Duplex with Remodeled
22037 Cheryl Drive Siloam Springs, AR 72761
22037 Cheryl Drive, Siloam Springs, AR, 72761
$300,000
For Sale
$300,000
MULTI_FAMILY - Siloam Springs, AR
Property Size2,376 SF
Lot Size0.36 Acres
Price / SF$126.26
Days on Market14
Property Features for 22037 Cheryl Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2
- Parking features
- Garage, Open
- Exterior features
- ConcreteDriveway
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 15-15416-000
- Size
- 2,376 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1855
Utilities
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air
Building Details
- Year built
- 2000
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Tile
- Building materials
- VinylSiding
- Roof type
- Shingle
Listing agency
Benton County Realty
(479) 787-5100
Listed by
Larry Boling · License #SA00039551
(479) 790-5604
Added: Jul 9 Updated: Jul 18 at 12:21AM Checked: Jul 22 at 10:06PM
MLS# 1354802
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 duplex includes 2,376 square feet across two separate 3-bedroom, 2-bath units on 0.36 acres. One side is currently occupied by a long-term tenant. The second unit has been completely remodeled, with updates including new carpet, new paint, new kitchen cabinets, new countertops, new bathroom vanities, and new light fixtures and fans.
The property is located at 22037 Cheryl Drive in Siloam Springs, within Benton County. The lot includes a fenced-in back yard, providing a defined outdoor area for both occupants and renters. The property is described as being outside the city limits.
For buyers seeking a straightforward residential income setup, the duplex format provides two units within one asset, with one unit already in place and the other presented as newly refreshed. The combination of the occupied unit and the recently updated interior supports a practical approach for an owner-operator or an investor looking to manage a duplex with one move-in-ready side.
The property is located at 22037 Cheryl Drive in Siloam Springs, within Benton County. The lot includes a fenced-in back yard, providing a defined outdoor area for both occupants and renters. The property is described as being outside the city limits.
For buyers seeking a straightforward residential income setup, the duplex format provides two units within one asset, with one unit already in place and the other presented as newly refreshed. The combination of the occupied unit and the recently updated interior supports a practical approach for an owner-operator or an investor looking to manage a duplex with one move-in-ready side.
Key Highlights
- Duplex with 2,376 sq ft total living space on 0.36 acres
- Two 3‑bedroom, 2‑bath units
- One unit has long‑term tenant in place
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.8k | $13.80 |
| − Vacancy | −$1.8k | −$0.76 |
| EGI | $31.0k | $13.04 |
| − OpEx | −$9.3k | −$3.91 |
| NOI | $21.7k | $9.13 |
2,376 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$309.8K
$271.1K – $361.5K
NOI $21,687 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$276.4K
$241.9K – $322.5K
NOI $19,351 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$652.9K
$571.3K – $761.8K
NOI $45,706 @ 7.0% cap · market cap 15.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex offering two 3-bedroom, 2-bath units, including a fully remodeled second unit.
Where is this duplex located?
The property is located at 22037 Cheryl Drive Siloam Springs, AR.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Duplex with 2,376 sq ft total living space on 0.36 acres; Two 3‑bedroom, 2‑bath units; One unit has long‑term tenant in place
