Single-Family Residence with Geothermal
3844 Apex Court Norman, OK 73072
3844 Apex Court, Norman, OK, 73072
$259,000
For Sale
$259,000
SINGLE_FAMILY - Other - Norman, OK
Property Size2,069 SF
Lot Size0.08 Acres
Price / SF$125.18
Days on Market51
Property Features for 3844 Apex Court
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2
- Patio and Porch features
- Porch, Patio
- Interior features
- Ceiling Fan(s), Laundry Room, Stained Wood
- Exterior features
- Covered Porch, Patio - Open
- Fireplace
- 1
- Appliances
- Dishwasher
- Standard status
- Active
- APN
- 3844NONEApex73072
- Size
- 2,069 SF
- Lot size
- 0.08 Acres
Utilities
- Heating system
- Geothermal (Heating)
- Cooling system
- Geothermal
Building Details
- Year built
- 1983
- Flooring type
- Wood
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Other
Listing agency
McGraw Davisson Stewart (BO)
(405) 735-3977
Listed by
Lara Elliott
(405) 820-9013
Added: Jun 1 Updated: Jul 17 at 6:45PM Checked: Jul 21 at 6:06PM
MLS# 1232100
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Investment Insights
Based on property information with market context.
3844 Apex Court is a well-maintained single-family home offering 2,069 square feet of living space. The residence features hand-scraped wood flooring, tall ceilings, and an open, airy layout. The kitchen includes granite countertops, and the primary bedroom is located downstairs.
Additional efficiency benefits include owned solar panels along with geothermal heating and cooling, designed to provide consistent year-round temperatures. The home is situated in Norman, Oklahoma, in west Norman, with approximately 10 minutes to the University of Oklahoma campus.
Set on a 0.079-acre lot, this property combines everyday comfort with energy-focused systems, including geothermal HVAC and owned solar.
Additional efficiency benefits include owned solar panels along with geothermal heating and cooling, designed to provide consistent year-round temperatures. The home is situated in Norman, Oklahoma, in west Norman, with approximately 10 minutes to the University of Oklahoma campus.
Set on a 0.079-acre lot, this property combines everyday comfort with energy-focused systems, including geothermal HVAC and owned solar.
Key Highlights
- 2,069 SF home built in 1983 in Norman
- Owned solar panels plus geothermal heating and cooling for energy‑efficient operation
- Open living layout with hand‑scraped wood flooring and tall ceilings
Local Financial Insights For Apartment 5plus
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 | $33.5k | $16.20 |
| − Vacancy | −$2.2k | −$1.05 |
| EGI | $31.3k | $15.15 |
| − OpEx | −$14.1k | −$6.82 |
| NOI | $17.2k | $8.33 |
2,069 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$246.2K
$215.5K – $287.3K
NOI $17,237 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$357.5K
$312.8K – $417.1K
NOI $25,027 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Well-maintained home offers owned solar panels and geothermal heating and cooling for efficient, comfortable living.
Where is this single family property located?
The property is located at 3844 Apex Court Norman, OK.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 2,069 SF home built in 1983 in Norman; Owned solar panels plus geothermal heating and cooling for energy‑efficient operation; Open living layout with hand‑scraped wood flooring and tall ceilings
