Craftsman Duplex Under
For Sale
$358,900
1025 N Quincy Avenue, Tulsa, OK 74106
Residential, Craftsman, Tulsa, OK
Property Size2,606 SF
Lot Size0.16 Acres
Price / SF$137.72
Days on Market230
Property Features for 1025 N Quincy Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2
Window features
Vinyl Frames
Patio and Porch features
Porch, Patio
Interior features
9' Ceiling Height, Floored Attic, Smoke Detector
Appliances
Dishwasher, Disposal, Microwave, Range/Oven
Subdivision
Crutchfield addn
Elementary school
Whitman
High school
Central
Elementary school district
Tulsa - Sch Dist (1)
Middle school district
Tulsa - Sch Dist (1)
High school district
Tulsa - Sch Dist (1)
Directions
Take N Utica Ave (heading north) to E Independence Street. Left on E Independence. Head west for about 1/4 mile.
Standard status
Active
Size
2,606 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LT 20 BLK 1
Tax Annual Amount
100
Legal Description
LT 20 BLK 1
Utilities
Utilities
Cable Available
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2025
Floors in Building
1
Flooring type
Vinyl, Carpet
Building materials
Wood Frame
Roof type
Fiberglass
Architectural style
Craftsman
Listing Agency:
Realty One Group Dreamers
(539) 367-1555
Listed By:
Joanna Ford · License #147783
(918) 381-2555
Added: Jan 3
Changed: Aug 19
Last Checked: Aug 21 at 11:06PM
MLS# 2600127
Copyright © 2026 MLS Technology, 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.
Under construction duplex at 1025 N Quincy Avenue, Tulsa, OK 74106. Built with wood-frame construction in a Craftsman style, the property is scheduled for 2025 completion. Each side is laid out with three bedrooms and two full bathrooms, plus an open-concept flow connecting the living, dining, and kitchen areas. Interior features include 9' ceiling height, a floored attic, and smoke detectors. Flooring includes vinyl and carpet.
Both units include a range/oven, dishwasher, microwave, and disposal. Comfort is provided by central heating and central air. Exterior amenities include a porch and a patio. The lot size is 0.161 acres, and the property size is 2,606 square feet. Cable is available.
This configuration supports either owner occupancy with rental income from the other side or use as a low-maintenance rental duplex.
Both units include a range/oven, dishwasher, microwave, and disposal. Comfort is provided by central heating and central air. Exterior amenities include a porch and a patio. The lot size is 0.161 acres, and the property size is 2,606 square feet. Cable is available.
This configuration supports either owner occupancy with rental income from the other side or use as a low-maintenance rental duplex.
Key Highlights
- 0.161‑acre lot for a duplex at 1025 N Quincy Avenue, Tulsa, OK 74106
- 2,606 square feet total duplex size
- Wood‑frame Craftsman construction, under construction with 2025 year built
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
$25,386
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
7.07%
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%
$507,720
$507.7K
Cap Rate 7%
$362,657
$362.7K
Cap Rate 9%
$282,067
$282.1K
Market Conditions
NOI Build-Up for 2,606 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
$40.0K $15.36/SF
− Vacancy
−$3.8K −$1.44/SF
EGI
$36.3K $13.92/SF
− OpEx
−$10.9K −$4.17/SF
NOI
$25.4K $9.74/SF
Area
Tulsa, OK
Vacancy
9.40%
Lease Rate
$15.36 /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%
$507,720
Cap Rate 7%
$362,657
Cap Rate 9%
$282,067
Alternative Uses
Best Use
Multifamily LT 5
$362.7K
$317.3K – $423.1K
NOI $25,386 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$332.1K
$290.6K – $387.4K
NOI $23,245 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$555.8K
$486.3K – $648.5K
NOI $38,907 @ 7.0% cap · market cap 10.84%
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
449
Businesses Nearby
Explore this area
Business Placement
Demographics for 74106, OK
16,805
Population
8,341
Households
2
Avg Household Size
35
Median Age
17%
College-Educated
83%
High-School Grad
7.6 sq mi
ZIP Area
2,211
Density / Sq Mi
$37,714
Median Household Income
$31,022
Median Earnings
$816
Median Rent
$98,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Under-construction duplex with vinyl and carpet finishes, central heating and central air, and a porch and patio.
Where is this duplex located?
The property is located at 1025 N Quincy Avenue Tulsa, OK.
What is the asking price?
The asking price for this property is $358,900.
What are key features of this property?
This property features: 0.161‑acre lot for a duplex at 1025 N Quincy Avenue, Tulsa, OK 74106; 2,606 square feet total duplex size; Wood‑frame Craftsman construction, under construction with 2025 year built
