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.

© 2026 Western River Valley Board of Realtors® (WRVBOR). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of WRVBOR. Real estate listings held by IDX Brokerage firms other than O'NEAL Real Estate LLC are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: Tuesday, May 12th, 2026 at 07:22:32 AM.
Data services provided by IDX Broker