Duplex with Attached
For Sale
$535,000
917-919 Kensington Dr, Centerton, AR 72719
Updated interiors feature new flooring, carpet, and appliances.
Property Size2,924 SF
Price / SF$182.97
Days on Market61
Property Features for 917-919 Kensington Dr
General Information
Standard status
Active
Size
2,924 SF
Property subtype
Multi-Family
Building Details
Year Built
2006
Buildings
2
Stories
2
Tenancy
Multi
Listing Agency:
Century 21 Lyons & Associates
Listed By:
Glenda Dozier · License #SA00065983
(479) 524-2100
Source:
Thebesthomeprice
Added: Aug 17
Changed: Oct 7
Last Checked: Oct 7 at 1:34PM
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 Century 21 Lyons & Associates
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Investment Insights
Based on property information with market context.
This two-level duplex at 917-919 Kensington Dr in Centerton contains 2,924 square feet and was built in 2006. The layout includes three bedrooms positioned on the second level, two-and-a-half baths, an attached garage, and both interior and exterior space. Recent improvements include new carpet, new flooring throughout, and new appliances.
The 919 side is occupied under a current lease, while the 917 side is presented as move-in ready. The property offers a residential income configuration with separate addresses at 917 and 919 Kensington Dr.
The 919 side is occupied under a current lease, while the 917 side is presented as move-in ready. The property offers a residential income configuration with separate addresses at 917 and 919 Kensington Dr.
Key Highlights
- 2,924 SF duplex built in 2006
- Two‑level layout with 3 bedrooms on the second level and 2 1/2 baths
- New carpet and flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,689
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,780
$533.8K
Cap Rate 7%
$381,271
$381.3K
Cap Rate 9%
$296,544
$296.5K
Market Conditions
NOI Build-Up for 2,924 SF
Gross rent
$40.4K $13.80/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$38.1K $13.04/SF
− OpEx
−$11.4K −$3.91/SF
NOI
$26.7K $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%
$533,780
Cap Rate 7%
$381,271
Cap Rate 9%
$296,544
Alternative Uses
Best Use
Multifamily LT 5
$381.3K
$333.6K – $444.8K
NOI $26,689 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$340.2K
$297.7K – $396.9K
NOI $23,815 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$803.5K
$703.1K – $937.5K
NOI $56,247 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
145
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
Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors feature new flooring, carpet, and appliances.
Where is this duplex located?
The property is located at 917-919 Kensington Dr Centerton, AR.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 2,924 SF duplex built in 2006; Two‑level layout with 3 bedrooms on the second level and 2 1/2 baths; New carpet and flooring throughout
