# 5201 Spradling AVE, Fort Smith, AR 72904

> **TL;DR:** multi-family, $3,900,000 ($121/sqft), built 1991, 32,178 sqft.
> A/C. Est. $20,859/mo. Listed 4 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,900,000 |
| Price/sqft | $121 |
| Square Feet | 32,178 |
| Year Built | 1991 |
| Lot Size | 78,408 sqft (1.80 acres) |
| Stories | 2 |
| Property Type | Multi-Family (Apartment) |
| Status | Active |
| Days on Market | 4 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $19,721 |
| Estimated Insurance | $1,138 |
| **Total** | **$20,859** |

## Nearby Schools

- **Elementary:** Spradling
- **Middle:** Kimmons
- **High:** Northside

## Key Amenities

- A/C

## Property Highlights

- Built in 1991
- 1.80 acre lot
- 2 stories

## Description

### Agent Description
A 62-unit brick garden community on Fort Smith's Northside. Built in 1991 across four two-story buildings on 1.80 acres, plus an adjacent parcel acquired by current ownership, the property offers a mix of 24 one-bedroom (600 SF) and 38 two-bedroom (820 SF) units with an on-site leasing office, on-site laundry, playground and resident storage. Current ownership acquired The Hendrix in June 2025 and executed the first phase of a value-add plan: new roofs on all three buildings ($104,500), replacement of rotted decks, a plumbing camera inspection and clean-out program on Building D, exterior painting and rehab, and cleaning and painting of the soffits and rafters - roughly $174,000 of roof, exterior and systems capital - plus eight units renovated to a full-scope specification (new kitchen and bath cabinets and countertops, flooring, tub surrounds, light and sink fixtures, full paint, appliances as needed), the acquisition of the adjacent parcel, and a grounds program that lifted the property's Google rating from 3.7 to 4.0. Operations followed. August 2026 collections of $39,904 were the highest month under current ownership, and trailing-three-month income annualizes 15% above the first three months of the trailing twelve. The next owner steps into a proven playbook with the runway intact. Fifty-four classic units remain to be brought to the renovated specification, where two-bedroom units lease at $780 against $585-$765 on legacy leases, and water, sewer and trash are owner-paid with no utility bill-back in place - a RUBS opportunity worth approximately $32,000 per year. Stabilized pro forma NOI of approximately $307,000 represents a 7.9% cap rate at the list price.

## Location

- **Address:** 5201 Spradling AVE, Fort Smith, AR 72904
- **County:** Sebastian
- **Neighborhood:** STOUGH'S ELECTRIC PARK #2
- **Coordinates:** 35.415171, -94.373005
- **Google Maps:** https://www.google.com/maps?q=35.415171,-94.373005

## Virtual Tour & Media

- **Video Tour:** https://www.propertypanorama.com/5201-Spradling-Avenue-Fort-Smith-AR-72904/unbranded

## Listing Agent

- **Name:** Lindsey Cotton
- **Brokerage:** Harmon Real Estate Company
- **Phone:** 479-719-0344
- **Broker Phone:** 479-719-0344
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/5201-Spradling-Ave_Fort-Smith_AR_72904_M85935-69080?f=listhub&s=FSBORAR&m=1092230&c=propsimple)

## Photos

![5201 Spradling AVE - Photo 1](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f94268304r.jpg)

![5201 Spradling AVE - Photo 2](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f2412510828r.jpg)

![5201 Spradling AVE - Photo 3](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f3170309104r.jpg)

![5201 Spradling AVE - Photo 4](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f2914081815r.jpg)

![5201 Spradling AVE - Photo 5](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f3089739359r.jpg)

![5201 Spradling AVE - Photo 6](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f1643429184r.jpg)

![5201 Spradling AVE - Photo 7](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f1049852392r.jpg)

![5201 Spradling AVE - Photo 8](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f1657602843r.jpg)

![5201 Spradling AVE - Photo 9](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f3760844953r.jpg)

![5201 Spradling AVE - Photo 10](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f2757990960r.jpg)

![5201 Spradling AVE - Photo 11](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f3158090434r.jpg)

![5201 Spradling AVE - Photo 12](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f1859459468r.jpg)

![5201 Spradling AVE - Photo 13](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f660918411r.jpg)

![5201 Spradling AVE - Photo 14](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f3725568857r.jpg)

![5201 Spradling AVE - Photo 15](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f117695760r.jpg)

![5201 Spradling AVE - Photo 16](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f864459165r.jpg)

![5201 Spradling AVE - Photo 17](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f425498374r.jpg)

![5201 Spradling AVE - Photo 18](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f3034338200r.jpg)

![5201 Spradling AVE - Photo 19](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f2570638115r.jpg)

![5201 Spradling AVE - Photo 20](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f438880339r.jpg)

![5201 Spradling AVE - Photo 21](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f4237509494r.jpg)

![5201 Spradling AVE - Photo 22](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f1938514093r.jpg)

![5201 Spradling AVE - Photo 23](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f1833806101r.jpg)

![5201 Spradling AVE - Photo 24](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f2863990684r.jpg)

![5201 Spradling AVE - Photo 25](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f1823316799r.jpg)

![5201 Spradling AVE - Photo 26](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f3917965001r.jpg)

![5201 Spradling AVE - Photo 27](http://lh.rdcpix.com/3093805a61b69ff03e04fc6e68428117l-f2371221472r.jpg)

---

**MLS#:** 1092230 | **Updated:** 2026-10-02
**Source:** listhub

*Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/5201-spradling-ave-fort-smith-ar-72904-1092230)

---

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