Contemporary Two-Level
For Sale
$535,000
917-919 Kensington Drive, Centerton, AR 72719
MULTI_FAMILY - Contemporary - Centerton, AR
Property Size2,924 SF
Lot Size0.29 Acres
Price / SF$182.97
Days on Market47
Property Features for 917-919 Kensington Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multi Family
Parking features
Open, Garage
Exterior features
ConcreteDriveway
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Refrigerator
Subdivision
Copper Oaks
Lot features
Central Business District, Cleared, Corner Lot, City Lot, Level, Subdivision
Elementary school district
Bentonville
Middle school district
Bentonville
High school district
Bentonville
Directions
Hwy 102 (Centerton Blvd) to Copper Oaks Dr. , to Oakwood Lane, right on Kensington Dr. Duplexes are on the corner
Standard status
Active
APN
06-02272-000
Size
2,924 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
Copper Oaks Subdivision, Lot 23, Section 34, Township 20 Range 31
Tax Annual Amount
3588
Legal Description
Copper Oaks Subdivision, Lot 23, Section 34, Township 20 Range 31
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
2006
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Brick, VinylSiding
Roof type
Shingle, Asphalt
Architectural style
Contemporary
Listing Agency:
Century 21 Lyons & Associates · Century 21 Real Estate
(479) 524-2100
Listed By:
Glenda Dozier · License #SA00065983
(479) 220-1515
Added: Jul 7
Changed: Aug 4
Last Checked: Aug 21 at 11:06PM
MLS# 1354388
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 contemporary duplex property includes two two-level units at 917-919 Kensington Drive. Each unit offers three bedrooms with all bedrooms located on the second level, along with two and a half bathrooms. Updates include new carpet and flooring throughout, and new appliances, making the property move-in ready.
The exterior includes a concrete driveway and parking with open spaces plus an attached garage. Construction materials include brick and vinyl siding, supported by an asphalt shingle roof. Heating is central electric and cooling is electric with central air.
The property includes a lot size of 0.29 acres and a total property size of 2,924 square feet. Built in 2006, it is well-suited for residential income use, with 919 currently occupied under a current lease while 917 is available.
The exterior includes a concrete driveway and parking with open spaces plus an attached garage. Construction materials include brick and vinyl siding, supported by an asphalt shingle roof. Heating is central electric and cooling is electric with central air.
The property includes a lot size of 0.29 acres and a total property size of 2,924 square feet. Built in 2006, it is well-suited for residential income use, with 919 currently occupied under a current lease while 917 is available.
Key Highlights
- Two two‑level duplex units at 917‑919 Kensington Drive
- Three bedrooms with all bedrooms on the second level plus two and a half baths
- New carpet and flooring throughout plus new appliances
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
$26,689
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
4.99%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex property with three-bedroom units, attached garage parking, and central electric HVAC.
Where is this duplex located?
The property is located at 917-919 Kensington Drive 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: Two two‑level duplex units at 917‑919 Kensington Drive; Three bedrooms with all bedrooms on the second level plus two and a half baths; New carpet and flooring throughout plus new appliances
