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2614 57th Street, Fort Smith, AR 72903

Fort Smith
Local realty services provided by:CENTURY 21 First Choice Realty
2614 57th Street,Fort Smith, AR 72903
$1,050,000
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  • - Beds
  • - Baths
  • 11,882 sq. ft.
  • Multi-family
  • Active
Listed by: joshua harmon
Office: harmon real estate company
MLS#:1088572
Source:AR_FSBOR

Price summary

  • Price:$1,050,000
  • Price per sq. ft.:$88.37

About this home

Southwood Apartments, a 16-unit multifamily community located at 2614 S 57th St in Fort Smith, Arkansas. The property totals 9,169 SF across twelve 1-bed/1-bath and four 2-bed/1-bath units in a single building. The community also features 8 on-site storage units and an on-site laundry room, providing additional tenant amenities and potential ancillary income. The property is 100% occupied. Southwood currently generates $119,346 in trailing 12-month income with a 44.9% expense ratio and a T-12 NOI of $65,762. The property is professionally managed with full AppFolio reporting and has maintained full occupancy throughout the current ownership period. In-place rents range from $450 to $795 per month across the portfolio, with several units leased meaningfully below comparable market rents in the area. Buyers are encouraged to evaluate current market conditions and rent comparables to assess the potential value-add opportunity through lease renewals. The on-site storage units and...

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Home facts

  • Listing ID #:1088572
  • Added:1 day(s) ago
  • Updated:April 25, 2026 at 02:15 PM

Rooms and interior

  • Flooring:Carpet, Vinyl
  • Living area:11,882 sq. ft.

Heating and cooling

  • Cooling:Window Units
  • Heating:Baseboard

Structure and exterior

  • Roof:Architectural, Shingle
  • Building area:11,882 sq. ft.
  • Lot area:0.69 Acres
  • Lot Features:Subdivision
  • Construction Materials:Brick
  • Levels:1 Story, 2 Story

Finances and disclosures

  • Price:$1,050,000
  • Price per sq. ft.:$88.37
  • Tax amount:$6,905

Features and amenities

  • Appliances:Electric Water Heater

Parking

  • Parking description:Parking Lot

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