New Construction
For Sale
$358,900
1025 N Quincy Avenue, Tulsa, OK 74106
Residential, Craftsman, Tulsa, OK
Property Size2,606 SF
Lot Size0.16 Acres
Price / SF$137.72
Days on Market244
Property Features for 1025 N Quincy Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2
Window features
Vinyl Frames
Patio and Porch features
Porch, Patio
Interior features
9' Ceiling Height, Floored Attic, Smoke Detector
Appliances
Dishwasher, Disposal, Microwave, Range/Oven
Subdivision
Crutchfield addn
Elementary school
Whitman
High school
Central
Elementary school district
Tulsa - Sch Dist (1)
Middle school district
Tulsa - Sch Dist (1)
High school district
Tulsa - Sch Dist (1)
Directions
Take N Utica Ave (heading north) to E Independence Street. Left on E Independence. Head west for about 1/4 mile.
Standard status
Active
Size
2,606 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LT 20 BLK 1
Tax Annual Amount
100
Legal Description
LT 20 BLK 1
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2025
Floors in Building
1
Flooring type
Vinyl, Carpet
Building materials
Wood Frame
Roof type
Fiberglass
Architectural style
Craftsman
Listing Agency:
Realty One Group Dreamers
(539) 367-1555
Listed By:
Joanna Ford · License #147783
(918) 381-2555
Added: Jan 3
Changed: Aug 19
Last Checked: Sep 4 at 7:06AM
MLS# 2600127
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,606-square-foot duplex is under construction and designed with two separate residences, each offering three bedrooms and two full bathrooms. The Craftsman-style wood-frame property includes open connections among the living, dining, and kitchen areas, with vinyl and carpet flooring, 9' ceilings, and floored attic space. Central heating and central air support year-round comfort, while each unit includes a dishwasher, disposal, microwave, and range/oven. Porches and patios provide additional outdoor space.
Set on a 0.161-acre lot at 1025 N Quincy Avenue in Tulsa, Oklahoma, the 2025 property also includes a fiberglass roof, smoke detectors, and cable availability. Its two-unit configuration and consistent floor plans create a straightforward residential income property format, with both sides offering the same bedroom and bathroom count.
Set on a 0.161-acre lot at 1025 N Quincy Avenue in Tulsa, Oklahoma, the 2025 property also includes a fiberglass roof, smoke detectors, and cable availability. Its two-unit configuration and consistent floor plans create a straightforward residential income property format, with both sides offering the same bedroom and bathroom count.
Key Highlights
- Two‑unit duplex under construction with 2,606 square feet
- Each unit includes 3 bedrooms and 2 full baths
- Built in 2025 on a 0.161‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,386
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$507,720
$507.7K
Cap Rate 7%
$362,657
$362.7K
Cap Rate 9%
$282,067
$282.1K
Market Conditions
NOI Build-Up for 2,606 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.0K $15.36/SF
− Vacancy
−$3.8K −$1.44/SF
EGI
$36.3K $13.92/SF
− OpEx
−$10.9K −$4.17/SF
NOI
$25.4K $9.74/SF
Area
Tulsa, OK
Vacancy
9.40%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$507,720
Cap Rate 7%
$362,657
Cap Rate 9%
$282,067
Alternative Uses
Best Use
Multifamily LT 5
$362.7K
$317.3K – $423.1K
NOI $25,386 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$332.1K
$290.6K – $387.4K
NOI $23,245 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$555.8K
$486.3K – $648.5K
NOI $38,907 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Explore this area
Business Placement
Demographics for 74106, OK
16,805
Population
8,341
Households
2
Avg Household Size
35
Median Age
17%
College-Educated
83%
High-School Grad
7.6 sq mi
ZIP Area
2,211
Density / Sq Mi
$37,714
Median Household Income
$31,022
Median Earnings
$816
Median Rent
$98,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units feature open living areas, modern finishes, and durable vinyl flooring.
Where is this duplex located?
The property is located at 1025 N Quincy Avenue Tulsa, OK.
What is the asking price?
The asking price for this property is $358,900.
What are key features of this property?
This property features: Two‑unit duplex under construction with 2,606 square feet; Each unit includes 3 bedrooms and 2 full baths; Built in 2025 on a 0.161‑acre lot
