Updated
For Sale
$245,000
1006-1004 N 5th St, Noble, OK 73068
Both residences are occupied, and Unit 1004 has new interior paint and flooring.
Property Size2,232 SF
Price / SF$109.77
Days on Market17
Property Features for 1006-1004 N 5th St
General Information
Standard status
Active
Size
2,232 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Listing Agency:
Heather & Company Realty Group
(405) 735-1777
Listed By:
Keli Foster-Nicks · License #OKC184976
(405) 204-5583
Source:
Exprealty
Added: Sep 21
Changed: Sep 29
Last Checked: Oct 5 at 9:55PM
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
Investment Insights
Based on property information with market context.
This 2,232-square-foot duplex contains two residences, each arranged with two bedrooms and one bathroom. Together, the property has four bedrooms and two bathrooms. Both units are occupied. Unit 1004 has new interior paint and flooring; the other unit’s condition is not specified.
Located in Noble’s Meadowlake 2 Addition, the property is near schools, shopping, dining, and everyday amenities.
Located in Noble’s Meadowlake 2 Addition, the property is near schools, shopping, dining, and everyday amenities.
Key Highlights
- Two‑unit duplex with 2,232 square feet
- Each unit has 2 bedrooms and 1 bathroom
- Both units are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,861
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,220
$417.2K
Cap Rate 7%
$298,014
$298.0K
Cap Rate 9%
$231,789
$231.8K
Market Conditions
NOI Build-Up for 2,232 SF
Gross rent
$31.9K $14.28/SF
− Vacancy
−$2.1K −$0.93/SF
EGI
$29.8K $13.35/SF
− OpEx
−$8.9K −$4.01/SF
NOI
$20.9K $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 Rate 5%
$417,220
Cap Rate 7%
$298,014
Cap Rate 9%
$231,789
Alternative Uses
Best Use
Multifamily LT 5
$298.0K
$260.8K – $347.7K
NOI $20,861 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$275.8K
$241.3K – $321.7K
NOI $19,304 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$548.9K
$480.3K – $640.4K
NOI $38,421 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, and Unit 1004 has new interior paint and flooring.
Where is this duplex located?
The property is located at 1006-1004 N 5th St Noble, OK.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,232 square feet; Each unit has 2 bedrooms and 1 bathroom; Both units are occupied
