Two-Unit Three-Bedroom
For Sale
$350,000
105 Willow Branch Rd #105-107, Norman, OK 73072
Both residences feature practical three-bedroom, two-bathroom layouts.
Property Size2,600 SF
Price / SF$134.62
Days on Market52
Property Features for 105 Willow Branch Rd #105-107
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
1980
Listing Agency:
Lime Realty
(405) 254-6310
Listed By:
Breann Green
(405) 400-0789
Source:
Oklahomarealestate
Added: Aug 15
Changed: Oct 2
Last Checked: Oct 5 at 7:07PM
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 Lime Realty
Investment Insights
Based on property information with market context.
This duplex contains two residential units totaling 2,600 square feet. Each unit includes three bedrooms and two bathrooms, providing a consistent layout across the property. The building was constructed in 1980.
Located at 105 Willow Branch Rd #105-107 in Norman, Oklahoma, the property is near shopping, dining, schools, and major roadways. Its two-unit configuration supports separate residential occupancy within a single building.
Located at 105 Willow Branch Rd #105-107 in Norman, Oklahoma, the property is near shopping, dining, schools, and major roadways. Its two-unit configuration supports separate residential occupancy within a single building.
Key Highlights
- Two residential units in one duplex
- Each unit has 3 bedrooms and 2 bathrooms
- 2,600 square feet total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,566
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,320
$471.3K
Cap Rate 7%
$336,657
$336.7K
Cap Rate 9%
$261,844
$261.8K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$35.9K $13.80/SF
− Vacancy
−$2.2K −$0.85/SF
EGI
$33.7K $12.95/SF
− OpEx
−$10.1K −$3.88/SF
NOI
$23.6K $9.06/SF
Area
Norman, OK
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,320
Cap Rate 7%
$336,657
Cap Rate 9%
$261,844
Alternative Uses
Best Use
Multifamily LT 5
$336.7K
$294.6K – $392.8K
NOI $23,566 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$309.4K
$270.8K – $361.0K
NOI $21,660 @ 7.0% cap · market cap 6.19%
Theoretical Best
Specialty Retail
$449.3K
$393.1K – $524.2K
NOI $31,450 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
Demographics for 73072, OK
51,062
Population
20,915
Households
2.4
Avg Household Size
30
Median Age
53%
College-Educated
95%
High-School Grad
52.2 sq mi
ZIP Area
978
Density / Sq Mi
$76,933
Median Household Income
$32,892
Median Earnings
$1,102
Median Rent
$291,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature practical three-bedroom, two-bathroom layouts.
Where is this duplex located?
The property is located at 105 Willow Branch Rd #105-107 Norman, OK.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two residential units in one duplex; Each unit has 3 bedrooms and 2 bathrooms; 2,600 square feet total
