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    Modern Duplex Investment Property Title is generated by Realmo AI

    1663 Comice Drive, Newcastle, OK 73065

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    Claim this Listing
    New
    For Sale
    $400,000

    MULTI_FAMILY - Other - Newcastle, OK

    Property size:
    2,584 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $154/SF
    Added:
    Jun 24, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 27 at 1:06 pm

    Property Features for 1663 Comice Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 5
    Parking
    2
    Standard status
    Active
    APN
    1663NONEComice73065
    Size
    2,584 SF
    Lot size
    0.34 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2021
    Floors in Building
    2
    Building materials
    Brick & Frame
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Contact an agent
    Andrew Armstrong
    Andrew Armstrong

    Listing agent Andrew Armstrong

    Listing office PR Agency, LLC 4101 SE 85th St, Oklahoma City, OK

    Listing date Jun 24, 2026

    MLS# 1236314 Listing URL

    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.


    Overview

    This modern duplex offers two separate residential units under one roof, with an open floor plan that emphasizes a centrally located kitchen island. The kitchens include ample counter space and cabinetry, with spacious bedrooms and well-sized bathrooms for a duplex configuration. The property is listed as having tenants already in place, providing an opportunity for an owner to step in with current occupancy. The total property size is 2,584 square feet on a 0.34-acre lot.

    Located at 1663 Comice Drive in Newcastle, Oklahoma (McClain County), the property’s setup is suited to buyers seeking a straightforward duplex format in the Newcastle area. Its residential-income classification and existing tenancy make it especially relevant for investors looking for a property that is already being utilized as housing.

    For tenants, the duplex-style layout can offer more privacy and space than single-family accommodations while maintaining an efficient, open interior plan. For buyers, the presence of existing tenants is a practical consideration when evaluating income-producing residential property, alongside the unit layouts described throughout the home. Schedule a showing to review the interior finishes and confirm current tenant details.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $36.9k $14.28
    − Vacancy −$2.4k −$0.93
    EGI $34.5k $13.35
    − OpEx −$10.4k −$4.01
    NOI $24.2k $9.35
    2,584 SF · lease $14.28/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $345.0K
    $301.9K – $402.5K (±1% cap)
    NOI $24,151 @ 7.0% cap · market cap 6.04%
    Second Best
    Apartment 5plus
    $319.3K
    $279.4K – $372.5K (±1% cap)
    NOI $22,348 @ 7.0% cap · market cap 5.59%
    Theoretical Best
    Specialty Retail
    $624.6K
    $546.5K – $728.7K (±1% cap)
    NOI $43,721 @ 7.0% cap · market cap 10.93%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Newcastle
    County
    McClain
    State
    Oklahoma
    Longitude
    -97.597343
    Latitude
    35.269599

    FAQs

    What type of property is this?
    Duplex - Modern duplex with an open kitchen layout and existing tenants, offering an income-producing residential option in Newcastle.
    Where is this duplex located?
    The property is located at 1663 Comice Drive Newcastle, OK.
    What is the asking price?
    The asking price for this property is $400,000.
    More about this property
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