Two-Unit Duplex with
For Sale
$425,000
609 Christopher Drive, Siloam Springs, AR 72761
Residential, Siloam Springs, AR
Property Size2,328 SF
Lot Size0.28 Acres
Price / SF$182.56
Days on Market47
Property Features for 609 Christopher Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage, Open
Exterior features
ConcreteDriveway
Fencing
Fenced, Privacy
Appliances
ElectricWaterHeater
Subdivision
Lawlis Ranch Sub Ph 1 Siloam Spgs
Lot features
Central Business District, Subdivision
Directions
From Hwy. 412, take N. Mt. Olive St. north. Turn left onto W. Christopher Dr. Continue to 609 W. Christopher Dr.; property will be on the left.
Standard status
Active
APN
03-06698-000
Size
2,328 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
PLAT 10/25/2018 L201856063, 2ND FINAL PLAT 3/14/2019 L201911542, CORRECTION PLAT 4/03/2019 L201915243(CORRECTS L201911542/REVISED LT NUMBERS) & REVISED CORRECTION PLAT 9/11/2019 L201947961 (CORRECTS L201911542 & 15243/APPROVAL SIGNATURES)
Tax Annual Amount
3441
Legal Description
PLAT 10/25/2018 L201856063, 2ND FINAL PLAT 3/14/2019 L201911542, CORRECTION PLAT 4/03/2019 L201915243(CORRECTS L201911542/REVISED LT NUMBERS) & REVISED CORRECTION PLAT 9/11/2019 L201947961 (CORRECTS L201911542 & 15243/APPROVAL SIGNATURES)
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
private fenced backyard
Building Details
Year built
2019
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
VinylSiding
Roof type
Asphalt, Shingle
Listing Agency:
Weichert REALTORS - The Griffin Company Springdale
(479) 756-1003
Listed By:
Logan Risk · License #SA00090259
(479) 249-5508
Added: Jul 9
Changed: Aug 19
Last Checked: Aug 24 at 7:06PM
MLS# 1354616
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.
Built in 2019, this 2,328-square-foot duplex contains two three-bedroom, two-bath residences and is fully leased. Both units use open layouts with defined living and dining areas, granite countertops, stainless steel appliances, and tile flooring. Each residence also includes an attached one-car garage and a privately fenced backyard. The building has vinyl siding, asphalt shingle roofing, central heating, and central air conditioning.
The property occupies 0.28 acres in Siloam Springs, with access to shopping, dining, schools, John Brown University, and major commuter routes. Concrete driveway paving, garage parking, and additional open parking support the property’s practical configuration. The two-unit layout and newer construction provide a straightforward multifamily asset with established occupancy.
The property occupies 0.28 acres in Siloam Springs, with access to shopping, dining, schools, John Brown University, and major commuter routes. Concrete driveway paving, garage parking, and additional open parking support the property’s practical configuration. The two-unit layout and newer construction provide a straightforward multifamily asset with established occupancy.
Key Highlights
- 2,328‑square‑foot duplex built in 2019
- Two three‑bedroom, two‑bath units, both fully leased
- Each unit includes an attached one‑car garage and private fenced backyard
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
$21,249
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
5.00%
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%
$424,980
$425.0K
Cap Rate 7%
$303,557
$303.6K
Cap Rate 9%
$236,100
$236.1K
Market Conditions
NOI Build-Up for 2,328 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
$32.1K $13.80/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$30.4K $13.04/SF
− OpEx
−$9.1K −$3.91/SF
NOI
$21.2K $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%
$424,980
Cap Rate 7%
$303,557
Cap Rate 9%
$236,100
Alternative Uses
Best Use
Multifamily LT 5
$303.6K
$265.6K – $354.2K
NOI $21,249 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$270.9K
$237.0K – $316.0K
NOI $18,960 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$639.8K
$559.8K – $746.4K
NOI $44,783 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
35
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 - Fully leased property with modern finishes and private outdoor areas.
Where is this duplex located?
The property is located at 609 Christopher Drive 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: 2,328‑square‑foot duplex built in 2019; Two three‑bedroom, two‑bath units, both fully leased; Each unit includes an attached one‑car garage and private fenced backyard
