+/- 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 5 bathrooms. 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. The property 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.
For sale
Price cut: $10K (8/4)
$329,900
622 S Wright St, Siloam Springs, AR 72761
7beds
3,029sqft
Est.:
Single Family Residence
Built in 1996
0.28 Acres Lot
$-- Zestimate®
$109/sqft
$-- HOA
What's special
Two-story homeDetached home
- 193 days
- on Zillow |
- 299 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 07:47am
Listed by:
Salmonsen Group Realtors 479-330-1250,
Keller Williams Market Pro Realty Bentonville West 479-231-1355
Source: ArkansasOne MLS,MLS#: 1298519
Originating MLS: Northwest Arkansas Board of REALTORS MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Other, Space Heater
Cooling
- Window Unit(s)
Appliances
- Included: Electric Oven, Electric Range, Gas Water Heater, Microwave, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup
Features
- Ceiling Fan(s), None
- Flooring: Carpet, Ceramic Tile, Vinyl
- Basement: None,Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 3,029
- Total interior livable area: 3,029 sqft
Video & virtual tour
Property
Parking
- Parking features: No Driveway
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Porch
- Exterior features: Unpaved Driveway
- Fencing: Partial
- Waterfront features: None
Lot
- Size: 0.28 Acres
- Features: Central Business District, Corner Lot, City Lot, Level
Details
- Additional structures: Guest House
- Parcel number: 0301801000
- Zoning description: Residential
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Crawlspace, Slab
- Roof: Architectural,Shingle
Condition
- New construction: No
- Year built: 1996
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Cranes Add-Siloam Springs
Location
- Region: Siloam Springs
Financial & listing details
- Price per square foot: $109/sqft
- Tax assessed value: $262,120
- Annual tax amount: $2,942
- Date on market: 2/13/2025
- Road surface type: Paved
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