Newer Duplex with
For Sale
$425,000
2804 N Teresa Dr, Siloam Springs, AR 72761
Two matching residences offer updated finishes, private fenced yards, and flexible owner-occupant or rental use.
Property Size2,418 SF
Price / SF$175.77
Days on Market58
Property Features for 2804 N Teresa Dr
General Information
Standard status
Active
Size
2,418 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$33,000
Amenities
granite countertops
stained kitchen cabinets
gas ranges
luxury vinyl plank flooring
wood privacy-fenced backyard
Building Details
Year Built
2023
Buildings
1
Listing Agency:
Century 21 Lyons & Associates
(479) 549-8018
Listed By:
The Moldenhauer Group
(479) 341-6413
Source:
Nwahomestore
Added: Aug 20
Changed: Oct 15
Last Checked: Oct 16 at 8:12AM
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 Century 21 Lyons & Associates
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Investment Insights
Based on property information with market context.
Built in 2023, this duplex contains two separately configured residences totaling 2,418 square feet. Each unit provides 3 bedrooms, 2 baths, 1,209 sq ft, and an attached 1-car garage. Interior finishes include granite countertops, stained cabinetry, gas ranges, and luxury vinyl plank flooring throughout, with no carpet. Both sides also include their own wood privacy-fenced backyard.
The layout supports an owner-occupant arrangement with one residence available for personal use and the other retained as a rental, or continued rental operation of both units. The property is located at 2804 N Teresa Dr in Siloam Springs, Arkansas.
The layout supports an owner-occupant arrangement with one residence available for personal use and the other retained as a rental, or continued rental operation of both units. The property is located at 2804 N Teresa Dr in Siloam Springs, Arkansas.
Key Highlights
- Duplex built in 2023 with 2,418 square feet total
- Each side includes 3 bedrooms, 2 baths, and 1,209 sq ft
- Attached 1‑car garage serves each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,071
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,420
$441.4K
Cap Rate 7%
$315,300
$315.3K
Cap Rate 9%
$245,233
$245.2K
Market Conditions
NOI Build-Up for 2,418 SF
Gross rent
$33.4K $13.80/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$31.5K $13.04/SF
− OpEx
−$9.5K −$3.91/SF
NOI
$22.1K $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%
$441,420
Cap Rate 7%
$315,300
Cap Rate 9%
$245,233
Alternative Uses
Best Use
Multifamily LT 5
$315.3K
$275.9K – $367.9K
NOI $22,071 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$281.3K
$246.2K – $328.2K
NOI $19,693 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$664.5K
$581.4K – $775.2K
NOI $46,514 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer updated finishes, private fenced yards, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 2804 N Teresa Dr Siloam Springs, AR.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Duplex built in 2023 with 2,418 square feet total; Each side includes 3 bedrooms, 2 baths, and 1,209 sq ft; Attached 1‑car garage serves each unit
