Duplex with Separate
For Sale
$199,000
1017 Acacia Circle, Noble, OK 73068
MULTI_FAMILY - Noble, OK
Property Size1,936 SF
Lot Size0.47 Acres
Price / SF$102.79
Days on Market55
Property Features for 1017 Acacia Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
Lot features
Cul-De-Sac
Elementary school
Pioneer Intermediate ES
Middle school
Curtis Inge MS
High school
Noble HS
Elementary school district
Noble
Middle school district
Noble
High school district
Noble
Directions
GPS is correct
Standard status
Active
APN
1017NONEAcacia101973068
Size
1,936 SF
Lot size
0.47 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric, Central Air
Building Details
Year built
1980
Floors in Building
1
Building materials
Brick & Frame
Roof type
Composition
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Darla Lea
(405) 863-0328
Added: Jun 16
Changed: Aug 3
Last Checked: Aug 9 at 4:06AM
MLS# 1233785
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 at 1017 Acacia Circle offers two separate 2-bedroom, 1-bath floorplans, each with its own entrance and private utilities. One unit is currently vacant and ready for immediate occupancy or leasing, while the other unit is tenant-occupied on a month-to-month agreement, providing flexibility for a new owner. Both sides include a living room, an efficient kitchen with ample cabinet space, and two bedrooms.
The exterior is described as well-maintained, with a low-maintenance yard. Off-street parking is available. The property includes brick & frame construction and a composition roof. Heating is natural gas, with central air and electric cooling.
Set on a 0.47-acre lot, this duplex is positioned for rental use or owner-occupancy, with its layout supporting day-to-day privacy through separate entrances and independent utility arrangements.
The exterior is described as well-maintained, with a low-maintenance yard. Off-street parking is available. The property includes brick & frame construction and a composition roof. Heating is natural gas, with central air and electric cooling.
Set on a 0.47-acre lot, this duplex is positioned for rental use or owner-occupancy, with its layout supporting day-to-day privacy through separate entrances and independent utility arrangements.
Key Highlights
- Two separate 2‑bedroom, 1‑bath units
- One side vacant; one side tenant‑occupied on a month‑to‑month agreement
- Separate entrances and private utilities for each unit
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
9.09%
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 9.09%
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
Property Profile
Current Use
Lease Details
2
Residential units
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 - Two 2-bedroom, 1-bath units with separate entrances and private utilities, including one vacant side and one month-to-month tenant.
Where is this duplex located?
The property is located at 1017 Acacia Circle 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 separate 2‑bedroom, 1‑bath units; One side vacant; one side tenant‑occupied on a month‑to‑month agreement; Separate entrances and private utilities for each unit
