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 Market63
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 16 at 8:23AM
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
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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.
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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
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
