Updated Duplex with Two-Car
706 Meghan Street, Siloam Springs, AR 72761
MULTI_FAMILY - Ranch - Siloam Springs, AR
Type:Single Family Residence
Property size:
2,497 SFLot size:
0.27 AcresPrice / SF:
$154/SF- Added:
- Feb 10, 2026
- Days on Market:
- 100
- Last Refresh:
- May 21 at 11:06 pm
Property Features for 706 Meghan Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1
- Parking features
- Garage, Open
- Window features
- Shutters, Blinds
- Patio and Porch features
- Patio
- Interior features
- BuiltInFeatures, CeilingFans, CathedralCeilings, Shutters, WalkInClosets, WindowTreatments
- Exterior features
- ConcreteDriveway
- Fencing
- Fenced, Privacy
- Appliances
- Dryer, Dishwasher, ElectricRange, Disposal, GasWaterHeater, MicrowaveHoodFan, Microwave, Refrigerator, Washer
- Standard status
- Active
- APN
- 03-03897-000
- Size
- 2,497 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Description
- PLAT 19-154 & 20-77
- Tax Annual Amount
- 2186
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1997
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Wood, Parquet Wood, Carpet, Tile
- Building materials
- Brick, VinylSiding
- Roof type
- Shingle
- Architectural style
- Ranch
Listing agent Savannah Bunker License #PB00066371 (479) 466-5354
Listing office DBC Real Estate 900 W Tulsa St, Siloam Springs, AR (479) 524-4060
Listing date Feb 10, 2026
MLS# 1334661
Listing URL
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.
HighLights
- Duplex featuring two 3 BR, 2 Bath units, ideal for investment or owner‑occupancy.
- Each unit includes a 2‑car garage, a rare find in this area.
- New roof installed, offering peace of mind.
- Updated units with brick accent walls, kitchen appliances, washers, and dryers included.
- Separate laundry and office areas in each unit for added convenience.
- Centrally located near schools, Walmart, downtown Siloam Springs, Dogwood Springs Trail, and La‑z‑Boy Fields.
Overview
This duplex presents a rare investment opportunity, featuring two units each with 3 bedrooms, 2 bathrooms, and 2-car garages. A new roof has just been installed, and the exterior is low maintenance. The property is one of the only duplexes in the neighborhood with 2-car garages. Both units have been thoughtfully updated and include brick accent walls in the dining rooms. Each unit is equipped with kitchen appliances, washers, and dryers. Large windows provide plenty of natural light throughout the duplex. Separate laundry and office areas are located adjacent to the kitchens. Residents can enjoy back patios and a privacy-fenced backyard. The buyer has the option to live in one unit and lease the other. Situated on a 0.27-acre lot, the property offers a total of 2497 square feet of living space. The central location provides a short drive to schools, Walmart, and downtown Siloam Springs, and is close to the Dogwood Springs Trail and La-z-Boy Fields. The property is located in Siloam Springs, AR.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$253.2K
NOI $22,792 @ 9.00% cap · cautious / downside scenario
Moderate
$325.6K
NOI $22,792 @ 7.00% cap · market / base-case scenario
Aggressive
$455.8K
NOI $22,792 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.5k | $13.80 |
| − Vacancy | −$1.9k | −$0.76 |
| EGI | $32.6k | $13.04 |
| − OpEx | −$9.8k | −$3.91 |
| NOI | $22.8k | $9.13 |
2,497 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$325.6K
$284.9K – $379.9K
NOI $22,792 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$290.5K
$254.2K – $339.0K
NOI $20,337 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$686.2K
$600.4K – $800.6K
NOI $48,033 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Siloam Springs
- County
- Benton
- State
- Arkansas
- Longitude
- -94.534077
- Latitude
- 36.193853
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Rare investment opportunity: updated duplex with garages and modern amenities.
Where is this duplex located?
The property is located at 706 Meghan Street Siloam Springs, AR.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: Duplex featuring two 3 BR, 2 Bath units, ideal for investment or owner‑occupancy.; Each unit includes a 2‑car garage, a rare find in this area.; New roof installed, offering peace of mind.
