New Two-Bedroom
For Sale
$285,000
420 Lexington Avenue, Fort Smith, AR 72901
Two-unit residential property with private baths, granite countertops, and laundry hookups in each unit.
Property Size1,876 SF
Days on Market46
Property Features for 420 Lexington Avenue
General Information
Standard status
Active
Size
1,876 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Building Size
1,876 SF
Year Built
2026
Buildings
1
Listing Agency:
Sagely & Edwards Realtors
Listed By:
Carrington Team
(479) 782-8911
Source:
Wisebaker.kw
Added: Aug 26
Changed: Oct 3
Last Checked: Oct 9 at 4:44PM
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 Sagely & Edwards Realtors
Investment Insights
Based on property information with market context.
Completed in 2026, this all-electric duplex contains two residential units totaling 1,876 square feet. Each unit offers 938 square feet with two bedrooms and two private baths, along with an electric range, granite countertops, and laundry hookups. The property was built by Carrington and is located at 420 Lexington Ave in Fort Smith, Arkansas.
Key Highlights
- Built in 2026 by Carrington
- Two units totaling 1,876 square feet
- Each unit includes 938 square feet, 2 bedrooms, and 2 private baths
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.
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 - Two-unit residential property with private baths, granite countertops, and laundry hookups in each unit.
Where is this duplex located?
The property is located at 420 Lexington Avenue 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: Built in 2026 by Carrington; Two units totaling 1,876 square feet; Each unit includes 938 square feet, 2 bedrooms, and 2 private baths
