Updated Duplex with
For Sale
$245,000
Pending
6500 Dallas Street, Fort Smith, AR 72903
Residential, Fort Smith, AR
Property Size2,329 SF
Lot Size0.29 Acres
Days on Market428
Property Features for 6500 Dallas Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 4
Parking features
Open, Garage
Exterior features
ConcreteDriveway
Appliances
ElectricWaterHeater
Subdivision
Cliff Terrace #3 Replats
Lot features
Central Business District, Corner Lot, City Lot
Directions
From Rogers Ave turn South onto S. 66th Street. Right onto Dallas. Duplex is the second house on the left, corner of Dallas St and S. 65th Circle.
Standard status
Pending
APN
11413-0001-00005-00
Size
2,329 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
LOT 1 REPLAT OF LOTS 1-2-3-4-5
Tax Annual Amount
1664
Legal Description
LOT 1 REPLAT OF LOTS 1-2-3-4-5
Utilities
Heating system
Central
Cooling system
Electric
Building Details
Year built
1975
Floors in Building
1
Number of units
2
Flooring type
Tile, Vinyl
Building materials
Brick, VinylSiding
Roof type
Shingle
Listing Agency:
AROK Realty, LLC
(479) 719-1234
Listed By:
Alicia Arnold · License #EB00088356
(479) 430-8719
Added: Aug 12, 2025
Changed: Sep 16
Last Checked: Oct 13 at 8:06AM
MLS# 1317774
Copyright © 2026 ArkansasONE MLS. 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 duplex contains 2,329 square feet on a 0.2929-acre lot and was built in 1975. The property includes open living areas, updated kitchens, four bedrooms, and three bathrooms. Brick and vinyl siding form the exterior, while tile and vinyl flooring are used inside. Central heating, electric cooling, an electric water heater, and a shingle roof are in place. Parking includes an attached garage and open spaces, with a concrete driveway serving the property.
Both units are occupied, and tenants pay their own utilities while the owner handles lawn care. Showings require 24 hours’ notice, and the property is offered in its current condition. The duplex is located at 6500 Dallas Street in Fort Smith, near shopping, dining, and entertainment.
Both units are occupied, and tenants pay their own utilities while the owner handles lawn care. Showings require 24 hours’ notice, and the property is offered in its current condition. The duplex is located at 6500 Dallas Street in Fort Smith, near shopping, dining, and entertainment.
Key Highlights
- 2,329‑square‑foot duplex on a 0.2929‑acre lot
- Built in 1975 with brick and vinyl siding
- Four bedrooms and three bathrooms across the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,445
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,900
$308.9K
Cap Rate 7%
$220,643
$220.6K
Cap Rate 9%
$171,611
$171.6K
Market Conditions
NOI Build-Up for 2,329 SF
Gross rent
$23.8K $10.20/SF
− Vacancy
−$1.7K −$0.73/SF
EGI
$22.1K $9.47/SF
− OpEx
−$6.6K −$2.84/SF
NOI
$15.4K $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%
$308,900
Cap Rate 7%
$220,643
Cap Rate 9%
$171,611
Alternative Uses
Best Use
Multifamily LT 5
$220.6K
$193.1K – $257.4K
NOI $15,445 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$197.0K
$172.4K – $229.9K
NOI $13,792 @ 7.0% cap · market cap 5.63%
Theoretical Best
Healthcare Medical
$495.5K
$433.6K – $578.1K
NOI $34,686 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,360
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
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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 - Two occupied units offer open living areas, updated kitchens, and tenant-paid utilities.
Where is this duplex located?
The property is located at 6500 Dallas Street Fort Smith, AR.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 2,329‑square‑foot duplex on a 0.2929‑acre lot; Built in 1975 with brick and vinyl siding; Four bedrooms and three bathrooms across the property
