4-Unit Quadplex with Updated
For Sale
$310,000
622 S Wright Street, Siloam Springs, AR 72761
Residential, Siloam Springs, AR
Property Size3,029 SF
Lot Size0.28 Acres
Price / SF$102.34
Days on Market94
Property Features for 622 S Wright Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bedroom 3, Bathroom 5, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 7, Bathroom 2, Bedroom 2
Parking features
On Street
Patio and Porch features
Porch
Exterior features
UnpavedDriveway
Appliances
ElectricOven, ElectricRange, GasWaterHeater, Microwave, Refrigerator
Subdivision
CRANES ADD-SILOAM SPRINGS
Lot features
Central Business District, Corner Lot, City Lot, Level
Elementary school district
Siloam Springs
Middle school district
Siloam Springs
High school district
Siloam Springs
Directions
Heading West on U-412 W, turn right onto S Mt. Olive St. In 0.5 miles turn left onto W Harvard St. Then turn right onto S Wright St. The property will be on the left.
Standard status
Active
APN
03-01801-000
Size
3,029 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
S-T-R: 06-17-33; CRANES ADD-SILOAM SPRINGS
Tax Annual Amount
2978
Legal Description
S-T-R: 06-17-33; CRANES ADD-SILOAM SPRINGS
Utilities
Heating system
Space Heater
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1996
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Carpet, Tile
Building materials
Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Market Pro Realty Bentonville West · Keller Williams Realty
(479) 231-1355
Listed By:
Salmonsen Group Realtors
(479) 330-1250
Added: May 19
Changed: Aug 19
Last Checked: Aug 20 at 7:06AM
MLS# 1347919
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 four-unit quadplex includes a two-story residence and a detached home, totaling about +/- 3,029 square feet on a 0.28-acre lot. The unit mix is two 1-bedroom, 1-bath units, one 2-bedroom, 1-bath unit, and one 3-bedroom, 2-bath unit, for seven bedrooms and five bathrooms across the property. Three units are currently occupied, with one lease secured through October 1 and two units operating month-to-month; one unit is vacant.
Recent improvements include updated cabinetry in each unit. The property does not feature central HVAC; all units are equipped with window air conditioning units, with space heaters used for heating. Exterior features include stucco construction, a shingle roof, a porch, and an unpaved driveway. Parking is available on-street.
Built in 1996, the property is located about 350 feet from S Mt. Olive and approximately 0.5 miles from US Hwy-412, supporting convenient access to shopping, schools, and major transportation in Siloam Springs.
Recent improvements include updated cabinetry in each unit. The property does not feature central HVAC; all units are equipped with window air conditioning units, with space heaters used for heating. Exterior features include stucco construction, a shingle roof, a porch, and an unpaved driveway. Parking is available on-street.
Built in 1996, the property is located about 350 feet from S Mt. Olive and approximately 0.5 miles from US Hwy-412, supporting convenient access to shopping, schools, and major transportation in Siloam Springs.
Key Highlights
- +/- 3,029 SF quadplex on a 0.28‑acre lot with two‑story residence plus detached home
- Four‑unit mix: two 1‑bed/1‑bath units, one 2‑bed/1‑bath, and one 3‑bed/2‑bath (7 beds, 5 baths)
- Three units occupied: one lease through October 1 and two month‑to‑month; one unit currently vacant
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
$27,648
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
8.92%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four rental units include two 1-bedroom units plus larger units, with window A/C and updated cabinetry throughout.
Where is this quadplex located?
The property is located at 622 S Wright Street 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: +/- 3,029 SF quadplex on a 0.28‑acre lot with two‑story residence plus detached home; Four‑unit mix: two 1‑bed/1‑bath units, one 2‑bed/1‑bath, and one 3‑bed/2‑bath (7 beds, 5 baths); Three units occupied: one lease through October 1 and two month‑to‑month; one unit currently vacant
