Three-Unit Triplex Income
2114 Keathley Drive Conway, AR 72032
For Sale
Contact for pricing
Triplex with three 2-bedroom, 1-bath units, fully occupied and generating gross monthly rental income.
Property Size2,208 SF
Price / SF$106.43
Days on Market18
Property Features for 2114 Keathley Drive
General Information
- Standard status
- Active
- Size
- 2,208 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1971
Listing Agency:
Brick Real Estate
(870) 530-7262
Listed By:
Bryce Richardson · License #000086881
Source:
Crexi
Added: Jul 7
Changed: Jul 23
Last Checked: Jul 23 at 8:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brick Real Estate
Investment Insights
Based on property information with market context.
This three-unit residential income property features a triplex configuration with three 2-bedroom, 1-bathroom units. Each unit offers 736 square feet, for a total rentable area of 2,208 square feet. The property is currently 100% occupied with rents set at $750 per unit.
Located at 2114 Keathley Drive in Conway, Arkansas (72032), the asset is positioned for investors seeking stabilized multifamily performance in a small-format format. Based on current occupancy and rent levels, the property generates $2,250 in gross monthly income and $27,000 annually.
The offering is listed for $235,000, representing a per-unit entry point for buyers looking at a three-unit triplex within Central Arkansas.
Located at 2114 Keathley Drive in Conway, Arkansas (72032), the asset is positioned for investors seeking stabilized multifamily performance in a small-format format. Based on current occupancy and rent levels, the property generates $2,250 in gross monthly income and $27,000 annually.
The offering is listed for $235,000, representing a per-unit entry point for buyers looking at a three-unit triplex within Central Arkansas.
Key Highlights
- Three‑unit triplex built in 1971 with three 2‑bedroom, 1‑bath units
- Total rentable area of 2,208 SF (736 SF per unit)
- Currently 100% occupied with $750 per unit monthly rent
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex with three 2-bedroom, 1-bath units, fully occupied and generating gross monthly rental income.
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: Three‑unit triplex built in 1971 with three 2‑bedroom, 1‑bath units; Total rentable area of 2,208 SF (736 SF per unit); Currently 100% occupied with $750 per unit monthly rent
