Fort Smith, AR Multifamily Properties for Sale

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Updated: May 4

24-Unit Garden-Style Apartment Buildings

2401 S 50th ST, Fort Smith, AR 72903

$2,100,000

30,696 sqft 1.82 AC lot

1.82‑acre lot with a total of 30,696 SF
24 units across six four‑unit buildings
12 two‑story townhome‑style units: 2BR/1.5BA
12 single‑level apartment units: 2BR/1BA
Individual exterior entrances for every unit

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2401 S 50th ST, Fort Smith, AR 72903

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Est. Cap Rate

8.7%
Above avg (5.9%)
Est. NOI

$182K
Annual
Price @ 7% Cap

$2.6M
Above asking

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Updated: Aug 25

Partially Renovated Apartment Buildings

901 N 13th ST, Fort Smith, AR 72901

$150,000

6,039 sqft 0.32 AC lot

Two apartment buildings totaling 6,039 square feet
0.32‑acre corner lot in Fort Smith, AR
Original configuration included 6 units
New wiring, plumbing, and drywall as part of partial renovation
Vinyl siding and shingle roofs on both buildings

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14-Unit Apartment Building

1805 S Y ST, Fort Smith, AR 72901

$1,025,000

10,144 sqft 0.88 AC lot

Renovated in 2023, this RM-3 14-unit apartment building offers central heating and central air.

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Six-Unit Remodeled Multifamily Property

7421 Terry Street, Fort Smith, AR 72916

$1,250,000

2,500 sqft 0.34 AC lot

Three duplexes provide remodeled three-bedroom residences with flexible furnished rental, leasing, and occupancy options.

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Updated 12-Unit Multifamily Property

2308 Savannah Street, Fort Smith, AR 72903

$699,000

8,308 sqft

Well maintained 12-unit multifamily with updated interiors and an on-site laundry facility.

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8-Unit Apartment Complex

2301 S V ST, Fort Smith, AR 72901

$525,000

6,360 sqft 0.32 AC lot

Updated 8-unit apartment complex with central heat and central air on a 0.32-acre lot.

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Brick Duplex with Garage

4714 30th ST, Fort Smith, AR 72901

$179,500

1,571 sqft 0.23 AC lot

Single-level two-unit property with refreshed flooring, updated kitchen appliances, and central heating and cooling.

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Eight-Unit Apartment Investment

1851 Brazil Avenue, Fort Smith, AR 72908

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8,301 sqft

An 8-unit income property offering six three-bedroom and two two-bedroom apartments for long-term occupancy.

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Two-Building Apartment Property

928 Holly ST, Fort Smith, AR 72908

$475,000

5,016 sqft 0.32 AC lot

Eight vacant units across two buildings offer a defined renovation project on one parcel.

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Four-Unit Multifamily Property

444 & 446 N Albert Pike AVE, Fort Smith, AR 72903

$750,000

6,132 sqft 2.18 AC lot

Two townhome buildings contain fully occupied residences with attached garages and tankless water heaters.

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Two Duplex Income Property

1022 S 20th Street, Fort Smith, AR 72901

$245,000

2,690 sqft

For sale parcel with two duplexes and four occupied one-bedroom, one-bath units.

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Seven Duplexes, New Construction Package

5000-5224 S 33rd, Fort Smith, AR 72903

$1,820,000

12,250 sqft 1.11 AC lot

Seven duplexes in new construction with two-bedroom, one-bath units featuring central HVAC, concrete flooring, and full appliance packages.

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Remodeled Duplex with Two Units

7413 Terry ST Unit #7413 & 7515, Fort Smith, AR 72916

$415,000

2,500 sqft 0.26 AC lot

Updated residences feature private kitchens, in-unit laundry, and assigned parking.

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Mobile Home Community with Expansion Site

1801 Cavanaugh Rd, Fort Smith, AR 72908

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7.00 AC lot

Fort Smith mobile home community with 44 units on a seven-acre site and recent infrastructure upgrades.

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Remodeled Two-Unit Duplex

3014-3016 14th ST, Fort Smith, AR 72901

$164,999

1,680 sqft 0.35 AC lot

Updated interiors, central systems, and outdoor decks support two-bedroom, two-bath living on each side.

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Remodeled Duplex with Furnished Rental

7423 Terry ST Unit #7421 & 7423, Fort Smith, AR 72916

$415,000

2,500 sqft 0.34 AC lot

Two three-bedroom units include equipped kitchens, private laundry, and flexible occupancy options.

