Duplex With Flexible
For Sale
$199,000
1017 Acacia Circle #1019, Noble, OK 73068
Two-bedroom residences provide separate access, individual utilities, and a mix of vacant and month-to-month tenancy.
Property Size1,936 SF
Days on Market51
Property Features for 1017 Acacia Circle #1019
General Information
Standard status
Active
Size
1,936 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,082
Building Details
Building Size
1,936 SF
Year Built
1980
Stories
1
Units
2
Tenancy
Single
Listing Agency:
Platinum Realty LLC
(405) 863-0328
Listed By:
Darla Lea
(405) 863-0328
Source:
Jarmanrealtyok
Added: Jun 16
Changed: Aug 4
Last Checked: Aug 5 at 1:36PM
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 Platinum Realty LLC
Investment Insights
Based on property information with market context.
This 1980 duplex contains two separate residences, each arranged with 2 bedrooms and 1 bath. Both units include a living room, kitchen with cabinet storage, and separate entry. Individual utilities serve each side, while off-street parking and a low-maintenance exterior support straightforward upkeep.
One unit is vacant and available for occupancy or leasing, while the other is occupied under a month-to-month arrangement. The property is located in Noble near schools, shopping, dining, and major commuter routes, with access toward the Oklahoma City metro. Its combination of separate living spaces and flexible occupancy supports either continued rental use or an owner-occupant arrangement.
One unit is vacant and available for occupancy or leasing, while the other is occupied under a month-to-month arrangement. The property is located in Noble near schools, shopping, dining, and major commuter routes, with access toward the Oklahoma City metro. Its combination of separate living spaces and flexible occupancy supports either continued rental use or an owner-occupant arrangement.
Key Highlights
- Two‑unit duplex with matching 2‑bedroom, 1‑bath layouts
- One unit vacant; the other occupied under a month‑to‑month agreement
- Separate entrances and individual utilities for each residence
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.6k | $14.28 |
| − Vacancy | −$1.8k | −$0.93 |
| EGI | $25.8k | $13.35 |
| − OpEx | −$7.8k | −$4.01 |
| NOI | $18.1k | $9.35 |
1,936 SF · lease $14.28/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$258.5K
$226.2K – $301.6K
NOI $18,094 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$239.2K
$209.3K – $279.1K
NOI $16,744 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$476.1K
$416.6K – $555.4K
NOI $33,326 @ 7.0% cap · market cap 16.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
140
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 - Two-bedroom residences provide separate access, individual utilities, and a mix of vacant and month-to-month tenancy.
Where is this duplex located?
The property is located at 1017 Acacia Circle #1019 Noble, OK.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two‑unit duplex with matching 2‑bedroom, 1‑bath layouts; One unit vacant; the other occupied under a month‑to‑month agreement; Separate entrances and individual utilities for each residence
