$249,900
$20K PRICE DROP

500 S 20th St Fort Smith, AR 72901

Estimated payment $1,477/month

Total Views 7,352
-- Bed
-- Bath
3,225 Sq Ft
$77 Price per Sq Ft

Highlights

  • Corner Lot
  • Central Heating and Cooling System
  • Carpet
  • Brick or Stone Mason
  • Brick Driveway
  • 1-Story Property

About This Home

Dual income potential with this recently updated commercial space (1872 sf) With a potential rent of $1500. AND a 1 bed/1bath Duplex (1353 sf) Rents $400/450 on the same lot. Commercial building Zoned C-2 is ready for occupancy with fresh paint and flooring throughout (office,retail,medical,restaurant) and includes a large open reception area, front office, three private office spaces and a kitchen/break/conference room. Both buildings have brand new roofs and low maintenance brick. All 3 units are rented.

Listing Agent

Charlene Wade

Sudar Group - Ft. Smith License #EB00089891 Listed on: 12/10/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,120

Year Built

  • Built in 1940

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Corner Lot

Home Design

  • Duplex
  • Brick or Stone Mason
  • Slab Foundation
  • Built-Up Roof
  • Metal Roof

Interior Spaces

  • 3,225 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector
  • Electric Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Parking

  • Brick Driveway
  • On-Street Parking
  • Parking Lot

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater
  • Fiber Optics Available
  • Phone Available
  • Cable TV Available

Community Details

  • 3 Units
  • Gross Income $10,200

Listing and Financial Details

  • Legal Lot and Block 12 / EE
  • Assessor Parcel Number 12763-0012-00305-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,120

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Reso Property Sub Type: Duplex
  • Prop. Type: Residential
  • ResoLaundryFeatures: Electric Dryer Hookup
  • ResoLotFeatures: Corner Lot
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Mls Id: O23012
  • ResoSpecialListingConditions: None
  • Directions: Corner of D and 20th Just off Rogers Ave.
  • Carport Y N: No
  • Reso Flooring: Carpet, Vinyl
  • Garage Yn: No
  • Unit Levels: One
  • Reso Roof: Built-Up, Metal
  • Year Built Details: 25 Years or older
  • Year Built: 1940
  • Property Sub Type Additional: Duplex,Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Appliances: Electric Water Heater
  • Basement YN: No
  • Stories: 1

Exterior Features

  • Fencing: None
  • Acres: 0.1607
  • Construction Type: Brick
  • Exterior Features: Brick Driveway
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Other, Parking Lot, On Street

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • HeatingYN: Yes
  • Utilities: Cable Available, Electricity Available, Fiber Optic Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Schools

  • Junior High Dist: Fort Smith

Lot Info

  • Lot Dimensions: 50x140
  • ResoLotSizeUnits: Acres
  • Parcel #: 12763-0012-00305-00

Multi Family

  • Number Of Units In Community: 3
  • Annual Gross Income: 10200.0

Tax Info

  • Tax Annual Amount: 1120.0
  • Tax Block: EE
  • Tax Lot: 12

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,013 $19,290 $1,050 $18,240
2023 $1,120 $19,290 $1,050 $18,240
2022 $1,120 $19,290 $1,050 $18,240
2021 $1,120 $19,290 $1,050 $18,240
2020 $1,120 $19,290 $1,050 $18,240
2019 $1,329 $22,890 $1,050 $21,840
2018 $1,329 $22,890 $1,050 $21,840
2017 $1,202 $22,890 $1,050 $21,840
2016 $1,202 $22,890 $1,050 $21,840
2015 $1,202 $22,890 $1,050 $21,840
2014 $1,465 $27,910 $3,990 $23,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 For Sale $249,000 -0.4% $77 / Sq Ft
04/03/2025 04/03/25 Price Changed $249,900 -7.4% $77 / Sq Ft
12/10/2024 12/10/24 For Sale $269,900 -- $84 / Sq Ft
Source: Western River Valley Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $240,000 None Listed On Document
Trustee Deed -- None Available
Warranty Deed $150,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $216,000 New Conventional
Previous Owner $135,000 Seller Take Back
Source: Public Records

Source: Western River Valley Board of REALTORS®

MLS Number: 1077824

APN: 12763-0012-00305-00