Duplex Property with Private
For Sale
$200,000
Pending
1004 Acacia Circle, Noble, OK 73068
Residential Income, Noble, OK
Property Size1,936 SF
Lot Size0.19 Acres
Days on Market48
Property Features for 1004 Acacia Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2
Lot features
Interior Lot
Elementary school
Katherine I. Daily ES
Middle school
Curtis Inge MS
High school
Noble HS
Elementary school district
Noble
Middle school district
Noble
High school district
Noble
Standard status
Pending
APN
1004NONEAcacia73068
Size
1,936 SF
Lot size
0.19 Acres
Amenities
inside utility room
dishwasher
stove
oven
private backyard
Building Details
Year built
1980
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
LRE Realty, LLC
(405) 285-5750
Listed By:
Tara Levinson · License #145328
(405) 414-8750
Added: Jul 23
Changed: Sep 5
Last Checked: Sep 8 at 3:06AM
MLS# 1240609
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 duplex contains 1,936 square feet across two residences, with each unit offering 2 bedrooms, 1 full bathroom, a living area, an inside utility room, and a full kitchen. Kitchen equipment includes a dishwasher, freestanding stove, and oven. Separate backyard areas accompany the units, while brick and frame construction, a composition roof, and a 1980 construction date complete the primary building profile.
The property sits on a 0.19-acre parcel at 1004 Acacia Circle in Noble, Oklahoma. Both units are currently occupied. Property access for showings is restricted until an accepted contract is in place.
The property sits on a 0.19-acre parcel at 1004 Acacia Circle in Noble, Oklahoma. Both units are currently occupied. Property access for showings is restricted until an accepted contract is in place.
Key Highlights
- 1,936‑square‑foot duplex with two residential units
- Each unit includes 2 bedrooms and 1 full bathroom
- Separate kitchens feature dishwashers, freestanding stoves, and ovens
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
$18,094
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
9.05%
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%
$361,880
$361.9K
Cap Rate 7%
$258,486
$258.5K
Cap Rate 9%
$201,044
$201.0K
Market Conditions
NOI Build-Up for 1,936 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
$27.6K $14.28/SF
− Vacancy
−$1.8K −$0.93/SF
EGI
$25.8K $13.35/SF
− OpEx
−$7.8K −$4.01/SF
NOI
$18.1K $9.35/SF
Area
Cleveland County, OK
Vacancy
6.50%
Lease Rate
$14.28 /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%
$361,880
Cap Rate 7%
$258,486
Cap Rate 9%
$201,044
Alternative Uses
Best Use
Multifamily LT 5
$258.5K
$226.2K – $301.6K
NOI $18,094 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$239.2K
$209.3K – $279.1K
NOI $16,744 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$476.1K
$416.6K – $555.4K
NOI $33,326 @ 7.0% cap · market cap 16.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
Explore this area
Business Placement
Demographics for 73068, OK
12,368
Population
5,115
Households
2.4
Avg Household Size
38
Median Age
22%
College-Educated
88%
High-School Grad
64.5 sq mi
ZIP Area
192
Density / Sq Mi
$78,727
Median Household Income
$43,050
Median Earnings
$958
Median Rent
$188,800
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 - Occupied two-unit property with separate kitchens, utility rooms, and outdoor areas for each residence.
Where is this duplex located?
The property is located at 1004 Acacia Circle Noble, OK.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,936‑square‑foot duplex with two residential units; Each unit includes 2 bedrooms and 1 full bathroom; Separate kitchens feature dishwashers, freestanding stoves, and ovens
