Remodeled Duplex with Furnished Rental
For Sale
$415,000
7409 Terry Street #7409 & 7411, Fort Smith, AR 72916
Updated interiors feature equipped kitchens, private laundry, and flexible occupancy options.
Property Size2,350 SF
Days on Market58
Property Features for 7409 Terry Street #7409 & 7411
General Information
Standard status
Active
Size
2,350 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
In-Unit Washer & Dryer
Fully Equipped Kitchens
Building Details
Building Size
2,350 SF
Buildings
1
Listing Agency:
The Heritage Group Real Estate - Barling
Listed By:
Chris Hacker · License #SA00094417
(479) 312-7876
Source:
Wisebaker.kw
Added: Aug 21
Changed: Oct 12
Last Checked: Oct 16 at 5:50AM
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 The Heritage Group Real Estate - Barling
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Investment Insights
Based on property information with market context.
This duplex presents two three-bedroom, two-bathroom residences with fully equipped kitchens and in-unit washer and dryer setups. Recent remodeling has refreshed both units, while pet-friendly accommodations support a broader range of occupancy needs. One residence is furnished and operating as a short-term rental; the other is vacant for owner occupancy or leasing.
Located on Terry Street near Chaffee Crossing, the property offers access to I-49, shopping, dining, and the Arkansas College of Osteopathic Medicine. The surrounding development also includes other major employers. The duplex may be acquired independently, with an opportunity also available to purchase a portfolio of three duplexes.
Located on Terry Street near Chaffee Crossing, the property offers access to I-49, shopping, dining, and the Arkansas College of Osteopathic Medicine. The surrounding development also includes other major employers. The duplex may be acquired independently, with an opportunity also available to purchase a portfolio of three duplexes.
Key Highlights
- Two three‑bedroom, two‑bathroom units
- Recently remodeled interiors with updated finishes
- One furnished unit operating as a short‑term rental
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,584
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,680
$311.7K
Cap Rate 7%
$222,629
$222.6K
Cap Rate 9%
$173,156
$173.2K
Market Conditions
NOI Build-Up for 2,350 SF
Gross rent
$24.0K $10.20/SF
− Vacancy
−$1.7K −$0.73/SF
EGI
$22.3K $9.47/SF
− OpEx
−$6.7K −$2.84/SF
NOI
$15.6K $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%
$311,680
Cap Rate 7%
$222,629
Cap Rate 9%
$173,156
Alternative Uses
Best Use
Multifamily LT 5
$222.6K
$194.8K – $259.7K
NOI $15,584 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$198.8K
$174.0K – $231.9K
NOI $13,916 @ 7.0% cap · market cap 3.35%
Theoretical Best
Healthcare Medical
$500.0K
$437.5K – $583.3K
NOI $34,999 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 72916, AR
10,250
Population
4,720
Households
2.2
Avg Household Size
41
Median Age
45%
College-Educated
92%
High-School Grad
37.7 sq mi
ZIP Area
272
Density / Sq Mi
$88,125
Median Household Income
$51,444
Median Earnings
$1,212
Median Rent
$257,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors feature equipped kitchens, private laundry, and flexible occupancy options.
Where is this duplex located?
The property is located at 7409 Terry Street #7409 & 7411 Fort Smith, AR.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two three‑bedroom, two‑bathroom units; Recently remodeled interiors with updated finishes; One furnished unit operating as a short‑term rental
