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Three Duplex Apartment Buildings
For Sale
$1,800,000

7421 Terry ST, Fort Smith, AR 72916

MULTI_FAMILY - Fort Smith, AR

Property Size2,500 SF
Lot Size1.23 Acres
Price / SF$720
Days on Market8

Property Features for 7421 Terry ST

General Information

Property type Residential Multi Family
Property subtype Duplex
Subdivision The Fuge Residential
Lot features Cleared, Corner, In Subdivision, Landscaped, Level, Open, Secluded
Directions Take Frontier Road to Taylor Ave, go 1/2 mile and turn south onto Terry St. The property is located at the south end of Terry St, on the east side of the road.
Standard status Active
APN 18285-0004-00000-00
Size 2,500 SF
Lot size 1.23 Acres

Taxes and HOA fees

Tax Description see supplement for legal descriptions.
Tax Annual Amount 1747
Legal Description see supplement for legal descriptions.

Utilities

Heating system Ductless (Heating), Electric (Heating)
Cooling system Electric, Ductless

Amenities

fully equipped kitchen
in-unit washer and dryer
pet-friendly accommodations

Building Details

Floors in Building 1
Number of units 6
Flooring type Vinyl
Roof type Shingle
Listing Agency: The Heritage Group Real Estate - Barling
Listed By: Chris Hacker · License #SA00094417
Added: Jul 24 Changed: Jul 30 Last Checked: Jul 31 at 2:06PM
MLS# 1090698

Copyright © 2026 Western River Valley Board of REALTORS®. 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.

An apartment income property featuring three duplex buildings and six total residential units at 7421 Terry St, Fort Smith, AR 72916. Each unit offers approximately 1,250+/- square feet with 3 bedrooms and 2 bathrooms, a fully equipped kitchen, and an in-unit washer and dryer. Flooring includes vinyl, and heating and cooling are electric with ductless systems.

The unit interiors have been recently remodeled with updated finishes. The current unit mix includes two units operating as furnished short-term rentals, three units occupied, and one vacant unit that could support owner occupancy or immediate leasing.

Location is in the Chaffee Crossing area of Barling, with convenient access to I-49 and nearby shopping and dining, and just minutes from the Arkansas College of Osteopathic Medicine and other major employers in the Chaffee Crossing development. Pet-friendly accommodations are part of the property’s current appeal.

Key Highlights

  • 1.23‑acre property with three duplex buildings and six total residential units
  • Approximately 1,250+/- SF per unit, each with 3 bedrooms and 2 bathrooms
  • Recently remodeled interiors with updated finishes

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 - Three duplex apartment buildings with recently remodeled 1,250+/- SF units, in-unit washer and dryer, and pet-friendly accommodations.
Where is this apartment building located?
The property is located at 7421 Terry ST 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: 1.23‑acre property with three duplex buildings and six total residential units; Approximately 1,250+/- SF per unit, each with 3 bedrooms and 2 bathrooms; Recently remodeled interiors with updated finishes
More about this property
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