$3,551 Closing Credit¹
#1305356, Listing office: Encompass Real Estate
$339,900 List price
622 S Wright St Siloam Springs, AR 72761
$4,036
Closing credit¹
3,029 sqft
0.3 acres
$112 / sqft
Multi-Family
Property details
About 622 S Wright St
+/- 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.
Highlights
Home typeQuadruplex
HeatingOther, Space Heater(s)
StatusActive
CoolingWindow Unit(s)
Size3,029 sqft
Lot size0.28 Acres
Year built1996
ParkingOn Street, No Driveway
MLS #1301675
Summary
- Appliances: Electric Oven, Electric Range, Gas Water Heater, Microwave, Refrigerator
- Basement: No
- Flooring Type: Carpet, Ceramic Tile, Vinyl
- Interior: Ceiling Fan(s), None
- Fireplace: None
- Parking: On Street, No Driveway
- Waterfront: None
- Exterior: Unpaved Driveway
- Architectural Style: Traditional
- Heating: Other, Space Heater(s)
- Cooling: Window Unit(s)
- List Price: $339,900
- Price/SqFt: $112
- Annual Tax Amount: $1,245
- Tax Year: 2023
- Lot: Business District, Corner Lot, City Lot, Level
- 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.
- Year Built: 1996
- Stories: 2
- Living Area: 3,029 SqFt
- Lot Size: 0.28 Acres
- MLS Number: 1301675
- MLS Name: ARKMLS
- Office Name: Keller Williams Market Pro Realty Bentonville West
- Office Phone: (479) 330-1250
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2025 Northwest Arkansas Board of Realtors All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 1:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$339,900
622 S Wright St
$4,036
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 15, 2023 | Home Sold | $275,000 |
| May 13, 2016 | Home Sold | $123,000 |
| Dec 19, 2007 | Home Sold | $94,000 |
| Dec 15, 2005 | Home Sold | $105,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $32,160 | $1,245 |
| 2022 | $32,160 | $1,149 |
| 2021 | $32,160 | $1,054 |
| 2020 | $16,640 | $958 |
| 2019 | $16,640 | $958 |
| 2018 | $16,640 | $958 |
| 2017 | $16,640 | $958 |
History based on county public records data.
Nearby schools
4
Southside Elementary School
Public District 3-4
0.2 mi
•200 W Tulsa St
6
Gentry Intermediate School
Public District 3-5
6.7 mi
•302 W 2nd St
5
Decatur Northside Elementary School
Public District PK-4
12.7 mi
•9083 Mount Olive Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,044. The majority of Siloam Springs, AR residents have income between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
42%
<35k
44%
35k-100k
13%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
51%
Single, No Kids
10%
Single, with Kids
20%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
7%
12-17 yrs old
23%
18-34 yrs old
36%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Extreme Sports
Pro Wrestling
Where do the neighbors shop?
Kmart
Academy Sports & Outdoors
Stein Mart
Where do the neighbors go to eat?
Bob Evans
Little Caesars
Dominos Pizza
What do the neighbors drive?
Buick
Chevrolet
Ford
What do the neighbors listen to?
Oldies
Country
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 622 S Wright St
The listing price of 622 S Wright St property is $339,900.
The property 622 S Wright St is a multi located in Siloam Springs, Arkansas, 72761.
Active Listing: 622 S Wright St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 622 S Wright St are: Southside Elementary School (GreatSchools Rating 4/10), Gentry Intermediate School (GreatSchools Rating 6/10), Decatur Northside Elementary School (GreatSchools Rating 5/10), Siloam Springs Middle School (GreatSchools Rating 5/10), Siloam Springs Intermediate School (GreatSchools Rating 5/10), Gentry Middle School (GreatSchools Rating 6/10), Siloam Springs High School Conversion Charter (GreatSchools Rating 4/10), Watts High School (GreatSchools Rating 1/10), Gentry High School Conversion Charter (GreatSchools Rating 7/10).
According to the records, the last property tax for 2023 is $1,245 (source: MLS/based on county public records data).
The last sale was on September 15, 2023 for $275,000 (source: MLS/tax record).
The property 622 S Wright St is 3,029 SqFt (source: MLS/tax record).
The year of construction for 622 S Wright St is 1996.
This home is located at 622 S Wright St in Siloam Springs, AR and zip code 72761. This 3,029 square foot home, which was built in 1996, sits on a 0.28 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since March 18, 2025 and is currently priced at $339,900.
While more than 6 listings in Siloam Springs, AR in May 2025 were sold above asking price, there were more than 11 listings sold at asking price, and more than 16 were sold below. Between April and May 2025, Siloam Springs, AR real estate market has seen increase in the number of listings by 6.6%. Listings spent 119 days on the market in May 2025, and had a median list price of $254,933 during the same period.
From Rocket Homes Real Estate and based on county public records data.