Brick Duplex with New
For Sale
$359,000
404 N Willowood Drive, Yukon, OK 73099
Residential Income, Yukon, OK
Property Size2,784 SF
Lot Size0.15 Acres
Price / SF$128.95
Days on Market47
Property Features for 404 N Willowood Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 4, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5
Parking
4
Fireplace
1
Appliances
Dishwasher, Disposal, Microwave, Water Heater
Lot features
Interior Lot
Elementary school
Mustang Creek ES
Middle school
Meadow Brook Intermediate School,Mustang Central
High school
Mustang HS
Elementary school district
Mustang
Middle school district
Mustang
High school district
Mustang
Directions
This duplex is just south of I-40 between Czech Hall and Mustang Rd.
Standard status
Active
APN
404NWillowood404&40673099
Size
2,784 SF
Lot size
0.15 Acres
Taxes and HOA fees
HOA Fee
$1,000 Annually
Utilities
Heating system
Natural Gas
Cooling system
Electric
Amenities
community pool
secure oversized vehicle and boat parking
Building Details
Year built
2003
Floors in Building
1
Building materials
Brick, Masonry Vaneer
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Keller Williams Realty Elite
(405) 948-7500
Listed By:
Michelle Mclaughlin
(405) 406-9378
Added: Jul 14
Changed: Aug 29
Last Checked: Aug 29 at 1:06PM
MLS# 1236474
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 2003 ranch-style duplex contains 2,784 square feet across two residential units, with each unit offering 3 bedrooms, 2 bathrooms, and a 2-car garage. Brick masonry veneer construction, composition roofing, natural-gas heat, electric cooling, and fireplaces serve the property. Interior finishes vary by unit, including tile, vinyl plank, carpet, granite countertops, and stainless appliances. The roof is new, while the perimeter fence was replaced in 2024 and exterior paint was completed in 2023.
Located at 404 N Willowood Drive in Yukon, the property provides access to I-40, Mustang Road, and Czech Hall Road, with restaurants and shopping nearby. A secured area accommodates oversized vehicles and boats. Community association services include front-yard maintenance and access to a pool. Refrigerators and washers and dryers in the units belong to the tenants.
Located at 404 N Willowood Drive in Yukon, the property provides access to I-40, Mustang Road, and Czech Hall Road, with restaurants and shopping nearby. A secured area accommodates oversized vehicles and boats. Community association services include front-yard maintenance and access to a pool. Refrigerators and washers and dryers in the units belong to the tenants.
Key Highlights
- 2,784‑square‑foot duplex with two 3‑bedroom, 2‑bathroom units
- Each unit includes a 2‑car garage
- Brand‑new roof on a 2003 brick masonry veneer property
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
$18,089
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
5.04%
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%
$361,780
$361.8K
Cap Rate 7%
$258,414
$258.4K
Cap Rate 9%
$200,989
$201.0K
Market Conditions
NOI Build-Up for 2,784 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
$28.4K $10.20/SF
− Vacancy
−$2.6K −$0.92/SF
EGI
$25.8K $9.28/SF
− OpEx
−$7.8K −$2.78/SF
NOI
$18.1K $6.50/SF
Area
Canadian County, OK
Vacancy
9.00%
Lease Rate
$10.20 /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%
$361,780
Cap Rate 7%
$258,414
Cap Rate 9%
$200,989
Alternative Uses
Best Use
Multifamily LT 5
$258.4K
$226.1K – $301.5K
NOI $18,089 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$217.3K
$190.2K – $253.6K
NOI $15,214 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$606.2K
$530.4K – $707.2K
NOI $42,433 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Explore this area
Business Placement
Demographics for 73099, OK
83,213
Population
32,654
Households
2.5
Avg Household Size
35
Median Age
35%
College-Educated
94%
High-School Grad
124.7 sq mi
ZIP Area
667
Density / Sq Mi
$86,198
Median Household Income
$46,490
Median Earnings
$1,255
Median Rent
$229,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature granite countertops, garage parking, and designated storage for oversized vehicles and boats.
Where is this duplex located?
The property is located at 404 N Willowood Drive Yukon, OK.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 2,784‑square‑foot duplex with two 3‑bedroom, 2‑bathroom units; Each unit includes a 2‑car garage; Brand‑new roof on a 2003 brick masonry veneer property
