Duplex with Remodeled
22037 Cheryl Drive Siloam Springs, AR 72761
New
MULTI_FAMILY - Siloam Springs, AR
Property size:
2,376 SFLot size:
0.36 AcresPrice / SF:
$126/SF- Added:
- Jul 9, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 10 at 3:06 pm
Property Features for 22037 Cheryl Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3
- Parking features
- Garage, Open
- Exterior features
- ConcreteDriveway
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 15-15416-000
- Size
- 2,376 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1855
Utilities
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air
Building Details
- Year built
- 2000
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Tile
- Building materials
- VinylSiding
- Roof type
- Shingle
Listing agent Larry Boling License #SA00039551 (479) 790-5604
Listing office Benton County Realty 201 A 1st Avenue SW, AR (479) 787-5100
Listing date Jul 9, 2026
MLS# 1354802
Listing URL
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 duplex includes 2,376 square feet across two separate 3-bedroom, 2-bath units on 0.36 acres. One side is currently occupied by a long-term tenant. The second unit has been completely remodeled, with updates including new carpet, new paint, new kitchen cabinets, new countertops, new bathroom vanities, and new light fixtures and fans.
The property is located at 22037 Cheryl Drive in Siloam Springs, within Benton County. The lot includes a fenced-in back yard, providing a defined outdoor area for both occupants and renters. The property is described as being outside the city limits.
For buyers seeking a straightforward residential income setup, the duplex format provides two units within one asset, with one unit already in place and the other presented as newly refreshed. The combination of the occupied unit and the recently updated interior supports a practical approach for an owner-operator or an investor looking to manage a duplex with one move-in-ready side.
The property is located at 22037 Cheryl Drive in Siloam Springs, within Benton County. The lot includes a fenced-in back yard, providing a defined outdoor area for both occupants and renters. The property is described as being outside the city limits.
For buyers seeking a straightforward residential income setup, the duplex format provides two units within one asset, with one unit already in place and the other presented as newly refreshed. The combination of the occupied unit and the recently updated interior supports a practical approach for an owner-operator or an investor looking to manage a duplex with one move-in-ready side.
Key Highlights
- Duplex with 2,376 SF total living space on 0.36 acres
- Two 3‑bedroom, 2‑bath units
- Second unit completely remodeled with new carpet, paint, kitchen cabinets, countertops, bathroom vanities, and new light fixtures and fans
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.8k | $13.80 |
| − Vacancy | −$1.8k | −$0.76 |
| EGI | $31.0k | $13.04 |
| − OpEx | −$9.3k | −$3.91 |
| NOI | $21.7k | $9.13 |
2,376 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$309.8K
$271.1K – $361.5K
NOI $21,687 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$276.4K
$241.9K – $322.5K
NOI $19,351 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$652.9K
$571.3K – $761.8K
NOI $45,706 @ 7.0% cap · market cap 15.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offering two 3-bedroom, 2-bath units, including a fully remodeled second unit.
Where is this duplex located?
The property is located at 22037 Cheryl Drive Siloam Springs, AR.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Duplex with 2,376 SF total living space on 0.36 acres; Two 3‑bedroom, 2‑bath units; Second unit completely remodeled with new carpet, paint, kitchen cabinets, countertops, bathroom vanities, and new light fixtures and fans
