Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Centerton Multi-Family Home with Income Title is generated by Realmo AI

    392 N Main Street, Centerton, AR 72719

    View on Map
    Claim this Listing
    For Sale
    $400,000

    MULTI_FAMILY - Centerton, AR

    Property size:
    3,663 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $109/SF
    Added:
    Feb 21, 2025
    Days on Market:
    468
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 392 N Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Carport
    Window features
    Blinds
    Patio and Porch features
    Deck
    Interior features
    Attic, CeilingFans, EatInKitchen, Storage, TileCountertop, TileCounters, WalkInClosets, WindowTreatments, InLawFloorplan, MultipleLivingAreas
    Exterior features
    ConcreteDriveway
    Fireplace
    1
    Appliances
    ElectricRange, ElectricWaterHeater, RangeHood, SmoothCooktop
    Standard status
    Active
    APN
    06-00095-000
    Size
    3,663 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Description
    PLAT 1/10/1900 B-81
    Tax Annual Amount
    2193

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Electric (Heating), Central
    Cooling system
    Central Air, Window Unit(s), Electric
    Water source
    Public

    Building Details

    Year built
    2005
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Simulatedwood, Wood, Tile, Laminate, Vinyl, Carpet
    Building materials
    Frame
    Roof type
    Metal, Asphalt, Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Sally Swick
    Sally Swick

    Listing agent Sally Swick License #EB00088306

    Listing office Lindsey & Assoc Inc Branch 3801 W Walnut, AR

    Listing date Feb 21, 2025

    MLS# 1299312 Listing URL

    Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Attached in‑law apartment with private entrance, kitchen, living room, laundry, 2 bedrooms and 2 baths, offering income potential or multi‑generational living
    • Located in the desirable Bentonville School District
    • Main residence features 5 bedrooms, 4 baths, and 3 living spaces, including an open‑concept kitchen, dining, and living room with a gas fireplace
    • Primary suite on the lower level with walk‑out access to a covered deck that wraps around the home
    • Upper level includes an additional living room, 2 bedrooms, a bathroom, and a bonus room suitable for a home office or gym
    • Entire property is fenced

    Overview

    This property features a five-bedroom, four-bath home with three living spaces, located in the Bentonville School district. The main residence includes an open-concept kitchen, dining, and living room area with a gas fireplace, along with a primary suite on the lower level. A covered deck wraps around the home and is accessible from the primary bedroom. The upper level offers an additional living room, two bedrooms, a bathroom, and a bonus room suitable for a home office or gym. The attached in-law unit, which can be accessed privately or directly from the main home, includes two bedrooms and two baths. This apartment features its own kitchen, living room, laundry room, primary bedroom with ensuite, a second bedroom, and a full bath. The entire property is fenced and situated on a 0.21-acre lot. The apartment is currently rented on a month-to-month basis and can be vacated before closing. The property, totaling 3,663 square feet, can be easily rezoned for commercial use.

    Local 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 $50.5k $13.80
    − Vacancy −$2.8k −$0.76
    EGI $47.8k $13.04
    − OpEx −$14.3k −$3.91
    NOI $33.4k $9.13
    3,663 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $477.6K
    $417.9K – $557.3K (±1% cap)
    NOI $33,435 @ 7.0% cap · market cap 8.36%
    Second Best
    Apartment 5plus
    $426.2K
    $372.9K – $497.2K (±1% cap)
    NOI $29,833 @ 7.0% cap · market cap 7.46%
    Theoretical Best
    Office A
    $1.01M
    $880.8K – $1.17M (±1% cap)
    NOI $70,463 @ 7.0% cap · market cap 17.62%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Centerton
    County
    Benton
    State
    Arkansas
    Longitude
    -94.284385
    Latitude
    36.361927

    Nearby Similar for Sale

    • $1,734,480
      7,982 SF

      New Construction Townhomes in Centerton

      New 5-unit multifamily property with strong rental appeal.
      1951-1991 Lapis Avenue, Centerton, AR 72719
      View Details
    • $529,000
      2,596 SF

      Well-Maintained Duplex in Centerton, AR

      Duplex near Highway 102, offering income potential and convenient amenities.
      100/102 Foxglove, Centerton, AR 72719
      View Details
    • $499,000
      2,545 SF

      Centerton Duplex Investment Opportunity

      Fully leased duplex in rapidly growing Centerton market.
      929-931 Kensington Drive, Centerton, AR 72719
      View Details
    • $499,000
      2,595 SF

      Centerton Duplex: Investment or Owner-Occupancy

      Versatile duplex with strong rental appeal and owner-occupant flexibility.
      912-914 Oakwood Lane, Centerton, AR 72719
      View Details
    • $1,734,480
      7,982 SF

      Contemporary 5-Unit Townhome Community

      New construction multifamily with covered patios and private backyards designed for strong long-term rental appeal.
      450-490 Onyx Road, Centerton, AR 72719
      View Details
    • $1,734,480
      7,982 SF

      New Construction Townhomes in Centerton

      New 5-unit multifamily property with strong rental appeal.
      451-491 Jasper Road, Centerton, AR 72719
      View Details
    • $1,734,480
      7,982 SF

      New Construction Townhome Multifamily Property

      New construction 5-unit multifamily property with strong rental appeal.
      400-440 Jasper Road, Centerton, AR 72719
      View Details
    • $499,950
      2,992 SF

      Centerton Duplex: Investment Opportunity

      2017-built duplex in growing Centerton, AR with strong rental appeal.
      860 & 862 Oakwood Court, Centerton, AR 72719
      View Details
    • $1,734,480
      7,982 SF

      New Construction Townhome Investment Opportunity

      New 5-unit multifamily property in Centerton, AR, for sale.
      450-490 Jasper Road, Centerton, AR 72719
      View Details
    • $580,000
      2,683 SF

      Centerton Duplex: Investment Opportunity

      Newer duplex near Bentonville, AR. Great investment potential.
      1570 & 1572 Sandpiper Street, Centerton, AR 72719
      View Details
    • $400,000
      3,663 SF

      Centerton Retail/Office Development Opportunity

      Prime location for retail or office development in Centerton.
      392 N Main Street, Centerton, AR 72719
      View Details
    • $496,000
      2,920 SF

      Centerton Multifamily Investment Opportunity

      Multifamily property near Walmart campus, ideal for investment portfolio.
      228 and 230 Copper Oaks Drive, Centerton, AR 72719
      View Details

    FAQs

    What type of property is this?
    Duplex - Five-bedroom home with attached two-bedroom in-law suite.
    Where is this duplex located?
    The property is located at 392 N Main Street Centerton, AR.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Attached in‑law apartment with private entrance, kitchen, living room, laundry, 2 bedrooms and 2 baths, offering income potential or multi‑generational living; Located in the desirable Bentonville School District; Main residence features 5 bedrooms, 4 baths, and 3 living spaces, including an open‑concept kitchen, dining, and living room with a gas fireplace
    (479) 986-4311
    We can help!
    Listing Contact
    Sally Swick
    Sally Swick
    Real Estate License ID: EB00088306
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    392 N Main Street, Centerton, AR 72719
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!