Occupied Two-Unit
For Sale
$140,000
515 N 12th St, Fort Smith, AR 72901
Both units are occupied and feature two bedrooms, one bathroom, and all-electric utilities.
Property Size1,628 SF
Price / SF$85
Days on Market79
Property Features for 515 N 12th St
General Information
Standard status
Active
Size
1,628 SF
Property subtype
Multi-Family
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
could benefit from some updating
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1990
Buildings
1
Tenancy
Multi
Listing Agency:
Truvi Realty
(479) 431-2259
Listed By:
Bradford & Udouj Realtors
(479) 646-5539
Source:
Bradfordudouj
Added: Jul 28
Changed: Oct 13
Last Checked: Oct 12 at 7:16PM
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 Truvi Realty
Investment Insights
Based on property information with market context.
This 1,628-square-foot duplex contains two residential units, each configured with two bedrooms and one bathroom. Both units are occupied by long-term tenants, and each relies on all-electric utilities. The property is being sold as-is and may benefit from updating.
Built in 1990, the duplex is located at 515 N 12th St in Fort Smith, Arkansas. Its existing two-unit configuration and tenant occupancy provide a clear basis for continued residential income use.
Built in 1990, the duplex is located at 515 N 12th St in Fort Smith, Arkansas. Its existing two-unit configuration and tenant occupancy provide a clear basis for continued residential income use.
Key Highlights
- Two‑unit duplex totaling 1,628 SF
- Both units occupied by long‑term tenants
- Each unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,796
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,920
$215.9K
Cap Rate 7%
$154,229
$154.2K
Cap Rate 9%
$119,956
$120.0K
Market Conditions
NOI Build-Up for 1,628 SF
Gross rent
$16.6K $10.20/SF
− Vacancy
−$1.2K −$0.73/SF
EGI
$15.4K $9.47/SF
− OpEx
−$4.6K −$2.84/SF
NOI
$10.8K $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 Rate 5%
$215,920
Cap Rate 7%
$154,229
Cap Rate 9%
$119,956
Alternative Uses
Best Use
Multifamily LT 5
$154.2K
$135.0K – $179.9K
NOI $10,796 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$137.7K
$120.5K – $160.7K
NOI $9,641 @ 7.0% cap · market cap 6.89%
Theoretical Best
Healthcare Medical
$346.4K
$303.1K – $404.1K
NOI $24,246 @ 7.0% cap · market cap 17.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,125
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both units are occupied and feature two bedrooms, one bathroom, and all-electric utilities.
Where is this duplex located?
The property is located at 515 N 12th St Fort Smith, AR.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,628 SF; Both units occupied by long‑term tenants; Each unit includes 2 bedrooms and 1 bathroom
