Three-Unit Income
For Sale
$235,000
2114 keathley Drive, Conway, AR 72034
MULTI_FAMILY - Conway, AR
Property Size2,208 SF
Lot Size0.43 Acres
Price / SF$106.43
Days on Market52
Property Features for 2114 keathley Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
Built-In Stove, Microwave, Built-In Stove, Microwave
Subdivision
Not in List
Lot features
Level
Directions
Head north on I-40, take Exit 127 toward Conway, go north on Harkrider St, turn left on Dave Ward Dr, turn right on Keathley Dr. Property is on the right.
Standard status
Active
Size
2,208 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Description
LOT 1 KEATHLEY ESTATES
Tax Annual Amount
2174
Legal Description
LOT 1 KEATHLEY ESTATES
Building Details
Year built
1971
Floors in Building
1
Number of units
3
Flooring type
Vinyl
Roof type
Metal
Architectural style
Other
Listing Agency:
Brick Real Estate
(501) 497-3822
Listed By:
Bryce Richardson · License #000086881
(870) 530-7262
Added: Jun 10
Last Checked: Jul 31 at 3:06AM
MLS# 26023254
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit income property is configured as a triplex with each unit offering 2 bedrooms and 1 bathroom. The property totals 2,208 square feet and sits on a 0.43-acre lot. Public remarks indicate each unit is currently occupied and generates $750 per month.
The asset is located at 2114 Keathley Drive in Conway, within Faulkner County, Arkansas (72034). The offering is positioned as a straightforward multifamily option with all units occupied.
For investors seeking a manageable residential income profile, the fully occupied status and consistent unit mix (2 bed/1 bath) may simplify underwriting and operations. Each unit is reported at 736 square feet, supporting a relatively uniform tenant experience across the property.
The asset is located at 2114 Keathley Drive in Conway, within Faulkner County, Arkansas (72034). The offering is positioned as a straightforward multifamily option with all units occupied.
For investors seeking a manageable residential income profile, the fully occupied status and consistent unit mix (2 bed/1 bath) may simplify underwriting and operations. Each unit is reported at 736 square feet, supporting a relatively uniform tenant experience across the property.
Key Highlights
- 3‑unit multifamily in Conway; all 3 units currently occupied
- Total gross income $2,250/month ($750/month per unit)
- Each unit offers 2 bed / 1 bath layout
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $10.20 |
| − Vacancy | −$1.3k | −$0.59 |
| EGI | $21.2k | $9.61 |
| − OpEx | −$6.4k | −$2.88 |
| NOI | $14.9k | $6.73 |
2,208 SF · lease $10.20/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$212.2K
$185.7K – $247.5K
NOI $14,852 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$189.6K
$165.9K – $221.2K
NOI $13,273 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$503.6K
$440.7K – $587.6K
NOI $35,253 @ 7.0% cap · market cap 15.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Explore this area
Business Placement
Demographics for 72034, AR
47,873
Population
22,523
Households
2.1
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
47.9 sq mi
ZIP Area
999
Density / Sq Mi
$61,675
Median Household Income
$40,511
Median Earnings
$993
Median Rent
$250,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-unit residential income property with 2 bed, 1 bath layouts in Conway, Arkansas.
Where is this triplex located?
The property is located at 2114 keathley Drive Conway, AR.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 3‑unit multifamily in Conway; all 3 units currently occupied; Total gross income $2,250/month ($750/month per unit); Each unit offers 2 bed / 1 bath layout
