$339,900
$10K PRICE DROP

622 S Wright St Siloam Springs, AR 72761

Estimated payment $2,126/month

Total Views 25,222
-- Bed
-- Bath
3,029 Sq Ft
$112 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Covered patio or porch
  • Ceramic Tile Flooring
  • Corner Lot
  • Window Unit Cooling System
  • Ceiling Fan

About This Home

+/- 9% cap rate on actual financials! This excellent investment opportunity in Siloam Springs features a+/- 3,029 SF property with four fully occupied rental units. The property includes a mix of unit sizes: two 1-bed, 1-bath units, one 2-bed,1-bath unit, and one 3-bed, 2-bath unit, totaling 7 bedrooms and 5bathrooms. Three of the units have contracted leases, while one operates on a month-to-month basis, with rental rates ranging from $600 to $1,100/mo. Each unit's cabinets have recently been replaced. Theproperty does not feature central air, each unit is equipped with a window unit. The property consists of a two-story home and a detached home. Conveniently located just 350 feet from S Mt. Olive St. and only 0.5 miles from US. Highway 412 and Harps Food Stores, this property provides easy access to local amenities and major roadways, making it an attractive option for investors.

Listing Agent

Salmonsen Group

Keller Williams Market Pro Realty Bentonville West Brokerage Phone: 479-330-1250 Listed on: 03/18/2025

Keller Williams Market Pro Realty Bentonville West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,942

Year Built

  • Built in 1996

Lot Details

  • 0.28 Acre Lot
  • Partially Fenced Property
  • Corner Lot
  • Level Lot

Home Design

  • Quadruplex
  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Architectural Shingle Roof
  • Stucco

Interior Spaces

  • 3,029 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • No Driveway
  • On-Street Parking

Utilities

  • Window Unit Cooling System
  • Space Heater
  • Gas Water Heater

Additional Features

  • Covered patio or porch
  • City Lot

Listing and Financial Details

  • Legal Lot and Block 12,13 / 7

Community Details

Overview

  • 4 Units
  • Cranes Add Siloam Springs Subdivision

Building Details

  • Gross Income $39,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,942

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.28
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Subdivision Name: CRANES ADD-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.
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: 25 Years or older
  • Year Built: 1996
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Quadruplex,Multi Family
  • ResoBuildingAreaSource: Owner
  • Attribution Contact: 479-330-1250
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1996

Interior Features

  • Appliances: Electric Oven, Electric Range, Gas Water Heater, Microwave, Refrigerator
  • Has Basement: None, Crawl Space
  • Basement YN: No
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Interior Amenities: Ceiling Fan(s), None
  • Living Area: 3029.0
  • ResoLivingAreaSource: Owner

Exterior Features

  • Fencing: Partial
  • Lot Features: Central Business District, Corner Lot, City Lot, Level
  • Waterfront Features: None
  • Construction Type: Stucco
  • Exterior Features: Unpaved Driveway
  • Foundation Details: Crawlspace, Slab
  • Patio And Porch Features: Covered, Porch
  • Roof: Architectural, Shingle

Garage/Parking

  • Parking Features: On Street, No Driveway

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other, Space Heater
  • Heating Yn: Yes
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association #2 Fee Frequency: Monthly

Schools

  • Junior High Dist: Siloam Springs

Lot Info

  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 39600.0

Tax Info

  • Tax Annual Amount: 2942.0
  • Tax Block: 7
  • Tax Lot: 12,13

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2025 05/22/25 Price Changed $339,900 -2.9% $112 / Sq Ft
02/13/2025 02/13/25 For Sale $349,900 -- $116 / Sq Ft
Source: Northwest Arkansas Board of REALTORS®

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1301675

Northwest Arkansas Board of REALTORS®

APN: 03-01801-000

Arkansas Benton County Siloam Springs 72761

622 S Wright St, Siloam Springs, AR

This home is located at 622 S Wright St, Siloam Springs, AR 72761 and is currently priced at $339,900, approximately $112 per square foot. This property was built in 1996. 622 S Wright St is a home located in Benton County with nearby schools including Northside Elementary School, Southside Elementary School, and Delbert Pete & Pat Allen Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Arkansas Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Salmonsen Group
Listing Agent
Salmonsen Group
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Keller Williams Market Pro Realty Bentonville West
(479) 315-5632