5717 Park Avenue Fort Smith, AR $ 17,750,000
5717 Park Avenue
$ 17,750,000
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5717 Park Avenue

Fort Smith, AR, 72903
$ 17,750,000
Baths0.0 Sq 96,720

Monthly Estimate*

$ 109,290

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Studio

Multi-Family Home for sale in Fort Smith, AR

for $17,750,000. This 96,720 square foot home was built in 2020 on a lot size of 5.06.

University Park Place is a 48-unit, purpose-built student housing community strategically located within a 5-minute walk to the University of Arkansas–Fort Smith campus. Fully furnished 4-bedroom, 4-bathroom townhomes with individual, by-the-bed leasing, catering directly to student renters. Each unit offers modern, highly desirable amenities including private bedrooms and bathrooms, stainless steel appliances, wood-style flooring, in-unit washer and dryer sets (two per unit), walk-in closets, and fully furnished living spaces with large-screen TVs. Community features are outdoor grilling areas, fire pit pergolas, pet-friendly spaces, and planned resident events, enhancing tenant retention and lifestyle appeal. The asset is positioned as one of the most affordable off-campus housing options in the market while maintaining strong unit quality and competitive amenities.University Park Place presents investors with a compelling opportunity to acquire a stabilized, income-producing student housing asset with a proven leasing model, consistent demand drivers, and additional upside through rent growth, operational efficiencies.

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Multi-Family Active

Price

$ 17,750,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 63,864

Style

Lot Size

5.06

Year Built

2020

Town/City

Fort Smith

County/Region

Sebastian

MLS | Web ID

1088155

Features
General
Heating Central
Cooling Central Air
Roof Metal
Appliances Some Electric Appliances Dryer Dishwasher Electric Water Heater Disposal Microwave Oven Range Refrigerator Washer
Patio/Porch Features Porch
Architectural Style Contemporary
Security Features Fire Alarm Smoke Detector(s)
Construction Materials Brick Cedar Frame Metal Siding
Year Built 2020
Stories Count 2
Levels Two
Property Subtype Duplex
Gross Income 1635840
Community Features Curbs Near Fire Station Near Hospital Near Schools Park Shopping Sidewalks
County Sebastian
Property Type Residential
HOA false
Subdivision Name University Park Place
Garage Y/N false
Special Listing Conditions None
Status Active
Directions From the intersection of I-540 and Grand Ave go west on Grand 0.4 miles; turn left on Waldron Ave and go south 0.5 miles; turn left on Park Ave and go 0.2 miles – the property is on the left.
City Fort Smith
High School District Fort Smith
Zoning Description Multi Family
Number Of Units Total 1
Lot Size Units Acres
Carport Y/N false
Year Built Details 6-10 Years
Tax Annual Amount 63864
Virtual Tour https://www.propertypanorama.com/5717-Park-Avenue-Fort-Smith-AR-72903--1088155/unbranded
Standard Status Active
Middle/Junior School District Fort Smith
Elementary School District Fort Smith
Year Built Source Builder
Tax Lot 1
Property Sub Type Additional Duplex Multi Family
Legal Description LOT 1
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Interior
Flooring Carpet Vinyl
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds
Laundry Features Electric Dryer Hookup Gas Dryer Hookup
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Exterior
Exterior Amenities Concrete Driveway
Fencing Partial
Parking Features Parking Lot
Lot Features Central Business District Cleared Cul-De-Sac City Lot Industrial Park Landscaped Level Near Park Subdivision
Lot Size Area 5.06
Foundation Details Slab
Lot Dimensions 584’x387’x 584’x391'
Lot Size Acres 5.06
Covered Spaces 0
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Keller Williams Platinum Realty

Broker

cherylgarner@kw.com

Email

Affordability Calculator

$114,612
Per Month
95%
5%
0%
Monthly Principal & Interest
$109,290
Monthly Property Taxes
$5,322
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2624046 Elementary School
2624092 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/4/2026$17,750,000 Listed Price

Map


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5717 Park Avenue, Fort Smith, AR, 72903 is a Multi-Family Home for sale at $17,750,000 with 96,720 sqft and a lot size of 5.06. 5717 Park Avenue is a studio with 0.0 baths and was built in 2020. The property's zip code is 72903 which is in Fort Smith, AR