Duplex with Occupied
1004 N 5th Street #1006, Noble, OK 73068
For Sale
$240,000
Two residential units are leased and include practical storage, including walk-in closet space.
Property Size2,232 SF
Price / SF$107.53
Days on Market52
Property Features for 1004 N 5th Street #1006
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Heather & Company Realty Group
Listed By:
Keli Foster-Nicks · License OK OKC184976
(405) 204-5583
Source:
Hargroverealtygroup
Added: Sep 22
Changed: Nov 3
Last Checked: Nov 10 at 5:39AM
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 Heather & Company Realty Group
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Investment Insights
Based on property information with market context.
This 1980-built duplex contains two residential units, each arranged with two bedrooms and one bathroom. Combined, the property offers four bedrooms and two bathrooms, with storage that includes two closets in each primary bedroom and a walk-in closet in each secondary bedroom. Unit 1004 has newer interior paint and flooring, while both units are currently occupied.
The property is located in the Meadowlake 2 Addition in Noble, near schools, shopping, dining, and everyday amenities. The address includes 1004 N 5th Street and #1006, corresponding to the two-unit configuration.
The property is located in the Meadowlake 2 Addition in Noble, near schools, shopping, dining, and everyday amenities. The address includes 1004 N 5th Street and #1006, corresponding to the two-unit configuration.
Key Highlights
- Two‑unit duplex with four bedrooms and two bathrooms combined
- Each unit offers a 2‑bedroom, 1‑bath layout
- Both units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,489
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,780
$389.8K
Cap Rate 7%
$278,414
$278.4K
Cap Rate 9%
$216,544
$216.5K
Market Conditions
NOI Build-Up for 2,232 SF
Gross rent
$29.5K $13.20/SF
− Vacancy
−$1.6K −$0.73/SF
EGI
$27.8K $12.47/SF
− OpEx
−$8.4K −$3.74/SF
NOI
$19.5K $8.73/SF
Area
Cleveland County, OK
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,780
Cap Rate 7%
$278,414
Cap Rate 9%
$216,544
Alternative Uses
Best Use
Multifamily LT 5
$278.4K
$243.6K – $324.8K
NOI $19,489 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$259.4K
$226.9K – $302.6K
NOI $18,155 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$548.9K
$480.3K – $640.4K
NOI $38,421 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
158
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
$188,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Cleveland County, OK
Properties on Market for Duplexes in Cleveland County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units are leased and include practical storage, including walk-in closet space.
Where is this duplex located?
The property is located at 1004 N 5th Street #1006 Noble, OK.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two‑unit duplex with four bedrooms and two bathrooms combined; Each unit offers a 2‑bedroom, 1‑bath layout; Both units are currently occupied
