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Tara Limbird

Principal Broker | Operator | Limbird Real Estate Group | PLACE

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96 School St , Charleston, AR 72933
$2,195,000
Est. Payment: $11,315.94/mo
0 Bed
0 Bath
11000 Sqft
Status: Active | Days on site: 2
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F3630 - F5221T
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Tara Limbird
Principal Broker | Operator

House Description

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 $1,295 per unit. Expansion Potential: The sale includes 2 build-ready lots that the developer will start building 1,000/sqft cottages on in 2027 plus a third lot capable of housing an additional 4 units. 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.

Highlights

Listed by Ibison Realtors & Co. , 479-926-6363 Keller Williams Platinum Realty , 479-434-3000. Fort Smith Board of Realtors

Property Type

Residential

Lot/Acreage
1.39

Year Built

2021

County

Franklin

Neighborhood

Maplewood

School District

Charleston

Listing ID

1091576

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Appliances:Dryer, Dishwasher, Electric Water Heater, Microwave Hood Fan, Microwave, Range, Refrigerator, Washer
Air Cond:Central Air
Fireplaces:
Floor:Vinyl
Other:
  • Additional:Ceiling Fan(s), Eat-in Kitchen, Granite Counters

Exterior Features

Lot:Central Business District,Cul-De-Sac,City Lot,Level
Lot Dimensions:Irregular
Zoning:Residential
Roof:Architectural,Shingle
Others:
  • Additional:Concrete Driveway
Parking Features:Parking Lot
Principal Interest
$11,316
Taxes
$515

Home Price

$2,195,000

Loan Details

30 yrs
6.687%

Down Payment

20%
$439,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$11,315.94

Principal

Taxes

Principal Taxes HOA Total
Monthly $11,315.94 $515.17 $0.00 $11,831.11
Yearly $135,791.32 $6,182.00 $0.00 $141,973.32
Total $4,073,739.52 $185,460.00 $0.00 $4,259,199.52

Today's Rates

30 Year

6.69%

20 Year

6.61%

15 Year

6%

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Market insight data is pulled from the same city as the listing being viewed (Charleston, AR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Fort Smith Board of Realtors and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-09-04T20:32:53.000Z

© 2026 Fort Smith Board of Realtors