Remodeled Duplex with Rental
For Sale
$415,000
7423 Terry Street #7421 & 7423, Fort Smith, AR 72916
Two updated units offer equipped kitchens, in-unit laundry, and flexible occupancy options.
Property Size2,500 SF
Days on Market58
Property Features for 7423 Terry Street #7421 & 7423
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Duplex
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
Building Size
2,500 SF
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 10
Last Checked: Oct 16 at 5:48AM
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 includes two residential units, each with 3 bedrooms and 2 bathrooms. Both units feature fully equipped kitchens and in-unit washer and dryer connections. Recent remodeling added updated interior finishes, and pet-friendly accommodations are available.
One unit is furnished and operating as a short-term rental, while the other is vacant. The current configuration allows for owner occupancy or immediate leasing of the available unit. Located on Terry Street near I-49 and Chaffee Crossing, the property also offers access to shopping, dining, Arkansas College of Osteopathic Medicine, and employers within the surrounding development.
One unit is furnished and operating as a short-term rental, while the other is vacant. The current configuration allows for owner occupancy or immediate leasing of the available unit. Located on Terry Street near I-49 and Chaffee Crossing, the property also offers access to shopping, dining, Arkansas College of Osteopathic Medicine, and employers within the surrounding development.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 bathrooms in each unit
- Recently remodeled interiors with updated finishes
- One furnished unit currently operating as a short‑term rental
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
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 updated units offer equipped kitchens, in-unit laundry, and flexible occupancy options.
Where is this duplex located?
The property is located at 7423 Terry Street #7421 & 7423 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‑unit duplex with 3 bedrooms and 2 bathrooms in each unit; Recently remodeled interiors with updated finishes; One furnished unit currently operating as a short‑term rental
