Four-Unit
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 Market139
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
Bedroom 1, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 7, Bathroom 4, Bathroom 1, Bathroom 5
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
Tile, Carpet, Vinyl
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: Sep 12
Last Checked: Oct 4 at 6:06PM
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.
Built in 1996, this quadplex includes approximately 3,029 square feet across a two-story residence and a separate detached home. The four-unit configuration comprises two one-bedroom, one-bath units, one two-bedroom, one-bath unit, and one three-bedroom, two-bath unit, totaling seven bedrooms and five bathrooms. Each unit has updated cabinetry, while cooling is provided by window units rather than central HVAC. Additional features include vinyl, carpet, and tile flooring, porches, shingle roofing, public water, and on-street parking.
The property occupies 0.28 acres at 622 S Wright Street in Siloam Springs, approximately 350 feet from S Mt. Olive and about 0.5 miles from US Hwy-412. Three units are occupied, including one lease extending through October 1 and two month-to-month arrangements; the fourth unit is vacant. The location provides access to shopping, schools, and regional transportation routes.
The property occupies 0.28 acres at 622 S Wright Street in Siloam Springs, approximately 350 feet from S Mt. Olive and about 0.5 miles from US Hwy-412. Three units are occupied, including one lease extending through October 1 and two month-to-month arrangements; the fourth unit is vacant. The location provides access to shopping, schools, and regional transportation routes.
Key Highlights
- 3,029 SF quadplex on a 0.28‑acre parcel
- Four units totaling 7 bedrooms and 5 bathrooms
- Unit mix includes two 1‑bedroom, 1‑bath units, one 2‑bedroom, 1‑bath unit, and one 3‑bedroom, 2‑bath unit
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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two buildings contain a varied unit mix with updated cabinetry, window air conditioning, and on-street parking.
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 parcel; Four units totaling 7 bedrooms and 5 bathrooms; Unit mix includes two 1‑bedroom, 1‑bath units, one 2‑bedroom, 1‑bath unit, and one 3‑bedroom, 2‑bath unit
