Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Unique Stone Exterior Multi-Unit Property Title is generated by Realmo AI

    1409 Washington Ave, Woodward, OK 73801

    View on Map
    Claim this Listing
    For Sale
    $65,000

    Multi-Unit (2-4) - Woodward, OK

    Property size:
    1,144 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $56/SF
    Added:
    Dec 15, 2025
    Days on Market:
    169
    Last Refresh:
    Jun 2 at 5:06 pm

    Property Features for 1409 Washington Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Living Room
    Parking features
    Garage
    Appliances
    Refrigerator
    Standard status
    Active
    APN
    000000-000.000-0003-001.000
    Size
    1,144 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)

    Building Details

    Year built
    1948
    Year renovated
    1948
    Flooring type
    Hardwood, Linoleum
    Building materials
    Stone
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Kenton Baird
    Kenton Baird

    Listing agent Kenton Baird

    Listing office Northwest Real Estate LLC 1222 Main ST Woodward Oklahoma, Woodward, OK

    Listing date Dec 15, 2025

    MLS# 11618963 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Potential for rental income to offset mortgage costs.
    • Unique stone exterior and historic significance (former army barrack).
    • One unit is move‑in ready.
    • New vinyl windows in one unit.
    • Mini split and PTAC system for year‑round climate control.
    • Electrical upgrades in one unit (new 200 Amp breaker).

    Overview

    This multi-unit property, formerly an army barrack, features a unique stone exterior and offers the opportunity to live in one unit while renting out the other. One unit is move-in ready, while the other requires some TLC. The building is structurally sound. One of the units has new vinyl windows. A mini-split and PTAC system provides climate control throughout the year. Some new electrical work has been completed in the other unit, including the installation of a new 200 Amp breaker. With some plumbing work, this unit will be ready to lease. A door could be added between the two units to create a 2 or possibly 3-bedroom configuration. The property offers the potential to own for less than renting and generate income. The property is located in Woodward, OK, and has a lot size of 0.1 acres. The property size is 1144 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woodward
    County
    Woodward
    State
    Oklahoma
    Longitude
    -99.397793
    Latitude
    36.441555

    Nearby Similar for Sale

    • $800,000
      3,600 SF

      Woodward Industrial/Commercial Property on Acres

      Industrial/Commercial property featuring multiple buildings on 9.6 acres in Woodward.
      39682 S County Road 196, Woodward, OK 73801-0000
      View Details
    • $525,000
      5,600 SF

      Oklahoma Avenue Commercial Development Opportunity

      Income-producing property with high visibility and development potential.
      2314 Oklahoma Ave, Woodward, OK 73801-9999
      View Details
    • $4,000,000
      15,450 SF

      Medical Office Investment Opportunity

      Four commercial medical office properties with stable, long-term income.
      1611 Main, 1101 Hillcrest, 1601 Main, 1818 Kansas, Woodward, OK 73801-0000
      View Details
    • $600,000

      Woodward, OK Commercial Opportunity

      Successful restaurant business and real estate for sale in Woodward.
      1223 Main St, Woodward, OK 73801-0000
      View Details
    • $175,000
      4,086 SF

      Established Woodward Bar and Venue

      Turnkey bar and entertainment venue in Woodward, Oklahoma for sale.
      523 Main St, Woodward, OK 73801
      View Details
    • $1,092,000

      High-Visibility Commercial Property on Oklahoma Avenue

      Commercial property with high visibility and multiple buildings in Woodward, OK.
      2424 Oklahoma Ave, Woodward, OK 73801
      View Details
    • $300,000
      4,000 SF

      Woodward Warehouse on High-Traffic Avenue

      4,000 sq ft warehouse with excellent visibility and income potential.
      3923 Oklahoma Ave, Woodward, OK 73801-0000
      View Details
    • $585,000
      2,900 SF

      Woodward OK Commercial Property

      High-traffic commercial property suitable for various business uses.
      2224 8th St, Woodward, OK 73801-0000
      View Details
    • $492,000

      High-Visibility Commercial Property, Woodward OK

      Commercial property with high visibility and Oklahoma Avenue frontage.
      2424 Oklahoma Ave, Woodward, OK 73801-9999
      View Details
    • $200,000
      2,352 SF

      Woodward Office/Flex Space For Sale

      Office and flex space with recent upgrades in Woodward, OK.
      5324 Oklahoma Ave, Woodward, OK 73801
      View Details
    • $300,000

      Ready Commercial Building in Woodward

      High-visibility commercial building with shop and fenced storage in Woodward.
      2421 Texas Ave, Woodward, OK 73801-9999
      View Details
    • $150,000

      Freestanding Woodward Main Street Property

      Freestanding commercial property on Main Street with private parking.
      1414 Main Street, Woodward, OK 73801
      View Details

    FAQs

    What type of property is this?
    Duplex - Multi-unit property with historical significance and income potential.
    Where is this duplex located?
    The property is located at 1409 Washington Ave Woodward, OK.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Potential for rental income to offset mortgage costs.; Unique stone exterior and historic significance (former army barrack).; One unit is move‑in ready.
    (580) 256-7055
    We can help!
    Listing Contact
    Kenton Baird
    Kenton Baird
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1409 Washington Ave, Woodward, OK 73801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!