Three-Bedroom
For Sale
$358,000
1-2123 Sw Mckinley Ave, Lawton, OK 73501
Both residences are leased and feature open living areas with granite kitchens and fenced outdoor space.
Property Size2,300 SF
Price / SF$155.65
Days on Market58
Property Features for 1-2123 Sw Mckinley Ave
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Buildings
1
Listing Agency:
Cadence Real Estate
(405) 633-2661
Listed By:
Kathryn Thompson
(405) 313-8239
Source:
Exprealty
Added: Sep 10
Changed: Oct 30
Last Checked: Nov 4 at 6:58PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This newly built duplex contains two residences, each with 3 bedrooms and 2 bathrooms, within 2,300 SF. Interior features include luxury vinyl tile flooring, granite countertops, a kitchen island with breakfast bar, pantry, and stainless steel appliances. Each layout also includes a primary suite with a walk-in closet and private bath, plus two additional bedrooms and a second full bath. The property has covered front porches and fully fenced backyards.
Key Highlights
- Fully leased duplex with two 3‑bedroom, 2‑bathroom residences
- 2,300 SF total property size
- Newly built with granite countertops, stainless steel appliances, and luxury vinyl tile flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,795
Cap Rate
3.57%
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 3.57%
Second Best
Apartment 5plus
$160.9K
$140.8K – $187.7K
NOI $11,264 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$565.6K
$494.9K – $659.9K
NOI $39,592 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
343
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 - Both residences are leased and feature open living areas with granite kitchens and fenced outdoor space.
Where is this duplex located?
The property is located at 1-2123 Sw Mckinley Ave Lawton, OK.
What is the asking price?
The asking price for this property is $358,000.
What are key features of this property?
This property features: Fully leased duplex with two 3‑bedroom, 2‑bathroom residences; 2,300 SF total property size; Newly built with granite countertops, stainless steel appliances, and luxury vinyl tile flooring
