Duplex with Detached
For Sale
$239,500
Pending
214 N Broadway St, Siloam Springs, AR 72761
Two-bedroom units feature updated finishes, private storage areas, and outdoor space near downtown amenities.
Property Size2,080 SF
Days on Market18
Property Features for 214 N Broadway St
General Information
Standard status
Pending
Size
2,080 SF
Property subtype
Multi-Family
Listing Agency:
Carmichael & Co Realty
(479) 439-1933
Listed By:
Patriot Company Real Estate
(479) 439-1933
Source:
Patriotcompany
Added: Aug 15
Changed: Aug 31
Last Checked: Aug 31 at 3:03PM
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 Carmichael & Co Realty
Investment Insights
Based on property information with market context.
This duplex includes two residential units, each arranged with 2 bedrooms and 1 bath. Interior and exterior paint have been refreshed, with vinyl plank flooring in the living areas and carpet in the bedrooms. The stucco exterior, covered front porch, additional deck, broad yard, and established shade trees add usable outdoor space. A detached 2-car garage provides parking, storage, or workspace, while the shared basement contains separate storage areas for each unit and a common utility area.
The property occupies the corner of Ashley and Broadway at 214 N Broadway St in Siloam Springs, with downtown, restaurants, shops, parks, community events, and the Sager Creek area nearby. Recent improvements include a roof completed in 2026, an HVAC replacement on Ashley in 2026, and an HVAC replacement on Broadway in 2025. The duplex supports rental income, multigenerational living, or an owner-occupant arrangement.
The property occupies the corner of Ashley and Broadway at 214 N Broadway St in Siloam Springs, with downtown, restaurants, shops, parks, community events, and the Sager Creek area nearby. Recent improvements include a roof completed in 2026, an HVAC replacement on Ashley in 2026, and an HVAC replacement on Broadway in 2025. The duplex supports rental income, multigenerational living, or an owner-occupant arrangement.
Key Highlights
- Two units, each with 2 bedrooms and 1 bath
- Detached 2‑car garage for parking, storage, or workspace
- Shared basement with separate unit storage and common utility space
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
$18,986
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
7.93%
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%
$379,720
$379.7K
Cap Rate 7%
$271,229
$271.2K
Cap Rate 9%
$210,956
$211.0K
Market Conditions
NOI Build-Up for 2,080 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
$28.7K $13.80/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$27.1K $13.04/SF
− OpEx
−$8.1K −$3.91/SF
NOI
$19.0K $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%
$379,720
Cap Rate 7%
$271,229
Cap Rate 9%
$210,956
Alternative Uses
Best Use
Multifamily LT 5
$271.2K
$237.3K – $316.4K
NOI $18,986 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$242.0K
$211.8K – $282.4K
NOI $16,941 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$571.6K
$500.2K – $666.9K
NOI $40,012 @ 7.0% cap · market cap 16.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
583
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units feature updated finishes, private storage areas, and outdoor space near downtown amenities.
Where is this duplex located?
The property is located at 214 N Broadway St Siloam Springs, AR.
What is the asking price?
The asking price for this property is $239,500.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bath; Detached 2‑car garage for parking, storage, or workspace; Shared basement with separate unit storage and common utility space
