Five-Duplex Apartment
1207 1205 1203 1115 1109 N Britt St, Siloam Springs, AR 72761
For Sale
New
$1,100,000
Each residence includes two bedrooms, one bathroom, and two parking spaces.
Property Size8,000 SF
Price / SF$137.50
Days on Market5
Property Features for 1207 1205 1203 1115 1109 N Britt St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Exp Realty
Listed By:
Patriot Company Real Estate
(479) 439-1933
Source:
Patriotcompany
Added: Nov 8
Last Checked: Nov 10 at 7:45AM
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 Exp Realty
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Investment Insights
Based on property information with market context.
Five duplex buildings form this apartment property on N Britt St in Siloam Springs, Arkansas, with a separate vacant lot included. The buildings date to 1987. Each side has two bedrooms, one bathroom, and two parking spaces.
The property includes 1207, 1205, 1203, 1115, and 1109 N Britt St. The lots are described as large, and the additional vacant parcel offers space for development.
The property includes 1207, 1205, 1203, 1115, and 1109 N Britt St. The lots are described as large, and the additional vacant parcel offers space for development.
Key Highlights
- Five duplex buildings dating to 1987
- Vacant lot included for development
- Each unit side has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,156
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,120
$1.3M
Cap Rate 7%
$930,800
$930.8K
Cap Rate 9%
$723,956
$724.0K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$125.8K $15.72/SF
− Vacancy
−$7.3K −$0.91/SF
EGI
$118.5K $14.81/SF
− OpEx
−$53.3K −$6.66/SF
NOI
$65.2K $8.14/SF
Area
Benton County, AR
Vacancy
5.80%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,120
Cap Rate 7%
$930,800
Cap Rate 9%
$723,956
Alternative Uses
Best Use
Apartment 5plus
$930.8K
$814.5K – $1.09M
NOI $65,156 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,892 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence includes two bedrooms, one bathroom, and two parking spaces.
Where is this apartment building located?
The property is located at 1207 1205 1203 1115 1109 N Britt St Siloam Springs, AR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Five duplex buildings dating to 1987; Vacant lot included for development; Each unit side has 2 bedrooms and 1 bathroom
