Duplex with Covered
New
For Sale
$363,500
1-1409 Sw Tennessee Avenue, Lawton, OK 73501
Two planned residences feature open-concept interiors, private bathrooms, and fenced backyards.
Property Size2,300 SF
Price / SF$158.04
Days on Market4
Property Features for 1-1409 Sw Tennessee Avenue
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Residential Income
Building Details
Buildings
1
Listing Agency:
Cadence Real Estate
(405) 633-2661
Listed By:
Kathryn Thompson
(405) 313-8239
Source:
Exprealty
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 2:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cadence Real Estate
Investment Insights
Based on property information with market context.
This 2,300-square-foot duplex is under construction, with two units planned at three bedrooms and two bathrooms each. Covered front porches lead into open-concept interiors with luxury vinyl tile flooring and granite countertops. Each kitchen is designed with a center island and breakfast bar, pantry, and stainless steel appliances. The primary suite includes a walk-in closet and private bathroom with dual sinks and a tiled shower; two additional bedrooms and a second full bathroom with linen storage complete each unit’s layout. Both residences are planned with fully fenced backyards.
Key Highlights
- 2,300 square feet across a duplex with two planned units
- Each unit is planned with 3 bedrooms and 2 bathrooms
- Open‑concept interiors with luxury vinyl tile flooring and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,795
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,900
$255.9K
Cap Rate 7%
$182,786
$182.8K
Cap Rate 9%
$142,167
$142.2K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$20.7K $9.00/SF
− Vacancy
−$2.4K −$1.05/SF
EGI
$18.3K $7.95/SF
− OpEx
−$5.5K −$2.38/SF
NOI
$12.8K $5.56/SF
Area
Comanche County, OK
Vacancy
11.70%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,900
Cap Rate 7%
$182,786
Cap Rate 9%
$142,167
Alternative Uses
Best Use
Multifamily LT 5
$182.8K
$159.9K – $213.3K
NOI $12,795 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$160.9K
$140.8K – $187.7K
NOI $11,264 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$565.6K
$494.9K – $659.9K
NOI $39,592 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Explore this area
Business Placement
Demographics for 73501, OK
19,158
Population
9,216
Households
2.1
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
105.0 sq mi
ZIP Area
182
Density / Sq Mi
$49,061
Median Household Income
$31,399
Median Earnings
$831
Median Rent
$119,400
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 planned residences feature open-concept interiors, private bathrooms, and fenced backyards.
Where is this duplex located?
The property is located at 1-1409 Sw Tennessee Avenue Lawton, OK.
What is the asking price?
The asking price for this property is $363,500.
What are key features of this property?
This property features: 2,300 square feet across a duplex with two planned units; Each unit is planned with 3 bedrooms and 2 bathrooms; Open‑concept interiors with luxury vinyl tile flooring and granite countertops
