · market cap 3.90%
Theoretical Best
Healthcare Medical
$399.1K
$349.3K – $465.7K
NOI $27,940 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,680
Businesses Nearby
Explore this area
Business Placement
Demographics for 72901, AR
20,973
Population
10,337
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
8.7 sq mi
ZIP Area
2,411
Density / Sq Mi
$42,568
Median Household Income
$30,582
Median Earnings
$837
Median Rent
$113,200
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences include private bathrooms, laundry hookups, and kitchens with electric ranges and granite countertops.
Where is this duplex located?
The property is located at 420 Lexington AVE Fort Smith, AR.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two 938‑square‑foot units; 1,876 square feet total; Each unit has 2 bedrooms and 2 private bathrooms; 0.24‑acre lot
