Brand-New Duplex with
For Sale
$363,500
1-1411 Sw Bishop Rd, Lawton, OK 73501
Two complete residences offer modern finishes, private outdoor areas, and included appliances.
Property Size2,300 SF
Price / SF$158.04
Days on Market219
Property Features for 1-1411 Sw Bishop Rd
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
covered front porch
luxury vinyl tile flooring
granite countertops
breakfast bar
pantry
walk-in closet
private bathroom with dual vanities and tiled shower
fenced backyard
2" white faux wood blinds
refrigerator
washer
dryer
Listing Agency:
Cadence Real Estate
(405) 633-2661
Listed By:
Kathryn Thompson
(405) 313-8239
Source:
Exprealty
Added: Apr 2
Changed: Nov 6
Last Checked: Nov 4 at 2:27PM
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
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Investment Insights
Based on property information with market context.
Completed as a new duplex, the property contains two residences with matching three-bedroom, two-bath layouts. Each side features an open living and kitchen arrangement, luxury vinyl tile flooring, granite countertops, a breakfast bar, pantry, and major appliances. Primary suites include walk-in closets and private baths with dual vanities and tiled showers. Additional features include linen storage, covered front porches, fenced backyards, white faux wood blinds, refrigerators, washers, and dryers.
Located at 1-1411 SW Bishop Rd in Lawton, Oklahoma, the property provides two separately arranged homes with practical residential finishes and dedicated outdoor space. Both units include two additional bedrooms that can serve as sleeping quarters, guest space, or office areas.
Located at 1-1411 SW Bishop Rd in Lawton, Oklahoma, the property provides two separately arranged homes with practical residential finishes and dedicated outdoor space. Both units include two additional bedrooms that can serve as sleeping quarters, guest space, or office areas.
Key Highlights
- Two‑unit duplex with a 3‑bedroom, 2‑bath layout on each side
- Brand‑new construction with open living and kitchen areas
- Granite countertops, breakfast bars, pantries, and major appliances in both units
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
67
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
Frequently Asked Questions
What type of property is this?
Duplex - Two complete residences offer modern finishes, private outdoor areas, and included appliances.
Where is this duplex located?
The property is located at 1-1411 Sw Bishop Rd 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: Two‑unit duplex with a 3‑bedroom, 2‑bath layout on each side; Brand‑new construction with open living and kitchen areas; Granite countertops, breakfast bars, pantries, and major appliances in both units
