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Brick Duplex with Attached Garages
New
For Sale
$249,900

4414 Windsor Dr, Fort Smith, AR 72904

Side-by-side rental property with fireplaces, dining areas, and individual laundry spaces.

Property Size2,228 SF
Price / SF$112.16
Days on Market4

Property Features for 4414 Windsor Dr

General Information

Standard status Active
Size 2,228 SF
Total Parking Spaces 2
Property subtype Multi-Family
Occupancy 100%

Financials

Asking Price $249,900
Gross Income $22,560
Average Monthly Rent $940

Units

Unit Mix 2 x 2BR/2BA
Multifamily Units 2

Amenities

fireplaces
separate dining spaces
walk-in closets
individual laundry areas

Building Details

Year Built 1970
Construction brick
Listing Agency: Keller Williams Platinum Realty
Listed By: Bradford & Udouj Realtors
Source: Bradfordudouj
Added: Aug 30 Changed: Aug 31 Last Checked: Sep 1 at 6:10PM

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 Keller Williams Platinum Realty

Investment Insights

Based on property information with market context.

Located at 4414 Windsor Dr in Fort Smith, this 2,228-square-foot duplex contains two side-by-side residential units, each with a 2-bedroom, 2-bath layout and an attached one-car garage. Both units are currently rented. The brick exterior is complemented by spacious living rooms, fireplaces, separate dining areas, walk-in closets, and dedicated laundry spaces.

Built in 1970, the property is positioned near public and private schools, a city library, and Fort Smith amenities. Its two-unit configuration provides a compact multifamily format with established occupancy and practical features for residential tenants.

Key Highlights

  • Two‑unit duplex with both residences currently rented
  • Each unit features 2 bedrooms and 2 baths
  • Attached one‑car garage for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,775
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.91%
Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$295,500 $295.5K
Cap Rate 7%
$211,071 $211.1K
Cap Rate 9%
$164,167 $164.2K
Market Conditions
NOI Build-Up for 2,228 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.7K $10.20/SF
− Vacancy
−$1.6K −$0.73/SF
EGI
$21.1K $9.47/SF
− OpEx
−$6.3K −$2.84/SF
NOI
$14.8K $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 rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$295,500
Cap Rate 7%
$211,071
Cap Rate 9%
$164,167

Alternative Uses

Best Use
Multifamily LT 5
$211.1K
$184.7K – $246.3K (±1% cap)
NOI $14,775 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$188.5K
$164.9K – $219.9K (±1% cap)
NOI $13,194 @ 7.0% cap · market cap 5.28%
Theoretical Best
Healthcare Medical
$474.0K
$414.8K – $553.0K (±1% cap)
NOI $33,182 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Pharmacy Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

218
Businesses Nearby

Demographics for 72904, AR

22,402
Population
8,406
Households
2.7
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
13.7 sq mi
ZIP Area
1,635
Density / Sq Mi
$40,357
Median Household Income
$28,519
Median Earnings
$817
Median Rent
$108,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Side-by-side rental property with fireplaces, dining areas, and individual laundry spaces.
Where is this duplex located?
The property is located at 4414 Windsor Dr Fort Smith, AR.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑unit duplex with both residences currently rented; Each unit features 2 bedrooms and 2 baths; Attached one‑car garage for each unit
More about this property
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