Duplex with Central
For Sale
$285,000
Pending
1126 S Quaker Avenue, Tulsa, OK 74120
Two-unit residential property with natural gas service, electric appliances, and a crawl space.
Property Size1,350 SF
Days on Market188
Property Features for 1126 S Quaker Avenue
General Information
Standard status
Pending
Size
1,350 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$619
Amenities
Sidewalks
Central Air
Natural Gas, Central, Electric
Crawl Space
Dishwasher, Gas Water Heater, Microwave, Oven, Range
Other
Partial
Rain Gutters
Contemporary
Building Details
Building Size
1,350 SF
Year Built
1928
Stories
1
Listing Agency:
Coldwell Banker Select
Listed By:
Farah Dib · License #202325
(918) 852-3393
Source:
Evrealestate
Added: Feb 27
Changed: Aug 31
Last Checked: Aug 31 at 3:23AM
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 Coldwell Banker Select
Investment Insights
Based on property information with market context.
This 1,350-square-foot duplex was built in 1928 and includes central air, natural gas service, a crawl space, and electric systems. Interior equipment includes a dishwasher, gas water heater, microwave, oven, and range. Exterior features include rain gutters and a contemporary design element.
The property is located at 1126 S Quaker Avenue in Tulsa, between Peoria and Utica, south of 11th St. It is situated in Tulsa County, Oklahoma.
The property is located at 1126 S Quaker Avenue in Tulsa, between Peoria and Utica, south of 11th St. It is situated in Tulsa County, Oklahoma.
Key Highlights
- 1,350‑square‑foot duplex built in 1928
- Central air conditioning
- Natural gas service and gas water heater
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
$13,151
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
4.61%
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%
$263,020
$263.0K
Cap Rate 7%
$187,871
$187.9K
Cap Rate 9%
$146,122
$146.1K
Market Conditions
NOI Build-Up for 1,350 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
$20.7K $15.36/SF
− Vacancy
−$1.9K −$1.44/SF
EGI
$18.8K $13.92/SF
− OpEx
−$5.6K −$4.17/SF
NOI
$13.2K $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%
$263,020
Cap Rate 7%
$187,871
Cap Rate 9%
$146,122
Alternative Uses
Best Use
Multifamily LT 5
$187.9K
$164.4K – $219.2K
NOI $13,151 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$172.0K
$150.5K – $200.7K
NOI $12,042 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$287.9K
$251.9K – $335.9K
NOI $20,155 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,635
Businesses Nearby
Explore this area
Business Placement
Demographics for 74120, OK
5,037
Population
3,308
Households
1.5
Avg Household Size
37
Median Age
52%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
2,399
Density / Sq Mi
$66,280
Median Household Income
$46,823
Median Earnings
$1,071
Median Rent
$415,300
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 - Two-unit residential property with natural gas service, electric appliances, and a crawl space.
Where is this duplex located?
The property is located at 1126 S Quaker Avenue Tulsa, OK.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,350‑square‑foot duplex built in 1928; Central air conditioning; Natural gas service and gas water heater
