622 S Wright St, Siloam Springs, AR, 72761
About This Home
Excellent investment opportunity in Siloam Springs featuring +/- 3,029 SF across four rental units with strong income potential. The property includes two 1-bedroom, 1-bath units, one 2-bedroom, 1-bath unit, and one 3-bedroom, 2-bath unit, totaling 7 bedrooms and 5 bathrooms. Three units are currently occupied, with one lease secured through October 1 and two operating month-to-month, while one unit is currently vacant, creating additional upside potential. Current rental rates range from $650 to $1,200/mo. Recent improvements include updated cabinetry in each unit. While the property does not feature central HVAC, all units are equipped with window air conditioning units. The property consists of a two-story residence and a detached home, offering a flexible layout for tenants. Conveniently located just 350' from S Mt. Olive and approx. 0.5 miles from US Hwy-412, the property offers convenient access to shopping, schools, and major transportation, making it an attractive Northwest Arkansas investment opportunity.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1996
Materials
- Foundation: Crawlspace,Slab
- Roof: Architectural,Shingle
- Construction materials: Stucco
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Quadruplex,Multi Family
Interior
Appliances
- Appliances included: Electric Oven,Electric Range,Gas Water Heater,Microwave,Refrigerator
Basement
- Basement: None,Crawl Space
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 5
Features
- None
- Flooring: Carpet,Tile,Vinyl
- Fireplace features: None
Heating & Cooling
- Heating features: Other,Space Heater
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 3,029
- Total interior livable area: 3,029 sqft
Property
Details
- Parcel number: 0301801000
- Special condition: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered,Porch
- Exterior features: Unpaved Driveway
- Fencing: Partial
- Waterfront features: None
Lot
- Lot size: 0.28 Acres
- Features: Central Business District,Corner Lot,City Lot,Level
Parking
- Parking features: On Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Winter Weather
- Heat Wave
- Lightning
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Arkansas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,567 | $18,804 |
| Home Insurance | $219 | $2,628 |
| Property Taxes | $147 | $1,764 |
| Electricity | $219 | $2,632 |
| Total | $2,152 | $25,824 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-19 | Listed for sale | $310,000 |
| 2026-02-14 | Listing removed | $329,900 |
| 2025-08-04 | Price change | $329,900 |
| 2025-05-22 | Price change | $339,900 |
| 2025-02-13 | Listed for sale | $349,900 |
| 2023-09-22 | Listing removed | $315,000 |
| 2023-05-30 | Listed for sale | $315,000 |
| 2016-04-08 | Listing removed | $140,000 |
| 2015-09-09 | Price change | $140,000 |
| 2015-03-11 | Listed for sale | $150,000 |
| 2010-10-16 | Listing removed | $145,000 |
| 2010-10-08 | Listed for sale | $145,000 |
| 2007-12-19 | Sold | $94,000 |
| 2005-12-15 | Sold | $105,000 |
For Sale by Agent
View on Zillow