Fully Leased
For Sale
$429,000
211 Ravenwood Boulevard, Siloam Springs, AR 72761
Two-bedroom residences offer updated interiors, private fenced yards, and included appliances in a leased investment property.
Property Size2,820 SF
Price / SF$152.13
Days on Market73
Property Features for 211 Ravenwood Boulevard
General Information
Standard status
Active
Size
2,820 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,350
Amenities
private fenced backyard
Building Details
Year Built
2002
Buildings
1
Tenancy
Multi
Listing Agency:
Sanderson & Associates Real Estate
Listed By:
Jared Carrell · License #SA00089525
(479) 599-8220
Source:
Thesummithometeam
Added: Aug 5
Changed: Oct 12
Last Checked: Oct 7 at 1:58PM
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 Sanderson & Associates Real Estate
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Investment Insights
Based on property information with market context.
Built in 2002, this duplex contains two 2-bedroom, 2-bath residences totaling 2,820 square feet. Both units feature open living areas, sizable kitchens, and practical layouts suited to everyday residential use. Refrigerators, dishwashers, ranges, microwaves, garbage disposals, washers, and dryers convey with the property.
Recent improvements include a new roof completed in May 2026 and luxury vinyl plank flooring installed throughout both residences in October 2025. Each unit also includes a private fenced backyard. The property is fully leased, with both residences occupied under one-year lease terms that began in September 2025 and November 2025, respectively.
Recent improvements include a new roof completed in May 2026 and luxury vinyl plank flooring installed throughout both residences in October 2025. Each unit also includes a private fenced backyard. The property is fully leased, with both residences occupied under one-year lease terms that began in September 2025 and November 2025, respectively.
Key Highlights
- Two 2‑bedroom, 2‑bath units totaling 2,820 square feet
- Fully leased with one‑year terms beginning September 2025 and November 2025
- New roof completed in May 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,740
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residences offer updated interiors, private fenced yards, and included appliances in a leased investment property.
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 2‑bedroom, 2‑bath units totaling 2,820 square feet; Fully leased with one‑year terms beginning September 2025 and November 2025; New roof completed in May 2026
