Half-Duplex Income
For Sale
$150,000
124 Vinita Drive, Norman, OK 73071
Residential, Norman, OK
Property Size1,064 SF
Lot Size0.09 Acres
Price / SF$140.98
Days on Market69
Property Features for 124 Vinita Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
Lot features
Interior Lot
Elementary school
Washington ES
Middle school
Irving MS
High school
Norman HS
Elementary school district
Norman
Middle school district
Norman
High school district
Norman
Directions
From 12th Ave SE and Alameda, East to Crestland, North to Southcrest, West to Vinita, North to home.
Standard status
Active
APN
124NONEVinita73071
Size
1,064 SF
Lot size
0.09 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric, Central Air
Building Details
Year built
1981
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
Realty Experts Inc
(405) 703-2255
Listed By:
Randy Tarlton
(405) 417-7070
Added: Jul 30
Changed: Sep 13
Last Checked: Oct 6 at 5:06AM
MLS# 1242029
Copyright © 2026 MLSOK, 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 half-duplex income property in Norman, Oklahoma, provides 1064 square feet with 2 bedrooms and 2 bathrooms. Built in 1981, the residence features brick construction, a composition roof, natural gas heating, and electric central air conditioning.
The property is located near the University of Oklahoma and nearby restaurants. Its 0.09-acre parcel adds a defined residential setting for this income-oriented asset.
The property is located near the University of Oklahoma and nearby restaurants. Its 0.09-acre parcel adds a defined residential setting for this income-oriented asset.
Key Highlights
- Half‑duplex with 1064 square feet of living area
- 2 bedrooms and 2 bathrooms
- 0.09‑acre parcel in Norman, OK
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,864
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,280
$177.3K
Cap Rate 7%
$126,629
$126.6K
Cap Rate 9%
$98,489
$98.5K
Market Conditions
NOI Build-Up for 1,064 SF
Gross rent
$17.2K $16.20/SF
− Vacancy
−$1.1K −$1.05/SF
EGI
$16.1K $15.15/SF
− OpEx
−$7.3K −$6.82/SF
NOI
$8.9K $8.33/SF
Area
Norman, OK
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,280
Cap Rate 7%
$126,629
Cap Rate 9%
$98,489
Alternative Uses
Best Use
Apartment 5plus
$126.6K
$110.8K – $147.7K
NOI $8,864 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$183.9K
$160.9K – $214.5K
NOI $12,870 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Explore this area
Business Placement
Demographics for 73071, OK
43,379
Population
19,192
Households
2.3
Avg Household Size
31
Median Age
42%
College-Educated
94%
High-School Grad
23.3 sq mi
ZIP Area
1,862
Density / Sq Mi
$59,258
Median Household Income
$32,830
Median Earnings
$1,059
Median Rent
$206,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath layout with brick construction and central air conditioning.
Where is this residential income property located?
The property is located at 124 Vinita Drive Norman, OK.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Half‑duplex with 1064 square feet of living area; 2 bedrooms and 2 bathrooms; 0.09‑acre parcel in Norman, OK
