Remodeled Duplex with Flexible
For Sale
$415,000
7409 Terry St, Fort Smith, AR 72916
Updated duplex with one furnished short-term rental unit and one vacant unit.
Property Size2,350 SF
Price / SF$176.60
Days on Market56
Property Features for 7409 Terry St
General Information
Standard status
Active
Size
2,350 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
in-unit washer and dryer
fully equipped kitchens
pet-friendly accommodations
Building Details
Buildings
1
Listing Agency:
O'neal Real Estate- Fort Smith
(479) 242-4609
Listed By:
Bradford & Udouj Realtors
(479) 646-5539
Source:
Bradfordudouj
Added: Aug 23
Changed: Oct 16
Last Checked: Oct 16 at 9:12AM
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 O'neal Real Estate- Fort Smith
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,350-square-foot duplex contains two three-bedroom, two-bathroom units, each with a fully equipped kitchen and in-unit washer and dryer. Recent remodeling has refreshed both residences, while pet-friendly accommodations support broader leasing flexibility. One unit is furnished and operating as a short-term rental; the other is vacant for owner occupancy or leasing.
The property provides access to I-49, shopping, dining, and the Chaffee Crossing development, with the Arkansas College of Osteopathic Medicine and other major employers nearby. The offering also presents the possibility of acquiring a portfolio of three duplexes, as stated in the property information.
The property provides access to I-49, shopping, dining, and the Chaffee Crossing development, with the Arkansas College of Osteopathic Medicine and other major employers nearby. The offering also presents the possibility of acquiring a portfolio of three duplexes, as stated in the property information.
Key Highlights
- 2,350‑square‑foot duplex with two 3‑bedroom, 2‑bathroom units
- Recently remodeled interiors with updated finishes
- One unit furnished and 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
94
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 duplex with one furnished short-term rental unit and one vacant unit.
Where is this duplex located?
The property is located at 7409 Terry St 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: 2,350‑square‑foot duplex with two 3‑bedroom, 2‑bathroom units; Recently remodeled interiors with updated finishes; One unit furnished and operating as a short‑term rental
