4515 Kinkead Avenue, Fort Smith, AR 72903
Local realty services provided by:CENTURY 21 First Choice Realty
Listed by: lindsey cotton
Office: harmon real estate company
MLS#:1092220
Source:AR_FSBOR
Price summary
- Price:$1,325,000
- Price per sq. ft.:$105.33
About this home
Kinkead Court is an 18-unit, two-building brick community on the Kinkead Avenue corridor in central Fort Smith, one mile from the University of Arkansas–Fort Smith and four-tenths of a mile from Kinkead Corner, which traded in December 2025. The unit mix is four studios (600 SF), eight one-bedrooms (750 SF) and six two-bedrooms (933 SF) — 14,000 rentable square feet on 0.49 acres, zoned RM-3.
Current ownership acquired the property in December 2024 and has completed a full operating reset: new A/C units in 17 of the 18 apartments, a complete exterior repaint of siding, trim, soffits, stairways and railings, new privacy fencing on the 45th Street side and the street frontage, locking mailboxes, upgraded exterior lighting, enclosed under-stair areas, two full unit renovations with targeted kitchen and bath upgrades in two more, plumbing repairs, tree work and landscaping — and a renewal program that has moved rents roughly 32%. The property was 100% occupied at August month-end with a utility bill-back already in place; two units turned in September and are rent-ready.
What remains is loss-to-lease, not construction. In-place rents on the occupied units sit $800 per month below their market rents, so the buyer’s upside is captured on renewal with no capital required. Stabilized pro forma NOI of approximately $79,000 is a 6.0% cap rate at the list price....
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Home facts
- Year built:1976
- Subdivision & Development:GRAND AVENUE
- Listing ID #:1092220
- Added:1 day(s) ago
- Updated:October 03, 2026 at 02:36 AM
Rooms and interior
- Flooring:Carpet, Vinyl
- Living area:12,580 sq. ft.
Heating and cooling
- Cooling:Window Units
- Heating:Central, Electric, Gas
Structure and exterior
- Year built:1976
- Building area:12,580 sq. ft.
- Lot area:0.5 Acres
- Lot Features:Level
- Construction Materials:Brick
- Levels:2 Story
Schools
- High school:Northside
- Middle school:Darby
- Elementary school:Albert Pike
Finances and disclosures
- Price:$1,325,000
- Price per sq. ft.:$105.33
- Tax amount:$4,544
Features and amenities
- Appliances:Electric Water Heater, Gas Water Heater
- Amenities:Smoke Detectors
Parking
- Parking description:Parking Lot
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