Duplex with Screened Sun
For Sale
$430,000
21037 And 21039 Richard Ct, Siloam Springs, AR 72761
Kitchen includes shaker cabinets, backsplash, peninsula, and bar seating.
Property Size2,576 SF
Price / SF$166.93
Days on Market28
Property Features for 21037 And 21039 Richard Ct
General Information
Standard status
Active
Size
2,576 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
screened in sun porch
porch
patio
fenced backyard
Building Details
Year Built
2019
Listing Agency:
Crye-Leike REALTORS, Siloam Springs
Listed By:
Misti Stephens · License #PB00047985
(479) 957-4232
Source:
Thesummithometeam
Added: Sep 1
Changed: Sep 13
Last Checked: Sep 26 at 10:25AM
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 Crye-Leike REALTORS, Siloam Springs
Investment Insights
Based on property information with market context.
This duplex in Siloam Springs was constructed in 2019 and contains 2,576 square feet. The interior kitchen combines shaker-style cabinetry with a backsplash, peninsula, and bar area, creating distinct zones for meal preparation and informal dining. One bedroom includes a private ensuite bathroom.
Outdoor features include a screened sun porch serving one side of the property, along with an additional porch and a spacious patio. The backyard is enclosed with fencing, providing a defined outdoor area for residents. The property is located at 21037 and 21039 Richard Ct in Siloam Springs, Arkansas.
Outdoor features include a screened sun porch serving one side of the property, along with an additional porch and a spacious patio. The backyard is enclosed with fencing, providing a defined outdoor area for residents. The property is located at 21037 and 21039 Richard Ct in Siloam Springs, Arkansas.
Key Highlights
- Duplex constructed in 2019
- 2,576 square feet of property size
- Kitchen with shaker cabinets, backsplash, peninsula, and bar
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
$23,513
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
5.47%
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%
$470,260
$470.3K
Cap Rate 7%
$335,900
$335.9K
Cap Rate 9%
$261,256
$261.3K
Market Conditions
NOI Build-Up for 2,576 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
$35.5K $13.80/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$33.6K $13.04/SF
− OpEx
−$10.1K −$3.91/SF
NOI
$23.5K $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%
$470,260
Cap Rate 7%
$335,900
Cap Rate 9%
$261,256
Alternative Uses
Best Use
Multifamily LT 5
$335.9K
$293.9K – $391.9K
NOI $23,513 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$299.7K
$262.3K – $349.7K
NOI $20,980 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$707.9K
$619.4K – $825.9K
NOI $49,553 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Kitchen includes shaker cabinets, backsplash, peninsula, and bar seating.
Where is this duplex located?
The property is located at 21037 And 21039 Richard Ct Siloam Springs, AR.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Duplex constructed in 2019; 2,576 square feet of property size; Kitchen with shaker cabinets, backsplash, peninsula, and bar
