Excellent investment opportunity, competitively priced, featuring 8 units with 2 bedroom, 1 bath. Strong occupancy history and consistent performance. All units are currently leased, offering immediate income with high tenant retention and a low turnover rate.
One building received a new roof in 2025, and most units have been upgraded with updated central HVAC systems or energy-efficient mini-split units, helping reduce maintenance concerns and improve operating efficiency.
Each apartment is individually metered for electric, gas, and water, with tenants responsible for their own utilities—minimizing owner expenses and simplifying management.
Ideally located near a laundromat, restaurants, UFAS college, and local schools, this property benefits from steady rental demand and convenient access to everyday amenities. With current rents below market in several units, there is clear potential to increase rental income and increase cash flow!
Sold for $360,000
$360,000
3401 N L St, Fort Smith, AR 72904
2beds
1baths
5,325sqft
Multi Family, Apartment
Built in ----
-- sqft lot
$365,600 Zestimate®
$68/sqft
$831 Estimated rent
Home value
$365,600
$318,000 - $420,000
$831/mo
Zestimate® history
Owner options
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$831/mo
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$831/mo
Rent Zestimate®
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$1,696/mo
Est. payment
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$1,696/mo
Est. payment
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List your homeWhat's special
Energy-efficient mini-split unitsUpdated central hvac systems
Zillow last checked:
Listing updated:
Listed by:
Sara Burks 479-208-8315,
Keller Williams Platinum Realty
Bought with:
Jessica Ramos, SA00098727
Keller Williams Platinum Realty
Source: Western River Valley BOR,MLS#: 1087234Originating MLS: Fort Smith Board of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Central
Cooling
- Central Air, Electric, Window Unit(s)
Appliances
- Included: Gas Water Heater, Oven, Range, Refrigerator
- Laundry: None
Features
- Flooring: Ceramic Tile, Vinyl
- Basement: None
Interior area
- Total interior livable area: 5,325 sqft
Property
Parking
- Parking features: Parking Lot
Features
- Levels: One
- Stories: 1
- Exterior features: Gravel Driveway
- Fencing: None
Lot
- Size: 0.43 Acres
- Dimensions: 0.43 AC
- Features: Corner Lot, City Lot, Subdivision
Details
- Parcel number: 1318800020000000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick
- Foundation: Slab
- Roof: Architectural,Shingle
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Grace
Location
- Region: Fort Smith
Financial & listing details
- Price per square foot: $68/sqft
- Annual tax amount: $2,144
- Date on market: 2/22/2026
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Sold | $360,000-15.3%$68/sqft |
Source: Western River Valley BOR #1087234 Report a problem | ||
| 3/5/2026 | Pending sale | $425,000$80/sqft |
Source: Western River Valley BOR #1087234 Report a problem | ||
| 2/22/2026 | Listed for sale | $425,000$80/sqft |
Source: Western River Valley BOR #1087234 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 72904
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Nearby schools
GreatSchools rating
- 5/10Sunnymede Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 4/10William O. Darby Jr. High SchoolGrades: 6-8Distance: 1 mi
- 4/10Northside High SchoolGrades: 9-12Distance: 1 mi
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$365,600
2% more
+$7,312
With Zillow Showcase(estimated)
$372,912
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$365,600
2% more
+$7,312
With Zillow Showcase(estimated)
$372,912
- Arkansas
- Sebastian County
- Fort Smith
- 72904
- 3401 N L St
