2801 12th Street

The property consists of two quadruplex buildings on a single parcel, totaling 5,048 SF across eight 1-bed/1-bath units. Both buildings are 100% occupied. The portfolio currently generates $53,682 in trailing 12-month income with a 40.3% expense ratio and a T-12 NOI of $32,042. The property is professionally managed with full AppFolio reporting and has maintained strong occupancy throughout the current ownership period. The owner acquired the property in 2022 for $385,000. The two-building, single-parcel structure offers flexibility — the quadruplex format keeps each building eligible for residential financing, giving a future owner optionality in how they hold or dispose of the asset. Current rents range from $425 to $600 per month across the portfolio, and the buyer is encouraged to evaluate market conditions and rent comparables independently. The property is located in one of Fort Smith's established residential neighborhoods, minutes from Mercy Hospital, the Rogers Avenue retail corridor, and I-540/I-49. Fort Smith is Arkansas's second-largest city with a metro population exceeding 285,000 and an employer base anchored by healthcare, logistics, manufacturing, and defense.