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Three Duplex Income Property
For Sale
$1,800,000

7421 Terry Street, Fort Smith, AR 72916

MULTI_FAMILY - Fort Smith, AR

Property Size2,500 SF
Lot Size0.34 Acres
Price / SF$720
Days on Market8

Property Features for 7421 Terry Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Parking features Assigned
Exterior features GravelDriveway
Appliances ElectricWaterHeater
Subdivision The Fuge Residential
Lot features Central Business District, Cleared, City Lot, Level, Subdivision, 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 0.34 Acres

Taxes and HOA fees

Tax Description PT LT 2A
Tax Annual Amount 1748
Legal Description PT LT 2A

Utilities

Heating system Ductless (Heating)
Cooling system 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
Building materials AluminumSiding
Roof type Shingle, Asphalt
Listing Agency: The Heritage Group Real Estate Co.
Listed By: Chris Hacker · License #SA00094417
Added: Jul 24 Changed: Jul 27 Last Checked: Jul 31 at 2:06PM
MLS# 1356834

Copyright © 2026 ArkansasONE MLS. 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.

This property consists of three duplexes totaling six residential units. 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. The units have been recently remodeled with updated finishes.

The property is located at 7421 Terry Street in Fort Smith, Arkansas, in the Chaffee Crossing area. It offers convenient access to I-49 and shopping and dining, and is just minutes from the Arkansas College of Osteopathic Medicine and other major employers in the Chaffee Crossing development.

The current unit mix includes two units operating as furnished short-term rentals, one unit vacant, and the remaining three units occupied. The property is described as pet-friendly, providing added flexibility for a range of occupancy needs.

Key Highlights

  • Three duplexes (six residential units) in the Chaffee Crossing area of Barling
  • Each unit offers approx. 1,250+/- SF with 3 bedrooms and 2 bathrooms
  • Units include a fully equipped kitchen and in‑unit washer and dryer

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
83.3%
Occupancy
Yes
Highway 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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Three duplexes totaling six units, recently remodeled with in-unit washer and dryer across each unit.
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 (six residential units) in the Chaffee Crossing area of Barling; Each unit offers approx. 1,250+/- SF with 3 bedrooms and 2 bathrooms; Units include a fully equipped kitchen and in‑unit washer and dryer
More about this property
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