Turnkey Duplex with Fenced
For Sale
$499,000
929-931 Kensington Drive, Centerton, AR 72719
MULTI_FAMILY - Other - Centerton, AR
Property Size2,545 SF
Lot Size0.22 Acres
Price / SF$196.07
Days on Market184
Property Features for 929-931 Kensington Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 1, Bathroom 2
Parking features
Carport, Garage, Open
Patio and Porch features
Patio
Exterior features
ConcreteDriveway
Fencing
Privacy, Fenced
Appliances
GasWaterHeater
Subdivision
Copper Oaks Centerton
Lot features
Cleared, City Lot, Landscaped, Level, Subdivision
Elementary school district
Bentonville
Middle school district
Bentonville
High school district
Bentonville
Directions
From HWY 102 in Centerton, go north on Berkshire, left on Kensington, duplex on the right.
Standard status
Active
APN
06-02271-000
Size
2,545 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
PLAT 2005-350, 352
Tax Annual Amount
3909
Legal Description
PLAT 2005-350, 352
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2006
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl, Tile
Building materials
Brick, VinylSiding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Solutions Real Est
(479) 271-2424
Listed By:
Juan Perez · License #SA00062583
(479) 200-3850
Added: Feb 11
Changed: Aug 2
Last Checked: Aug 14 at 12:06AM
MLS# 1335607
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.
Investment Insights
Based on property information with market context.
Turnkey duplex investment in Centerton offering two residential units with three bedrooms and two bathrooms each. The units feature a split-bedroom layout, open-concept living areas, private fenced backyards, and a 1-car garage per unit. Interior finishes include carpet, vinyl, and tile flooring. The property is heated and cooled with central HVAC and includes a gas water heater. Construction materials are brick with vinyl siding, and a shingle roof was installed/updated approximately five years ago. Built in 2006, the duplex also features a patio and privacy fencing.
Parking includes a mix of carport, garage, and open spaces, and exterior site features include a concrete driveway. The property totals 2,545 square feet on a 0.22-acre lot and is located at 929-931 Kensington Drive in Benton County, Arkansas.
Parking includes a mix of carport, garage, and open spaces, and exterior site features include a concrete driveway. The property totals 2,545 square feet on a 0.22-acre lot and is located at 929-931 Kensington Drive in Benton County, Arkansas.
Key Highlights
- Turnkey duplex with two residential units
- 2,545 SF on a 0.22‑acre lot
- Built in 2006 with brick and vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,230
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$464,600
$464.6K
Cap Rate 7%
$331,857
$331.9K
Cap Rate 9%
$258,111
$258.1K
Market Conditions
NOI Build-Up for 2,545 SF
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.
Gross rent
$35.1K $13.80/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$33.2K $13.04/SF
− OpEx
−$10.0K −$3.91/SF
NOI
$23.2K $9.13/SF
Area
Benton County, AR
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$464,600
Cap Rate 7%
$331,857
Cap Rate 9%
$258,111
Alternative Uses
Best Use
Multifamily LT 5
$331.9K
$290.4K – $387.2K
NOI $23,230 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$296.1K
$259.1K – $345.5K
NOI $20,728 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$699.4K
$612.0K – $816.0K
NOI $48,957 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 72719, AR
16,248
Population
6,989
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
96%
High-School Grad
9.2 sq mi
ZIP Area
1,766
Density / Sq Mi
$111,250
Median Household Income
$61,073
Median Earnings
$1,432
Median Rent
$283,300
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?
Duplex - Turnkey duplex on 0.22 acres with central heat/air, fenced backyards, and three-bedroom unit layouts.
Where is this duplex located?
The property is located at 929-931 Kensington Drive Centerton, AR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Turnkey duplex with two residential units; 2,545 SF on a 0.22‑acre lot; Built in 2006 with brick and vinyl siding
