Brick
New
For Sale
$195,000
90 - 92 S Centennial Avenue, West Fork, AR 72774
Residential, West Fork, AR
Property Size900 SF
Lot Size0.29 Acres
Price / SF$216.67
Days on Market3
Property Features for 90 - 92 S Centennial Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi Family
Exterior features
GravelDriveway
Appliances
Disposal, GasRange, GasWaterHeater, IceMaker, RangeHood
Subdivision
Hillside Sub
Lot features
Corner Lot, City Lot, Near Park, Subdivision, Sloped, Views
Elementary school district
West Fork
Middle school district
West Fork
High school district
West Fork
Directions
Hwy 71 in west Fork traveling South out of town to Centennial Ave.
Standard status
Active
APN
835-38658-000
Size
900 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
33-15-30
Tax Annual Amount
1518
Legal Description
33-15-30
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1994
Floors in Building
1
Number of units
2
Flooring type
Carpet
Building materials
Brick
Roof type
Metal
Listing Agency:
Real Assets Inc
(479) 521-6275
Listed By:
Mark Brewer · License #PB00030726
(479) 521-6275
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 20 at 5:06PM
MLS# 1359342
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.
This 1994 brick duplex contains two residential units totaling 900 square feet. The property includes central heating and air conditioning, carpeted interiors, a metal roof, gas ranges, gas water heating, range hoods, disposals, and ice makers. A gravel driveway serves the building.
Unit 90 is occupied on a month-to-month arrangement, with the occupant responsible for utilities. Unit 92 requires substantial interior work, including repainting, replacement flooring, and broader interior renovation. The duplex is located at 90–92 S Centennial Avenue in West Fork, Washington County, Arkansas.
Unit 90 is occupied on a month-to-month arrangement, with the occupant responsible for utilities. Unit 92 requires substantial interior work, including repainting, replacement flooring, and broader interior renovation. The duplex is located at 90–92 S Centennial Avenue in West Fork, Washington County, Arkansas.
Key Highlights
- Two‑unit duplex totaling 900 square feet
- Built in 1994 with brick construction
- Unit 90 occupied on a month‑to‑month arrangement
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
$8,099
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
4.15%
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%
$161,980
$162.0K
Cap Rate 7%
$115,700
$115.7K
Cap Rate 9%
$89,989
$90.0K
Market Conditions
NOI Build-Up for 900 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
$12.4K $13.80/SF
− Vacancy
−$850 −$0.94/SF
EGI
$11.6K $12.86/SF
− OpEx
−$3.5K −$3.86/SF
NOI
$8.1K $9.00/SF
Area
Washington County, AR
Vacancy
6.84%
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%
$161,980
Cap Rate 7%
$115,700
Cap Rate 9%
$89,989
Alternative Uses
Best Use
Multifamily LT 5
$115.7K
$101.2K – $135.0K
NOI $8,099 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$102.4K
$89.6K – $119.4K
NOI $7,166 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$241.6K
$211.4K – $281.8K
NOI $16,910 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 72774, AR
6,309
Population
2,882
Households
2.2
Avg Household Size
44
Median Age
31%
College-Educated
91%
High-School Grad
120.1 sq mi
ZIP Area
53
Density / Sq Mi
$70,350
Median Household Income
$42,066
Median Earnings
$1,118
Median Rent
$205,600
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 - Two-unit residential income property with central HVAC, gas appliances, and a gravel driveway.
Where is this duplex located?
The property is located at 90 - 92 S Centennial Avenue West Fork, AR.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 900 square feet; Built in 1994 with brick construction; Unit 90 occupied on a month‑to‑month arrangement
