Duplex with Separate
New
For Sale
$195,000
1017 Acacia Cir Unit 1019, Noble, OK 73068
Two distinct units offer flexible occupancy, with one available now and the other leased month to month.
Property Size1,936 SF
Price / SF$100.72
Days on Market2
Property Features for 1017 Acacia Cir Unit 1019
General Information
Standard status
Active
Size
1,936 SF
Property subtype
Multi-Family
Occupancy
50%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Platinum Realty LLC
Listed By:
Darla Lea
(405) 863-0328
Source:
Alloverok
Added: Sep 5
Last Checked: Sep 5 at 3:30PM
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.
Built in 1980, this 1,936-square-foot duplex contains two independent residences, each arranged with 2 bedrooms, 1 bath, a living room, and an efficient kitchen with cabinet storage. Separate entrances and private utilities support distinct occupancy, while off-street parking and a low-maintenance yard simplify day-to-day upkeep.
Located at 1017 Acacia Cir Unit 1019 in Noble, the property is near schools, shopping, dining, and major commuter routes serving the Oklahoma City metro. One unit is vacant and available for occupancy or leasing; the second is tenant-occupied under a month-to-month agreement, creating flexibility for an investor or an owner-occupant. The property is offered as-is.
Located at 1017 Acacia Cir Unit 1019 in Noble, the property is near schools, shopping, dining, and major commuter routes serving the Oklahoma City metro. One unit is vacant and available for occupancy or leasing; the second is tenant-occupied under a month-to-month agreement, creating flexibility for an investor or an owner-occupant. The property is offered as-is.
Key Highlights
- Two 2‑bedroom, 1‑bath units within a 1,936‑square‑foot duplex
- One unit vacant; the other occupied under a month‑to‑month agreement
- Separate entrances and private utilities for each residence
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
$16,744
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
8.59%
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%
$334,880
$334.9K
Cap Rate 7%
$239,200
$239.2K
Cap Rate 9%
$186,044
$186.0K
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
$32.5K $16.80/SF
− Vacancy
−$2.1K −$1.08/SF
EGI
$30.4K $15.72/SF
− OpEx
−$13.7K −$7.08/SF
NOI
$16.7K $8.65/SF
Area
Cleveland County, OK
Vacancy
6.40%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
45.00%
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%
$334,880
Cap Rate 7%
$239,200
Cap Rate 9%
$186,044
Alternative Uses
Best Use
Multifamily LT 5
$258.5K
$226.2K – $301.6K
NOI $18,094 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$239.2K
$209.3K – $279.1K
NOI $16,744 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$476.1K
$416.6K – $555.4K
NOI $33,326 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
50%
Occupancy
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 distinct units offer flexible occupancy, with one available now and the other leased month to month.
Where is this duplex located?
The property is located at 1017 Acacia Cir Unit 1019 Noble, OK.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units within a 1,936‑square‑foot duplex; One unit vacant; the other occupied under a month‑to‑month agreement; Separate entrances and private utilities for each residence
