Occupied Duplex with Two 2BR
515 N 12th ST Unit #A & B Fort Smith, AR 72901
New
For Sale
$140,000
MULTI_FAMILY - Fort Smith, AR
Property Size1,628 SF
Lot Size0.16 Acres
Price / SF$85
Days on Market5
Property Features for 515 N 12th ST Unit #A & B
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Family
Bedrooms
4
Rooms
Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 2
Standard status
Active
APN
11317-0009-00075-00
Size
1,628 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
LOT 9 BLK 75
Tax Annual Amount
628
Utilities
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Building Details
Year built
1990
Floors in Building
1
Number of units
2
Flooring type
Wood
Roof type
Shingle
Listing Agency:
The Heritage Group Real Estate - Barling
(479) 806-5955
Listed By:
Adrienne Lyons
(479) 883-8301
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 30 at 9:06AM
MLS# 1090687
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 income-producing duplex at 515 N 12th St (Units A & B) in Fort Smith, Arkansas is zoned for multi-family use and contains two separate 2-bedroom, 1-bath units. Both units are currently occupied by long-term tenants, providing rental income from day one. The property is served by all-electric utilities and totals approximately 1,628 square feet on a 0.16-acre lot, and it’s being sold as-is.
The seller notes the property could benefit from some updating, offering investors a straightforward opportunity to improve the asset while maintaining established tenancy. Terms and condition are sold AS IS.
The seller notes the property could benefit from some updating, offering investors a straightforward opportunity to improve the asset while maintaining established tenancy. Terms and condition are sold AS IS.
Key Highlights
- Income‑producing duplex with both units currently occupied by long‑term tenants
- Each unit offers 2 bedrooms and 1 bathroom
- All‑electric utilities for both units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.6k | $10.20 |
| − Vacancy | −$1.2k | −$0.73 |
| EGI | $15.4k | $9.47 |
| − OpEx | −$4.6k | −$2.84 |
| NOI | $10.8k | $6.63 |
1,628 SF · lease $10.20/SF/yr · vacancy 7.12% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex offers two occupied 2-bedroom, 1-bath units with all-electric utilities, sold as-is.
Where is this duplex located?
The property is located at 515 N 12th ST Unit #A & B 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: Income‑producing duplex with both units currently occupied by long‑term tenants; Each unit offers 2 bedrooms and 1 bathroom; All‑electric utilities for both units
