Duplex with New
For Sale
$429,000
211 Ravenwood Boulevard, Siloam Springs, AR 72761
Residential, Siloam Springs, AR
Property Size2,820 SF
Lot Size0.29 Acres
Price / SF$152.13
Days on Market69
Property Features for 211 Ravenwood Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3
Parking features
Garage
Exterior features
ConcreteDriveway
Fencing
Privacy
Appliances
Dryer, Dishwasher, ElectricCooktop, ElectricOven, Disposal, GasWaterHeater, IceMaker, Microwave, Refrigerator, Washer
Subdivision
Ravenwood Dev Ph 4 Siloam Spgs
Lot features
Hardwood Trees, Landscaped, Level, Subdivision
Directions
From Hwy 412 W take exit to E Main St. At 4 way stop turn right onto Ravenwood Blvd. Continue through the next 4 way stop. Duplex will be on your right. Last duplex before you reach the community pool.
Standard status
Active
APN
03-04730-000
Size
2,820 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
PLAT P4-197.
Tax Annual Amount
2595
HOA Fee
$450 Annually
Legal Description
PLAT P4-197.
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Electric, Central Air
Water source
Public
Amenities
private fenced backyard
Building Details
Year built
2002
Floors in Building
1
Number of units
2
Flooring type
Tile, Vinyl
Building materials
Brick
Roof type
Shingle
Listing Agency:
Sanderson & Associates Real Estate
(479) 524-8600
Listed By:
Jared Carrell · License #SA00089525
(903) 285-1392
Added: Jun 19
Changed: Aug 19
Last Checked: Aug 26 at 2:06AM
MLS# 1352648
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 2,820-square-foot duplex contains two residences, each configured with 2 bedrooms and 2 bathrooms. Both units have open living areas, large kitchens, and practical layouts for daily residential use. Recent improvements include a new roof completed in May 2026 and luxury vinyl plank flooring installed throughout both units in October 2025. Each residence also includes a private fenced backyard, while the property offers garage parking, a concrete driveway, brick construction, and a shingle roof. Appliances conveyed with the units include refrigerators, dishwashers, ranges, microwaves, garbage disposals, washers, and dryers.
Both residences are occupied under one-year leases, with lease commencements in September 2025 and November 2025. The property is located in the Ravenwood subdivision of Siloam Springs, Arkansas, on a 0.29-acre lot. Public water and sewer serve the property, with central heating and cooling systems.
Both residences are occupied under one-year leases, with lease commencements in September 2025 and November 2025. The property is located in the Ravenwood subdivision of Siloam Springs, Arkansas, on a 0.29-acre lot. Public water and sewer serve the property, with central heating and cooling systems.
Key Highlights
- Two‑unit duplex totaling 2,820 square feet
- Each unit includes 2 bedrooms and 2 bathrooms
- New roof completed in May 2026
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
$25,740
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
6.00%
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%
$514,800
$514.8K
Cap Rate 7%
$367,714
$367.7K
Cap Rate 9%
$286,000
$286.0K
Market Conditions
NOI Build-Up for 2,820 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
$38.9K $13.80/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$36.8K $13.04/SF
− OpEx
−$11.0K −$3.91/SF
NOI
$25.7K $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%
$514,800
Cap Rate 7%
$367,714
Cap Rate 9%
$286,000
Alternative Uses
Best Use
Multifamily LT 5
$367.7K
$321.8K – $429.0K
NOI $25,740 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$328.1K
$287.1K – $382.8K
NOI $22,968 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$775.0K
$678.1K – $904.1K
NOI $54,247 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 72761, AR
23,731
Population
9,101
Households
2.6
Avg Household Size
33
Median Age
29%
College-Educated
86%
High-School Grad
114.1 sq mi
ZIP Area
208
Density / Sq Mi
$69,620
Median Household Income
$35,724
Median Earnings
$936
Median Rent
$218,700
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 - Fully leased two-unit property with updated flooring, private fenced yards, garages, and complete appliance packages.
Where is this duplex located?
The property is located at 211 Ravenwood Boulevard Siloam Springs, AR.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,820 square feet; Each unit includes 2 bedrooms and 2 bathrooms; New roof completed in May 2026
