Four-Bedroom
New
For Sale
$575,900
505 N Collins Ave, Gentry, AR 72734
Both residences are leased, with leases transferable under an acceptable offer.
Property Size4,124 SF
Price / SF$139.65
Days on Market3
Property Features for 505 N Collins Ave
General Information
Standard status
Active
Size
4,124 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 4BR/3.5BA
Multifamily Units
2
Building Details
Year Built
2022
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Market Pro Realty Branch Office
(479) 925-5330
Listed By:
Brooke Hernandez
(479) 366-0149
Source:
District3
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 13 at 2:19AM
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 Keller Williams Market Pro Realty Branch Office
Investment Insights
Based on property information with market context.
Built in 2022, this duplex contains two residences of 2,062 square feet each. Both offer four bedrooms, 3.5 bathrooms, an open kitchen and living area, tile flooring throughout, granite countertops, a kitchen island, walk-in closets, and central heat and air. The combined building area is 4,124 square feet.
The property is just south of Main Street in Gentry, within walking distance of the McKee Plant and a short distance from a park, library, and local schools. Both units are currently leased, and the leases may transfer with an acceptable offer.
The property is just south of Main Street in Gentry, within walking distance of the McKee Plant and a short distance from a park, library, and local schools. Both units are currently leased, and the leases may transfer with an acceptable offer.
Key Highlights
- Two residences, each with 2,062 square feet
- Four bedrooms and 3.5 bathrooms in each unit
- Built in 2022; 4,124 square feet combined
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,643
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,860
$752.9K
Cap Rate 7%
$537,757
$537.8K
Cap Rate 9%
$418,256
$418.3K
Market Conditions
NOI Build-Up for 4,124 SF
Gross rent
$56.9K $13.80/SF
− Vacancy
−$3.1K −$0.76/SF
EGI
$53.8K $13.04/SF
− OpEx
−$16.1K −$3.91/SF
NOI
$37.6K $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 Rate 5%
$752,860
Cap Rate 7%
$537,757
Cap Rate 9%
$418,256
Alternative Uses
Best Use
Multifamily LT 5
$537.8K
$470.5K – $627.4K
NOI $37,643 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$479.8K
$419.9K – $559.8K
NOI $33,588 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$1.13M
$991.6K – $1.32M
NOI $79,331 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 72734, AR
7,905
Population
3,395
Households
2.3
Avg Household Size
37
Median Age
15%
College-Educated
90%
High-School Grad
81.6 sq mi
ZIP Area
97
Density / Sq Mi
$68,716
Median Household Income
$38,930
Median Earnings
$1,079
Median Rent
$198,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, with leases transferable under an acceptable offer.
Where is this duplex located?
The property is located at 505 N Collins Ave Gentry, AR.
What is the asking price?
The asking price for this property is $575,900.
What are key features of this property?
This property features: Two residences, each with 2,062 square feet; Four bedrooms and 3.5 bathrooms in each unit; Built in 2022; 4,124 square feet combined
