Siloam Springs Income
515 S Washington Street, Siloam Springs, AR 72761
Rare, renovated 1900s farmhouse with income potential near downtown.
Type:Multi-Family
Property size:
2,637 SFLot size:
0.50 AcresPrice / SF:
$166/SF- Added:
- Apr 14, 2026
- Days on Market:
- 51
- Last Refresh:
- May 28 at 11:17 pm
Property Features for 515 S Washington Street
General Information
- Standard status
- Active
- Size
- 2,637 SF
- Lot size
- 0.50 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing agent Jason Lanker License #SA00099154 (479) 427-9246
Listing office Keller Williams Market Pro Realty (479) 427-9246
Listing date Apr 14, 2026
Source Xome
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 Keller Williams Market Pro Realty
HighLights
- Income‑producing property with three rentable units (main house, mother‑in‑law suite, barndominium) professionally managed and generating income from day one.
- Prime location steps from historic downtown, Chautauqua Park, and the library.
- Completely rebuilt 1900s farmhouse with refinished hardwood floors and original ceilings, blending historic charm with modern systems and all‑new plumbing.
- Includes a private mother‑in‑law suite suitable for family, home office, or rental income.
- Features a separate barndominium with its own entrance, providing a third independent living space.
- Sits on a half‑acre lot shaded by mature oak trees, with a detached two‑car garage.
Overview
This property features a rebuilt 1900s farmhouse with refinished hardwood floors and original ceilings. The property includes three bedrooms and two baths in the main house, along with a private mother-in-law suite suitable for family, a home office, or generating income. A fully separate barndominium with its own entrance provides a third living space. A detached two-car garage is also included. The property is situated on a half-acre shaded by mature oak trees. All units are currently rented and professionally managed, offering immediate income potential. The tenants are on flexible 30-day agreements. The property is located steps from historic downtown, with convenient access to Chautauqua Park and the library. The property has new plumbing and modern systems throughout. The property size is 2637 square feet.
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 | $36.4k | $13.80 |
| − Vacancy | −$2.0k | −$0.76 |
| EGI | $34.4k | $13.04 |
| − OpEx | −$10.3k | −$3.91 |
| NOI | $24.1k | $9.13 |
2,637 SF · lease $13.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.9K
$300.9K – $401.2K
NOI $24,070 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$306.8K
$268.5K – $358.0K
NOI $21,477 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$724.7K
$634.1K – $845.5K
NOI $50,727 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Siloam Springs
- County
- Benton
- State
- Arkansas
- Longitude
- -94.53648
- Latitude
- 36.18072
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Rare, renovated 1900s farmhouse with income potential near downtown.
Where is this triplex located?
The property is located at 515 S Washington Street Siloam Springs, AR.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Income‑producing property with three rentable units (main house, mother‑in‑law suite, barndominium) professionally managed and generating income from day one.; Prime location steps from historic downtown, Chautauqua Park, and the library.; Completely rebuilt 1900s farmhouse with refinished hardwood floors and original ceilings, blending historic charm with modern systems and all‑new plumbing.
