622 S Wright St

For Sale

622 S Wright St, Siloam Springs, AR 72761

This Siloam Springs property for sale is located at 622 S Wright St. The general use of 622 S Wright St is multi-family and it incorporates 3,029 square feet of class C multi-family space. The current listed sale price for 622 S Wright St is $349,900. 622 S Wright St is situated on a lot that is 0.28 acre in size.

Contacts

broker
Timothy Salmonsen

Salmonsen Group Realtors, Bentonville, AR

Property Details

  • Property Type Multi-Family
  • Property Size 3,029 SF
  • Units 4
  • Lot Size 0.28 Acre
  • Building Class C
  • Year Built 1996
  • Date Updated Mar 3, 2025
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.+/- 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.
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Highlights

  • +/- 9% Cap Rate
  • 4 Units Fully Occupied
  • Rental Rates Range from $600 to $1,100/mo
  • Cabinets Recently Replaced in Each Unit

Getting around

  • 75/100

    Walk Score ®

  • 57/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Siloam Springs, AR
  • Neighborhood Siloam Springs
  • Zip Code 72761

Points of Interest

  • Citgo

    0.46 miles

  • Phillips 66

    0.48 miles

  • Walmart

    0.86 miles

  • Casey's General Store

    1.55 miles

  • Northeast Cherokee Casino Parking

    1.41 miles

  • South Cherokee Casino Parking

    1.43 miles

  • North Cherokee Casino Parking

    1.44 miles

  • West Cherokee Casino Parking

    1.51 miles

  • Far North Cherokee Casino Parking

    1.52 miles

  • Southwest Cherokee Casino Parking

    1.52 miles

  • Northwest Cherokee Casino Parking

    1.53 miles

  • Crown Hotel

    0.47 miles

  • Stone Inns

    0.70 miles

  • Quality Inn

    0.77 miles

  • America's Best Value Inn and Suites

    1.01 miles

  • Holiday Inn Express

    1.17 miles

  • Super 7 Inn

    1.25 miles

  • Budget Inn & Suites

    1.45 miles

  • Hampton Inn

    1.46 miles

  • Harps

    0.40 miles

  • Time Square

    0.41 miles

  • Plaza One

    0.65 miles

  • Spring Creek Plaza

    0.74 miles

  • Walmart Neighborhood Market

    0.88 miles

  • ALDI

    1.65 miles

  • Walmart Supercenter

    1.68 miles

  • Shoppes at Siloam

    1.73 miles

  • Grand Plaza

    2.10 miles

  • Harps Grocery Store

    6.89 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Timothy Salmonsen

Salmonsen Group Realtors, Bentonville, AR

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