24-Unit Quadplex
4308 4400-4416 4508-4516 Yorkshire DR, Fort Smith, AR 72903
For Sale
$1,950,000
Multifamily, Fort Smith, AR
Property Size29,088 SF
Lot Size0.34 Acres
Price / SF$67.04
Days on Market55
Property Features for 4308 4400-4416 4508-4516 Yorkshire DR
General Information
Property type
Property subtype
Parking features
Patio and Porch features
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Buildings
Listing Agency:
Warnock Real Estate LLC
Listed By:
Ronald Tran
(479) 434-2818
Added: Sep 17
Changed: Oct 26
Last Checked: Nov 10 at 10:06AM
MLS# 1091872
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Six contiguous two-level quadplexes comprise a 24-unit residential portfolio at 4308, 4400, 4408, 4416, 4508, and 4516 Yorkshire Drive. Each building contains 4,848 square feet, for 29,088 square feet across the portfolio. The buildings date to 1975 and include detached garages, covered parking, carports, and patios. Interior features include carpet and ceramic tile, with electric heating and a mix of central air and window-unit cooling.
The properties are near an I-540 exit, Walmart, Kimmons Jr. High, Sutton Elementary, and the University of Arkansas Fort Smith. All units are occupied. Tenants pay utilities, except for one building where the owner pays the water bill. The stated cap rate is 8.00%.
The properties are near an I-540 exit, Walmart, Kimmons Jr. High, Sutton Elementary, and the University of Arkansas Fort Smith. All units are occupied. Tenants pay utilities, except for one building where the owner pays the water bill. The stated cap rate is 8.00%.
Key Highlights
- 24 units across six contiguous quadplexes
- Each two‑level building contains 4,848 square feet; 29,088 square feet total
- 100% occupied; 8.00% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,255
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,445,100
$3.4M
Cap Rate 7%
$2,460,786
$2.5M
Cap Rate 9%
$1,913,944
$1.9M
Market Conditions
NOI Build-Up for 29,088 SF
Gross rent
$338.6K $11.64/SF
− Vacancy
−$25.4K −$0.87/SF
EGI
$313.2K $10.77/SF
− OpEx
−$140.9K −$4.85/SF
NOI
$172.3K $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%
$3,445,100
Cap Rate 7%
$2,460,786
Cap Rate 9%
$1,913,944
Alternative Uses
Best Use
Multifamily LT 5
$2.76M
$2.41M – $3.22M
NOI $192,901 @ 7.0% cap · market cap 9.89%
Second Best
Apartment 5plus
$2.46M
$2.15M – $2.87M
NOI $172,255 @ 7.0% cap · market cap 8.83%
Theoretical Best
Healthcare Medical
$6.19M
$5.42M – $7.22M
NOI $433,213 @ 7.0% cap · market cap 22.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
24
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
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
Check the figures for this property
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?
Quadplex - Six contiguous buildings offer a fully occupied residential rental portfolio near schools, retail, and I-540.
Where is this quadplex located?
The property is located at 4308 4400-4416 4508-4516 Yorkshire DR Fort Smith, AR.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 24 units across six contiguous quadplexes; Each two‑level building contains 4,848 square feet; 29,088 square feet total; 100% occupied; 8.00% cap rate
