Remodeled Duplex with In-Unit
For Sale
$415,000
7413 Terry Street #7413 & 7515, Fort Smith, AR 72916
Two three-bedroom units feature updated finishes, equipped kitchens, and private laundry appliances.
Property Size2,500 SF
Days on Market58
Property Features for 7413 Terry Street #7413 & 7515
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Duplex
Occupancy
50%
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
fully equipped kitchens
in-unit washer and dryer
pet-friendly accommodations
Building Details
Building Size
2,500 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 4
Last Checked: Oct 16 at 5:45AM
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 contains two residential units, each with 3 bedrooms and 2 bathrooms. Both layouts include a fully equipped kitchen and an in-unit washer and dryer, while recent remodeling has introduced updated finishes. Pet-friendly accommodations are also noted, and one unit is vacant.
The property is situated on Terry Street with access to I-49, shopping, dining, and the Chaffee Crossing development. The Arkansas College of Osteopathic Medicine and other major employers are minutes away. The offering also includes the opportunity to purchase a portfolio of 3 duplexes.
The property is situated on Terry Street with access to I-49, shopping, dining, and the Chaffee Crossing development. The Arkansas College of Osteopathic Medicine and other major employers are minutes away. The offering also includes the opportunity to purchase a portfolio of 3 duplexes.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- Recently remodeled with updated finishes
- In‑unit washer and dryer in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,579
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,580
$331.6K
Cap Rate 7%
$236,843
$236.8K
Cap Rate 9%
$184,211
$184.2K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$25.5K $10.20/SF
− Vacancy
−$1.8K −$0.73/SF
EGI
$23.7K $9.47/SF
− OpEx
−$7.1K −$2.84/SF
NOI
$16.6K $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%
$331,580
Cap Rate 7%
$236,843
Cap Rate 9%
$184,211
Alternative Uses
Best Use
Multifamily LT 5
$236.8K
$207.2K – $276.3K
NOI $16,579 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$211.5K
$185.1K – $246.8K
NOI $14,805 @ 7.0% cap · market cap 3.57%
Theoretical Best
Healthcare Medical
$531.9K
$465.4K – $620.6K
NOI $37,233 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
50%
Occupancy
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 - Two three-bedroom units feature updated finishes, equipped kitchens, and private laundry appliances.
Where is this duplex located?
The property is located at 7413 Terry Street #7413 & 7515 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 units, each with 3 bedrooms and 2 bathrooms; Recently remodeled with updated finishes; In‑unit washer and dryer in each residence