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106-Unit Multifamily Apartment Complex

4301 Kinkead Ave, Fort Smith, AR 72903

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Two apartment communities on the same parcel totaling 106 units, with on-site laundry and shared maintenance facilities.

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Remodeled Duplex

7409 Terry ST Unit #7409 & 7411, Fort Smith, AR 72916

$415,000

2,350 sqft 0.33 AC lot

Two residential units offer updated interiors, equipped kitchens, in-unit laundry, and assigned parking.

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Duplex Income Property Package

16 & 18 15th St, Fort Smith, AR 72901

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Two duplexes totaling four units are offered for sale as-is.

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12-Unit Apartment Building

2308 Savannah ST, Fort Smith, AR 72903

$699,000

8,308 sqft 0.50 AC lot

Well-maintained 12-unit building with updated interiors, featuring 7 one-bedrooms, 5 two-bedrooms, and an on-site laundry facility.

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Two-Unit Renovated Duplex with Furnished Units

5017 S 28th ST, Fort Smith, AR 72901

$349,000

2,040 sqft 0.18 AC lot

Renovated two-unit duplex with two furnished two-bedroom, one-bath units and central HVAC.

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48-Unit Student Housing Apartment Building

5717 Park AVE, Fort Smith, AR 72903

$17,750,000

96,720 sqft 5.06 AC lot

Multi family student housing community built in 2020 with central HVAC and fully furnished townhomes featuring in-unit washer and dryer sets.

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Four-Unit Quadplex

7801 Thayer DR, Fort Smith, AR 72908

$169,000

1,500 sqft 0.29 AC lot

Fully occupied rental property with tenants in place and separate one-bedroom, one-bath units.

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Quadplex with Coin-Operated Laundry

2420 S Q ST, Fort Smith, AR 72901

$365,000

4,567 sqft 0.27 AC lot

Four 2-bedroom units include on-site coin-operated washer and dryer and covered rear parking.

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Fort Smith, AR Multifamily Properties Market Trends and Statistics

Explore 60 multifamily properties for sale in Fort Smith, AR, showcased through 48 active listings on our real estate platform. These investment opportunities span a total of 383,088 square feet of properties for sale, with an estimated market value of $54,942,699.

Sale prices for multifamily properties in Fort Smith, AR start at $115,000, averaging $1,248,697, and reaching up to $17,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 94K

Population Growth (5Y) +7.1%

Median Household Income $56,234

College Educated 14.5%

High-Yield Neighborhoods for Investment

Identify Fort Smith submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
72914	$115K
72908	$174K
72904	$241.2K
72901	$326.3K
72916	$1.4M

Taxes & Financing

Tax Rate (average for all types) 5.17%

Property Tax per SF $96.64 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Sebastian County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Sebastian County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Fort Smith fall within the 100,000+ square foot range.

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Fort Smith, AR Multifamily Properties for Sale

2401 S 50th ST, Fort Smith, AR 72903

901 N 13th ST, Fort Smith, AR 72901

1805 S Y ST, Fort Smith, AR 72901

7421 Terry Street, Fort Smith, AR 72916

2308 Savannah Street, Fort Smith, AR 72903

2301 S V ST, Fort Smith, AR 72901

4714 30th ST, Fort Smith, AR 72901

1851 Brazil Avenue, Fort Smith, AR 72908

928 Holly ST, Fort Smith, AR 72908

444 & 446 N Albert Pike AVE, Fort Smith, AR 72903

1022 S 20th Street, Fort Smith, AR 72901

5000-5224 S 33rd, Fort Smith, AR 72903

7413 Terry ST Unit #7413 & 7515, Fort Smith, AR 72916

1801 Cavanaugh Rd, Fort Smith, AR 72908

3014-3016 14th ST, Fort Smith, AR 72901

7423 Terry ST Unit #7421 & 7423, Fort Smith, AR 72916

4301 Kinkead Ave, Fort Smith, AR 72903

7409 Terry ST Unit #7409 & 7411, Fort Smith, AR 72916

16 & 18 15th St, Fort Smith, AR 72901

2308 Savannah ST, Fort Smith, AR 72903

5017 S 28th ST, Fort Smith, AR 72901

5717 Park AVE, Fort Smith, AR 72903

7801 Thayer DR, Fort Smith, AR 72908

2420 S Q ST, Fort Smith, AR 72901

Fort Smith, AR Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Residential Income

Property Size Breakdown

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