Duplex with Updated
For Sale
$128,900
Pending
122 N Louisville, Tulsa, OK 74115
Two matching residences provide a one-bedroom, one-bath layout on each side.
Property Size1,138 SF
Days on Market29
Property Features for 122 N Louisville
General Information
Standard status
Pending
Size
1,138 SF
Property subtype
Duplex
Site & Location
Neighborhood
Sequoyah
Highway Access
Yes
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1930
Listing Agency:
Coldwell Banker Select
(918) 251-4142
Listed By:
Corrie Egge · License #71907
(918) 230-8433
Source:
Spiritrealtygroup
Added: Oct 5
Changed: Nov 1
Last Checked: Nov 1 at 3:45PM
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
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Investment Insights
Based on property information with market context.
This duplex contains two mirror-image units, each configured with one bedroom and one bathroom. The property totals 1,138 square feet and was built in 1930. Recent interior and exterior paint and water-resistant vinyl flooring are present in both residences.
The property is at 122 and 124 N. Louisville in Tulsa, near downtown Tulsa, with freeway access. It is situated in a quiet, well-kept neighborhood.
The property is at 122 and 124 N. Louisville in Tulsa, near downtown Tulsa, with freeway access. It is situated in a quiet, well-kept neighborhood.
Key Highlights
- Two mirrored units, each with 1 bedroom and 1 bathroom
- 1,138‑square‑foot duplex built in 1930
- New water‑resistant vinyl flooring throughout both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,086
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,720
$221.7K
Cap Rate 7%
$158,371
$158.4K
Cap Rate 9%
$123,178
$123.2K
Market Conditions
NOI Build-Up for 1,138 SF
Gross rent
$17.5K $15.36/SF
− Vacancy
−$1.6K −$1.44/SF
EGI
$15.8K $13.92/SF
− OpEx
−$4.8K −$4.17/SF
NOI
$11.1K $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%
$221,720
Cap Rate 7%
$158,371
Cap Rate 9%
$123,178
Alternative Uses
Best Use
Multifamily LT 5
$158.4K
$138.6K – $184.8K
NOI $11,086 @ 7.0% cap · market cap 8.60%
Second Best
Apartment 5plus
$145.0K
$126.9K – $169.2K
NOI $10,151 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$242.7K
$212.4K – $283.2K
NOI $16,990 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 74115, OK
24,461
Population
9,583
Households
2.6
Avg Household Size
32
Median Age
9%
College-Educated
72%
High-School Grad
16.0 sq mi
ZIP Area
1,529
Density / Sq Mi
$43,111
Median Household Income
$27,179
Median Earnings
$987
Median Rent
$74,900
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 matching residences provide a one-bedroom, one-bath layout on each side.
Where is this duplex located?
The property is located at 122 N Louisville Tulsa, OK.
What is the asking price?
The asking price for this property is $128,900.
What are key features of this property?
This property features: Two mirrored units, each with 1 bedroom and 1 bathroom; 1,138‑square‑foot duplex built in 1930; New water‑resistant vinyl flooring throughout both units
