Occupied Two-Unit
For Sale
$140,000
515 N 12th ST Unit #A & B, Fort Smith, AR 72901
Multifamily, Fort Smith, AR
Property Size1,628 SF
Lot Size0.16 Acres
Price / SF$85
Days on Market104
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 2, Bedroom 1, Bedroom 4
Subdivision
City
Lot features
Curbing, In Subdivision
Elementary school
Howard
Middle school
Darby
High school
Northside
Elementary school district
Fort Smith
Middle school district
Fort Smith
High school district
Fort Smith
Directions
Take exit 6 for Grand Ave Turn left onto Grand Ave Turn right onto N D St Turn right onto N 12th St
Standard status
Active
APN
11317-0009-00075-00
Size
1,628 SF
Lot size
0.16 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
LOT 9 BLK 75
Tax Annual Amount
628
Legal Description
LOT 9 BLK 75
Utilities
Heating system
Central
Cooling system
Window Unit(s), Central Air
Building Details
Year built
1990
Floors in Building
1
Number of units
2
Flooring type
Wood
Roof type
Shingle
Buildings
1
Listing Agency:
The Heritage Group Real Estate - Barling
(479) 806-5955
Listed By:
Adrienne Lyons
(479) 883-8301
Added: Jul 26
Changed: Oct 31
Last Checked: Nov 6 at 11:06AM
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.
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,628 square feet on a 0.16-acre lot, with each residence offering 2 bedrooms and 1 bathroom. Both units are occupied by long-term tenants. The property was built in 1990 and includes wood flooring, central heating, central air, and a window unit. Shingle roofing and all-electric utilities serve the building.
Located at 515 N 12th ST Unit #A & B in Fort Smith, the property is zoned Multi Family. It is being offered in as-is condition and may benefit from updating, providing a clear path for an investor seeking to improve an existing two-unit rental property.
Located at 515 N 12th ST Unit #A & B in Fort Smith, the property is zoned Multi Family. It is being offered in as-is condition and may benefit from updating, providing a clear path for an investor seeking to improve an existing two-unit rental property.
Key Highlights
- Both units are occupied by long‑term tenants
- Two‑unit duplex with 1,628 square feet on 0.16 acres
- 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
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,125
Businesses Nearby
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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
$113,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Fort Smith, AR
Properties on Market for Duplexes in Fort Smith
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both units have long-term tenants and all-electric utilities, providing an established rental configuration.
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: Both units are occupied by long‑term tenants; Two‑unit duplex with 1,628 square feet on 0.16 acres; Each unit includes 2 bedrooms and 1 bathroom
