Leased Two-Unit
New
For Sale
$575,900
505 N Collins Avenue, Gentry, AR 72734
Residential, Gentry, AR
Property Size4,124 SF
Lot Size0.30 Acres
Price / SF$139.65
Days on Market4
Property Features for 505 N Collins Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
8
Full bathrooms
6
Half bathrooms
2
Rooms
Bathroom 6, Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 1, Bathroom 4, Bathroom 8, Bedroom 1, Bedroom 5, Bedroom 2, Bathroom 7, Bedroom 7, Bathroom 3, Bedroom 3, Bedroom 8, Bathroom 5
Parking features
Open, Garage
Exterior features
ConcreteDriveway
Fencing
Privacy
Appliances
Dishwasher, ElectricWaterHeater, GasRange, Microwave
Subdivision
W C Hastings Sub Gentry
Lot features
Cleared, Near Park
Elementary school district
Gentry
Middle school district
Gentry
High school district
Gentry
Directions
From 149 / Head West on US-412 for 20 miles / turn right onto AR 59 N/ Turn left on N Collins.
Standard status
Active
APN
10-00878-001
Size
4,124 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
STR: 03-18-33
Tax Annual Amount
5908
Legal Description
STR: 03-18-33
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
central heat and air
tile flooring
granite countertops
kitchen island
walk-in closets
Building Details
Year built
2022
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Brick, VinylSiding
Roof type
Shingle
Listing Agency:
NWA Residential Real Estate
(479) 202-5239
Listed By:
Danielle Richardson · License #PB00082514
(479) 544-4779
Added: Oct 11
Last Checked: Oct 14 at 3:06PM
MLS# 1364794
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.
Completed in 2022, this duplex contains 4,124 square feet across two residences, each with 2,062 square feet. Each unit has four bedrooms, three-and-a-half bathrooms, an open kitchen and living area, tile flooring, granite countertops, a kitchen island, and walk-in closets. Central heating and air conditioning serve both sides. The property also includes garage and open parking, a privacy fence, and a concrete driveway on a 0.3-acre lot.
Both units are leased, and the leases will transfer with an acceptable offer. The property is on N Collins Avenue in Gentry, just south of Main Street. The park, library, Gentry schools, and McKee Plant are identified as nearby destinations, with the plant within walking distance.
Both units are leased, and the leases will transfer with an acceptable offer. The property is on N Collins Avenue in Gentry, just south of Main Street. The park, library, Gentry schools, and McKee Plant are identified as nearby destinations, with the plant within walking distance.
Key Highlights
- Two residences totaling 4,124 square feet
- Each unit offers 2,062 square feet, 4 bedrooms, and 3.5 bathrooms
- Built in 2022 on a 0.3‑acre lot
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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Property Analytics
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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 the leases transferring under an acceptable offer.
Where is this duplex located?
The property is located at 505 N Collins Avenue 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 totaling 4,124 square feet; Each unit offers 2,062 square feet, 4 bedrooms, and 3.5 bathrooms; Built in 2022 on a 0.3‑acre lot
