Tenant-Occupied
For Sale
$329,900
800 Meghan Street, Siloam Springs, AR 72761
Residential, Siloam Springs, AR
Property Size2,311 SF
Lot Size0.17 Acres
Price / SF$142.75
Days on Market11
Property Features for 800 Meghan Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Parking features
Garage
Window features
Vinyl Frames
Interior features
EatInKitchen
Exterior features
ConcreteDriveway
Fencing
Privacy
Appliances
GasWaterHeater
Subdivision
Fallon Heights Ph 3 Siloam Spgs
Lot features
Cleared, City Lot, Level, Subdivision
Elementary school district
Siloam Springs
Middle school district
Siloam Springs
High school district
Siloam Springs
Directions
From 412 Hwy in Siloam Springs go north to Cheri whitlock take right then south on Hico St right on Meghan St to the property.
Standard status
Active
APN
03-03895-000
Size
2,311 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
PLAT 19-154
Tax Annual Amount
3135
HOA Fee
$250 Annually
Legal Description
PLAT 19-154
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2000
Floors in Building
2
Number of units
2
Flooring type
Laminate, Tile
Building materials
Brick, VinylSiding
Roof type
Asphalt, Shingle
Listing Agency:
eXp Realty NWA Branch
(866) 720-5056
Listed By:
Jose Chevez · License #SA00059543
(479) 659-1104
Added: Sep 17
Last Checked: Sep 27 at 12:06PM
MLS# 1362300
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 2,311-square-foot duplex, built in 2000, contains two residences with matching layouts: each offers 2 bedrooms, 2 baths, and a one-car garage. Interior features include eat-in kitchens, laminate and tile flooring, central heating, and central air conditioning. Gas water heaters serve the units, while brick and vinyl siding form the exterior. A concrete driveway and privacy fencing are also included, with an asphalt shingle roof completing the improvements.
The property occupies 0.17 acres at 800 Meghan Street in Siloam Springs, Arkansas. Both units are currently tenant-occupied, providing an existing residential configuration for an owner evaluating a duplex property.
The property occupies 0.17 acres at 800 Meghan Street in Siloam Springs, Arkansas. Both units are currently tenant-occupied, providing an existing residential configuration for an owner evaluating a duplex property.
Key Highlights
- Two‑unit duplex with 2,311 SF of total property size
- Each unit includes 2 bedrooms, 2 baths, and a one‑car garage
- Currently occupied by tenants
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
$21,094
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
6.39%
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%
$421,880
$421.9K
Cap Rate 7%
$301,343
$301.3K
Cap Rate 9%
$234,378
$234.4K
Market Conditions
NOI Build-Up for 2,311 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
$31.9K $13.80/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$30.1K $13.04/SF
− OpEx
−$9.0K −$3.91/SF
NOI
$21.1K $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%
$421,880
Cap Rate 7%
$301,343
Cap Rate 9%
$234,378
Alternative Uses
Best Use
Multifamily LT 5
$301.3K
$263.7K – $351.6K
NOI $21,094 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$268.9K
$235.3K – $313.7K
NOI $18,822 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$635.1K
$555.7K – $740.9K
NOI $44,456 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
271
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?
Duplex - Two attached residences include private garages and are currently occupied by tenants.
Where is this duplex located?
The property is located at 800 Meghan Street Siloam Springs, AR.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,311 SF of total property size; Each unit includes 2 bedrooms, 2 baths, and a one‑car garage; Currently occupied by tenants
