7406 Ellis St Barling, AR 72923
Estimated payment $1,640/month
Highlights
- Home to be built
- Level Lot
- 1-Story Property
- Westwood Elementary School Rated A
- Vinyl Flooring
About This Home
7406 Ellis Street offers a rare investor opportunity in the heart of Chaffee Crossing. Originally part of historic Fort Chaffee, this former military barracks/office building is approved for conversion into three modern townhome-style residences and is being sold AS-IS for an investor or developer to purchase and complete.
All permitting and architectural plans have been approved by the City of Fort Smith and will convey with the sale. Plans include elevated individual front porches with stair access, white exterior siding, black roofing, dedicated parking, composite decking, open living areas, kitchens with islands, updated baths, LVT flooring, and three separate residential units.
Early estimates suggest approximately $150,000+/- may be needed for completion, subject to buyer verification. Contractor completion may be available at an additional cost.
Projected short-term rental income of approximately $1,750 per unit could create strong cash flow potential and provide an attractive return on investment.
Fort Chaffee carries a deep Arkansas legacy, from its military training roots to the famous Chaffee Barbershop where Elvis received his Army haircut. Today, Chaffee Crossing is being reimagined into one of Fort Smith’s most dynamic growth corridors, with ACHE, Heritage, Fort Smith Brewing, Conex Bar, trails, medical, manufacturing, industry, and new residential development creating momentum all around it.
More than a renovation project, this is a chance to revive a piece of local history and turn it into income-producing housing in a district built for the future. Bring your vision, finish the project, and be part of the next chapter of Chaffee Crossing.
Listing Agent
O'Neal Real Estate- Fort Smith License #SA00079289 Listed on: 05/10/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 52x165
- Level Lot
Home Design
- Triplex
- Home to be built
- Fixer Upper
- Slab Foundation
- Shingle Roof
- Asphalt Roof
- Steel Beams
Interior Spaces
- 2,841 Sq Ft Home
- 1-Story Property
- Vinyl Flooring
Parking
- Parking Available
- Parking Lot
Community Details
- 3 Units
- Fort Chaffee Barracks Ph I, Ii, & Iii Subdivision
- The community has rules related to covenants, conditions, and restrictions
Listing and Financial Details
- Exclusions: Minerals
- Legal Lot and Block 27A / 1
- Assessor Parcel Number 1
Map
Home Values in the Area
Average Home Value in this Area
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 | $258 | $4,710 | $1,630 | $3,080 |
| 2023 | $267 | $4,710 | $1,630 | $3,080 |
| 2022 | $267 | $4,710 | $1,630 | $3,080 |
| 2021 | $267 | $4,710 | $1,630 | $3,080 |
| 2020 | $267 | $4,710 | $1,630 | $3,080 |
| 2019 | $464 | $8,190 | $1,630 | $6,560 |
| 2018 | $464 | $8,190 | $1,630 | $6,560 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/10/2026 05/10/26 | For Sale | $299,000 | -- | $105 / Sq Ft |
Source: Western River Valley Board of REALTORS®
MLS Number: 1088979
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Ask me questions while you tour the home.