$364,000

1017 S 22nd St Fort Smith, AR 72901

$4,323
Closing credit¹
3,958 sqft
0.2 acres
$92 / sqft
Multi-Family

Property details

About 1017 S 22nd St

Unlock a lucrative investment opportunity or significantly reduce your housing costs with this well-maintained 4-plex in a highly desirable location! This property offers a unique blend of immediate income potential and future growth possibilities. Key Features: Strategic Location: Situated just half a mile from Baptist hospital, one mile from downtown, shopping centers, and schools, attracting a diverse and reliable tenant base. Turnkey Unit: One unit has been recently renovated with high-end finishes, contemporary furnishings, and modern appliances. This unit is move-in ready, perfect for owner occupancy or immediate premium leasing. Updated Units: Additional units have received updates, ensuring tenant comfort and minimizing future maintenance costs. Solid Rental Income: Three units are currently tenant-occupied with recent lease renewals, providing consistent cash flow from day one. Short-Term Rental Potential: Explore the option to convert remaining units into profitable short-term rentals, maximizing your income potential. Shared Laundry Room: On-site shared laundry room generates additional income and enhances tenant convenience. Investment or Owner-Occupancy: Ideal for investors seeking a strong return or first-time homebuyers looking to offset mortgage costs. Financial Highlights:

Highlights

Home typeQuadruplex
HeatingHeat Pump
StatusActive
CoolingCentral Air, Electric
Size3,958 sqft
Lot size0.241 Acres
Year built1975
ParkingConcrete, Covered, Carport, Detached Carport, Detached
MLS #1079257

Virtual tour

Summary

  • MLS Number: 1079257
  • MLS Name: FortSmith
  • Office Name: KCP Real Estate LLC
  • Office Phone: (479) 242-4001
  • Office Email: keithlau45@gmail.com

Copyright Western River Valley Board of REALTORS® MLS. All rights reserved. Listing information provided in part by the Western River Valley BOR MLS for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. Information is deemed reliable but not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 11:16:02 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

view of front of property with brick siding

$364,000

1017 S 22nd St

$4,323

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jun 29, 2022
Home Sold
$313,500
Mar 09, 2022
Home Sold
$295,000
Apr 16, 2018
Home Sold
$191,000
May 03, 2013
Home Sold
$160,000

Tax history

YearAssessmentProperty Tax
2024$38,290$2,010
2023$38,290$2,010
2022$38,290$2,110
2021$38,290$2,110
2020$38,290$1,934
2018$30,290$1,758
2017$6,380$334

History based on county public records data.

Nearby schools

6

Ballman Elementary School

Public District PK-6

0.6 mi

2601 S Q St

3

Tilles Elementary School

Public District PK-6

1.0 mi

815 N 16th St

5

Albert Pike Elementary School

Public District PK-6

1.3 mi

4111 Park Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $43,125. The most common annual income of people living in Fort Smith, AR is less than $<35k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

45%
<35k
30%
35k-100k
19%
100k-200k
6%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

42%
Single, No Kids
15%
Single, with Kids
29%
Married, No Kids
14%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

18%
<11 yrs old
7%
12-17 yrs old
23%
18-34 yrs old
40%
35-64 yrs old
12%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer
  • College BasketballCollege Basketball

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • BurlingtonBurlington
  • DillardsDillards

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • Church's ChickenChurch's Chicken
  • Logan's RoadhouseLogan's Roadhouse

What do the neighbors drive?

  • ChevroletChevrolet
  • HyundaiHyundai
  • MazdaMazda

What do the neighbors listen to?

  • RockRock
  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 1017 S 22nd St in Fort Smith, AR and zip code 72901. This 3,958 square foot home, which was built in 1975, sits on a 0.24 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since March 6, 2025 and is currently priced at $364,000.

In February 2025, from all listings sold in Fort Smith, AR there were more than 7 sold above asking price, over 27 sold below and more than 20 were sold right at the asked price. The number of listings in Fort Smith, AR increased by 4.2% between January and February 2025. Listings spent 98 days on the market in February 2025, and had a median list price of $208,946 during the same period.

From Rocket Homes Real Estate and based on county public records data.

More resources