Leased Duplex with Attached
For Sale
$429,000
211 Ravenwood Boulevard, Siloam Springs, AR 72761
Residential, Siloam Springs, AR
Property Size2,820 SF
Lot Size0.29 Acres
Price / SF$152.13
Days on Market108
Property Features for 211 Ravenwood Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3
Parking features
Garage
Exterior features
ConcreteDriveway
Fencing
Privacy
Appliances
Dryer, Dishwasher, ElectricCooktop, ElectricOven, Disposal, GasWaterHeater, IceMaker, Microwave, Refrigerator, Washer
Subdivision
Ravenwood Dev Ph 4 Siloam Spgs
Lot features
Hardwood Trees, Landscaped, Level, Subdivision
Directions
From Hwy 412 W take exit to E Main St. At 4 way stop turn right onto Ravenwood Blvd. Continue through the next 4 way stop. Duplex will be on your right. Last duplex before you reach the community pool.
Standard status
Active
APN
03-04730-000
Size
2,820 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
PLAT P4-197.
Tax Annual Amount
2595
HOA Fee
$450 Annually
Legal Description
PLAT P4-197.
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air, Electric
Water source
Public
Amenities
private fenced backyard
Building Details
Year built
2002
Floors in Building
1
Number of units
2
Flooring type
Tile, Vinyl
Building materials
Brick
Roof type
Shingle
Listing Agency:
Sanderson & Associates Real Estate
(479) 524-8600
Listed By:
Jared Carrell · License #SA00089525
(903) 285-1392
Added: Jun 19
Changed: Sep 20
Last Checked: Oct 4 at 4:06PM
MLS# 1352648
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 2,820-square-foot duplex contains two residences, each offering two bedrooms, two full bathrooms, an open living layout, and an attached two-car garage. The property was built in 2002 with brick construction, shingle roofing, central heating and cooling, and public water and sewer. Both units have private fenced backyards and concrete driveway access.
Recent work includes a new roof completed in May 2026, new LVP flooring throughout both residences in 2026, and a new HVAC system in Unit A installed in September 2026. Unit B’s HVAC system is less than 3 years old. Refrigerators, dishwashers, ranges, microwaves, garbage disposals, washers, and dryers convey. Both residences are currently occupied.
Recent work includes a new roof completed in May 2026, new LVP flooring throughout both residences in 2026, and a new HVAC system in Unit A installed in September 2026. Unit B’s HVAC system is less than 3 years old. Refrigerators, dishwashers, ranges, microwaves, garbage disposals, washers, and dryers convey. Both residences are currently occupied.
Key Highlights
- Duplex with two 2‑bedroom, 2‑bath residences totaling 2,820 square feet
- New roof completed in May 2026
- New LVP flooring installed throughout both units in 2026
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
$25,740
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
6.00%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
330
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
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with renovated interiors, private fenced yards, and complete appliance packages in each residence.
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: Duplex with two 2‑bedroom, 2‑bath residences totaling 2,820 square feet; New roof completed in May 2026; New LVP flooring installed throughout both units in 2026
