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Three-Duplex, Six-Unit Multifamily
For Sale
$1,800,000

7421 Terry Street, Fort Smith, AR 72916

Recently remodeled six-unit property with furnished short-term rentals and one vacant unit, featuring in-unit washer and dryer.

Days on Market8

Property Features for 7421 Terry Street

General Information

Standard status Active
Property subtype Duplex

Site & Location

Highway Access Yes
Road Access Yes

Units

Unit Mix 6 x 3BR/2BA
Multifamily Units 6

Amenities

in-unit washer and dryer
pet-friendly

Building Details

Building Size 2,500 SF
Buildings 3
Listing Agency: The Heritage Group Real Estate Co.
Listed By: Chris Hacker · License #SA00094417
Source: 1percentlistsarkansas
Added: Jul 24 Changed: Jul 30 Last Checked: Jul 31 at 2:46AM

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 Co.

Investment Insights

Based on property information with market context.

Three duplexes totaling six residential units in the Chaffee Crossing area offer a flexible ownership setup on Terry Street in Fort Smith. Each unit provides approximately 1,250± SF with three bedrooms, two bathrooms, a fully equipped kitchen, and an in-unit washer and dryer. The units have recently been remodeled with updated finishes intended for comfort and convenience.

The current unit mix includes two units operating as furnished short-term rentals, one unit vacant, and three units occupied—supporting options for owner occupancy, immediate leasing, or continued short-term rental operations. Pet-friendly accommodations add to the property’s appeal. The location provides convenient access to I-49 and nearby shopping and dining, with the Arkansas College of Osteopathic Medicine and other major employers in the growing Chaffee Crossing development described as just minutes away.

Key Highlights

  • Three duplexes totaling six residential units
  • Each unit offers approx. 1,250± SF with 3 bedrooms and 2 bathrooms
  • Furnished short‑term rentals in 2 units; 1 unit is vacant; 3 units occupied

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick HVAC Service Building Supply (Bike/Boat/Book/etc) Store Auto Parts Store Garden Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

94
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Recently remodeled six-unit property with furnished short-term rentals and one vacant unit, featuring in-unit washer and dryer.
Where is this apartment building located?
The property is located at 7421 Terry Street Fort Smith, AR.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Three duplexes totaling six residential units; Each unit offers approx. 1,250± SF with 3 bedrooms and 2 bathrooms; Furnished short‑term rentals in 2 units; 1 unit is vacant; 3 units occupied
More about this property
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