Two-Unit Duplex with Modern
For Sale
$425,000
1172 N Boston, Tulsa, OK 74106
Two separate residences provide distinct bedroom and bath layouts, each with its own interior laundry.
Property Size1,967 SF
Price / SF$216.07
Days on Market83
Property Features for 1172 N Boston
General Information
Standard status
Active
Size
1,967 SF
Property subtype
Duplex
Site & Location
Neighborhood
Legacy
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1.5BA
Multifamily Units
2
Amenities
separate interior laundry
Building Details
Year Built
2023
Listing Agency:
Realty One Group Dreamers
(918) 381-2555
Listed By:
Jessica Scott · License #150891
(918) 361-0104
Source:
Spiritrealtygroup
Added: Aug 12
Changed: Nov 1
Last Checked: Nov 1 at 3:55PM
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 Realty One Group Dreamers
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Investment Insights
Based on property information with market context.
Built in 2023, this duplex contains two residences totaling 1,967 square feet. The front unit has two bedrooms and two full bathrooms; the rear unit offers two bedrooms and one-and-a-half bathrooms. Both homes include separate interior laundry areas.
Interior details include hardwood flooring, quartz countertops, tile finishes, and updated fixtures. Each primary suite has a walk-in closet and a large vanity. The property is at 1172 N Boston in Tulsa, near downtown and within the Heights neighborhood.
Interior details include hardwood flooring, quartz countertops, tile finishes, and updated fixtures. Each primary suite has a walk-in closet and a large vanity. The property is at 1172 N Boston in Tulsa, near downtown and within the Heights neighborhood.
Key Highlights
- Two‑unit duplex with 1,967 square feet
- Built in 2023
- Front residence: 2 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,161
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,220
$383.2K
Cap Rate 7%
$273,729
$273.7K
Cap Rate 9%
$212,900
$212.9K
Market Conditions
NOI Build-Up for 1,967 SF
Gross rent
$30.2K $15.36/SF
− Vacancy
−$2.8K −$1.44/SF
EGI
$27.4K $13.92/SF
− OpEx
−$8.2K −$4.17/SF
NOI
$19.2K $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 Rate 5%
$383,220
Cap Rate 7%
$273,729
Cap Rate 9%
$212,900
Alternative Uses
Best Use
Multifamily LT 5
$273.7K
$239.5K – $319.4K
NOI $19,161 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$250.6K
$219.3K – $292.4K
NOI $17,545 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$419.5K
$367.1K – $489.5K
NOI $29,367 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide distinct bedroom and bath layouts, each with its own interior laundry.
Where is this duplex located?
The property is located at 1172 N Boston Tulsa, OK.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,967 square feet; Built in 2023; Front residence: 2 bedrooms and 2 full bathrooms
