Four-Unit Quadplex with Detached
For Sale
$310,000
622 S Wright St, Siloam Springs, AR 72761
Four rental units include updated cabinetry, window air conditioning, and a mix of attached and detached living spaces.
Property Size3,029 SF
Price / SF$102.34
Days on Market81
Property Features for 622 S Wright St
General Information
Standard status
Active
Size
3,029 SF
Property subtype
Multi-Family
Occupancy
75%
Units
Unit Mix
2 x 1BR/1BA, 1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
window air conditioning units
Building Details
Year Built
1996
Buildings
2
Listing Agency:
Keller Williams Market Pro Realty Bentonville West
Listed By:
Salmonsen Group Realtors
(479) 718-2800
Source:
Thebesthomeprice
Added: Jul 28
Changed: Oct 12
Last Checked: Oct 7 at 4:55PM
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 Bentonville West
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Investment Insights
Based on property information with market context.
This quadplex property contains approximately 3,029 SF across four rental units, with two 1-bedroom, 1-bath units, one 2-bedroom, 1-bath unit, and one 3-bedroom, 2-bath unit. The seven-bedroom, five-bathroom configuration is arranged between a two-story residence and a detached home. Each unit has updated cabinetry, and window air conditioning units are provided in place of central HVAC.
Three units are occupied: one lease runs through October 1, while two operate on a month-to-month basis. The remaining unit is vacant. Built in 1996, the property is located 350' from S Mt. Olive and approximately 0.5 miles from US Hwy-412, providing access to nearby shopping, schools, and transportation routes.
Three units are occupied: one lease runs through October 1, while two operate on a month-to-month basis. The remaining unit is vacant. Built in 1996, the property is located 350' from S Mt. Olive and approximately 0.5 miles from US Hwy-412, providing access to nearby shopping, schools, and transportation routes.
Key Highlights
- Four rental units totaling approximately 3,029 SF
- Unit mix includes two 1‑bedroom, 1‑bath units, one 2‑bedroom, 1‑bath unit, and one 3‑bedroom, 2‑bath unit
- Seven bedrooms and five bathrooms across a two‑story residence and detached home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,648
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,960
$553.0K
Cap Rate 7%
$394,971
$395.0K
Cap Rate 9%
$307,200
$307.2K
Market Conditions
NOI Build-Up for 3,029 SF
Gross rent
$41.8K $13.80/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$39.5K $13.04/SF
− OpEx
−$11.8K −$3.91/SF
NOI
$27.6K $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%
$552,960
Cap Rate 7%
$394,971
Cap Rate 9%
$307,200
Alternative Uses
Best Use
Multifamily LT 5
$395.0K
$345.6K – $460.8K
NOI $27,648 @ 7.0% cap · market cap 8.92%
Second Best
Apartment 5plus
$352.4K
$308.4K – $411.2K
NOI $24,670 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$832.4K
$728.3K – $971.1K
NOI $58,267 @ 7.0% cap · market cap 18.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
843
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four rental units include updated cabinetry, window air conditioning, and a mix of attached and detached living spaces.
Where is this quadplex located?
The property is located at 622 S Wright St Siloam Springs, AR.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Four rental units totaling approximately 3,029 SF; Unit mix includes two 1‑bedroom, 1‑bath units, one 2‑bedroom, 1‑bath unit, and one 3‑bedroom, 2‑bath unit; Seven bedrooms and five bathrooms across a two‑story residence and detached home
