Tenant-Occupied
For Sale
$150,000
113 W Jackson St, Broken Arrow, OK 74012
Two leased residential units offer an existing rental setup in central Broken Arrow.
Property Size1,456 SF
Price / SF$103.02
Days on Market49
Property Features for 113 W Jackson St
General Information
Standard status
Active
Size
1,456 SF
Property subtype
Multi-Family
Occupancy
100%
Property Condition
Severity
Major Repairs Needed
Evidence
does require significant repairs
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Building Details
Year Built
1939
Buildings
1
Tenancy
Multi
Listing Agency:
Listwithfreedom.com
(918) 456-5288
Listed By:
Century 21 Wright Real Estate · License #204349
(918) 456-5288
Source:
Century21wright
Added: Jul 14
Changed: Aug 31
Last Checked: Aug 26 at 12:33PM
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 Listwithfreedom.com
Investment Insights
Based on property information with market context.
This 1,456-square-foot duplex, built in 1939, contains two residential units with a practical mix of one two-bedroom, one-bath unit and one one-bedroom, one-bath unit. Both units are currently occupied, providing an established rental arrangement. The property requires significant repairs and will be conveyed strictly as-is, with cash or similar financing required.
Located at 113 W Jackson Street in Broken Arrow, the property sits just off Main Street. The unit configuration and existing occupancy provide a clear operating profile for buyers evaluating a residential income asset, while the needed repairs should be considered as part of due diligence.
Located at 113 W Jackson Street in Broken Arrow, the property sits just off Main Street. The unit configuration and existing occupancy provide a clear operating profile for buyers evaluating a residential income asset, while the needed repairs should be considered as part of due diligence.
Key Highlights
- Two‑unit duplex with both residences currently occupied
- 1,456 square feet on a 0.14‑acre lot
- Unit mix includes one 2‑bedroom, 1‑bath unit and one 1‑bedroom, 1‑bath 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
$13,221
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
8.81%
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%
$264,420
$264.4K
Cap Rate 7%
$188,871
$188.9K
Cap Rate 9%
$146,900
$146.9K
Market Conditions
NOI Build-Up for 1,456 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
$20.1K $13.80/SF
− Vacancy
−$1.2K −$0.83/SF
EGI
$18.9K $12.97/SF
− OpEx
−$5.7K −$3.89/SF
NOI
$13.2K $9.08/SF
Area
Broken Arrow, OK
Vacancy
6.00%
Lease Rate
$13.80 /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%
$264,420
Cap Rate 7%
$188,871
Cap Rate 9%
$146,900
Alternative Uses
Best Use
Multifamily LT 5
$188.9K
$165.3K – $220.4K
NOI $13,221 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$169.9K
$148.7K – $198.3K
NOI $11,896 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$340.6K
$298.0K – $397.3K
NOI $23,840 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
746
Businesses Nearby
Explore this area
Business Placement
Demographics for 74012, OK
63,918
Population
26,069
Households
2.5
Avg Household Size
37
Median Age
34%
College-Educated
94%
High-School Grad
24.8 sq mi
ZIP Area
2,577
Density / Sq Mi
$80,079
Median Household Income
$44,321
Median Earnings
$1,211
Median Rent
$223,100
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 leased residential units offer an existing rental setup in central Broken Arrow.
Where is this duplex located?
The property is located at 113 W Jackson St Broken Arrow, OK.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two‑unit duplex with both residences currently occupied; 1,456 square feet on a 0.14‑acre lot; Unit mix includes one 2‑bedroom, 1‑bath unit and one 1‑bedroom, 1‑bath unit
