Duplex with Private Fenced
For Sale
$499,000
929-931 Kensington Dr, Centerton, AR 72719
Both units offer open living areas, central heat and air, and three-bedroom, two-bath layouts.
Property Size2,545 SF
Price / SF$196.07
Days on Market72
Property Features for 929-931 Kensington Dr
General Information
Standard status
Active
Size
2,545 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Amenities
private fenced backyards
Building Details
Year Built
2006
Buildings
1
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Solutions Real Est
Listed By:
Juan Perez · License #SA00062583
(479) 200-3850
Source:
Thebesthomeprice
Added: Aug 6
Changed: Oct 4
Last Checked: Oct 15 at 1:08AM
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 Berkshire Hathaway HomeServices Solutions Real Est
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Investment Insights
Based on property information with market context.
Built in 2006, this 2,545-square-foot duplex contains two leased units with matching three-bedroom, two-bath configurations. Each side includes a one-car garage, split-bedroom floor plan, open-concept living space, central heat and air, and a private fenced backyard. The roof was replaced approximately five years ago.
The property is located at 929-931 Kensington Dr in Centerton, Arkansas. Both units are occupied, providing an established tenant profile for this residential income property. The combination of separate garages, enclosed outdoor areas, and practical interior layouts supports the property's duplex configuration.
The property is located at 929-931 Kensington Dr in Centerton, Arkansas. Both units are occupied, providing an established tenant profile for this residential income property. The combination of separate garages, enclosed outdoor areas, and practical interior layouts supports the property's duplex configuration.
Key Highlights
- Two‑unit duplex with both sides fully leased
- Each unit includes 3 bedrooms and 2 bathrooms
- Each side has a 1‑car garage and private fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,230
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,600
$464.6K
Cap Rate 7%
$331,857
$331.9K
Cap Rate 9%
$258,111
$258.1K
Market Conditions
NOI Build-Up for 2,545 SF
Gross rent
$35.1K $13.80/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$33.2K $13.04/SF
− OpEx
−$10.0K −$3.91/SF
NOI
$23.2K $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%
$464,600
Cap Rate 7%
$331,857
Cap Rate 9%
$258,111
Alternative Uses
Best Use
Multifamily LT 5
$331.9K
$290.4K – $387.2K
NOI $23,230 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$296.1K
$259.1K – $345.5K
NOI $20,728 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$699.4K
$612.0K – $816.0K
NOI $48,957 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
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 - Both units offer open living areas, central heat and air, and three-bedroom, two-bath layouts.
Where is this duplex located?
The property is located at 929-931 Kensington Dr Centerton, AR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑unit duplex with both sides fully leased; Each unit includes 3 bedrooms and 2 bathrooms; Each side has a 1‑car garage and private fenced backyard
