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For sale
  • Price cut: $195K (10/14)
    $1,999,999

    96 N School St, Charleston, AR 72933

    --beds
    --baths
    11,000sqft
    : 
    $12,444/mo
    Get pre-qualified
    Multi Family
    Built in 2021
    -- sqft lot
    $-- Zestimate®
    $182/sqft
    $-- HOA

    What's special

    Spacious layoutsMeticulously maintained units
    Rarely does a multi-family package of this caliber and consistency become available in the River Valley. This high-performing portfolio in Charleston, AR, features 11 meticulously maintained units across four duplexes and one triplex. Every unit in the portfolio commands a strong market rent of $1,295/month, providing a stable Gross Annual Income of $170,940 The Assets: 4 Duplexes (8 - 1,000 sq/ft Units): Modern construction built in 2021, spacious layouts, and high tenant retention. 1 Triplex (3- 1,000/sq/fr Units): Centrally located and upon completion (2026) are expected to fill immediately at $1,395 per unit. Expansion Potential: The sale includes 2 build-ready lots that the developer will start building (2) 1,000/sqft cottages on in 2027 plus a third lot capable of housing an additional 4 units (2 duplexes). This allows the savvy investor to scale the portfolio immediately using existing infrastructure. This is a turnkey operation from day one. The owner currently provides water and high-speed internet, a strategy that has secured a 100% occupancy rate and a waitlist of prospective tenants. Charleston’s growing demand for quality housing and its top-tier school district make this a "legacy" asset for any portfolio. Whether you are looking for stable cash flow or a strategic "buy and build" project, this package offers the best of both worlds. Financials and rent rolls are available upon request to qualified buyers. Owner finance available. Builder will complete the planned turn key additional units at a cost of $140/ft.
    50 days
    55
    0

    Zillow last checked:

    Listing updated:

    Listed by:

    Ibison Realtors & Co. 479-926-6363,

    Keller Williams Platinum Realty 479-434-3000

    Source: Western River Valley BOR,MLS#: 1091576Originating MLS: Fort Smith Board of Realtors

      Facts & features

      Interior

      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Dryer, Dishwasher, Electric Water Heater, Microwave Hood Fan, Microwave, Range, Refrigerator, Washer
      • Laundry: Electric Dryer Hookup, Washer Hookup, Dryer Hookup
      Features
      • Ceiling Fan(s), Eat-in Kitchen, Granite Counters
      • Flooring: Vinyl
      • Windows: Vinyl, Blinds
      Interior area
      • Total interior livable area: 11,000 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Parking Lot
      Features
      • Levels: One,Two
      • Stories: 1
      • Patio & porch: Patio
      • Exterior features: Concrete Driveway
      • Fencing: None
      Lot
      • Size: 1.39 Acres
      • Features: Central Business District, Cul-De-Sac, City Lot, Level
      Details
      • Additional parcels included: 008005460033 thru 00800546039 and 00800553001
      • Parcel number: 00800546032
      • Zoning description: Residential
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick, Vinyl Siding
      • Foundation: Slab
      • Roof: Architectural,Shingle
      Condition
      • Year built: 2021

      Community & HOA

      Community
      • Features: Near Schools, Shopping
      • Security: Smoke Detector(s)
      • Subdivision: Maplewood
      Location
      • Region: Charleston

      Financial & listing details

      • Price per square foot: $182/sqft
      • Tax assessed value: $12,500
      • Annual tax amount: $6,182
      • Date on market: 9/4/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,222/mo

        Price history

        DateEventPrice
        10/14/2026Price change$1,999,999-8.9%$182/sqft
        Source: Western River Valley BOR #1091576 Report a problem
        9/4/2026Listed for sale$2,195,000$200/sqft
        Source: Western River Valley BOR #1091576 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$130 +100%$2,500 +100%
        2024$65 -50%$1,250
        2023$130 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 72933

        Getting around

        47 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Charleston
        • Middle: Charleston
        • High: Charleston
        • District: Charleston

        Source: Western River Valley BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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