Brick
New
For Sale
$150,000
124 Vinita Drive, Norman, OK 73071
SINGLE_FAMILY - Other - Norman, OK
Property Size1,064 SF
Lot Size0.09 Acres
Price / SF$140.98
Days on Market1
Property Features for 124 Vinita Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
Lot features
Interior Lot
Elementary school
Washington ES
Middle school
Irving MS
High school
Norman HS
Elementary school district
Norman
Middle school district
Norman
High school district
Norman
Directions
From 12th Ave SE and Alameda, East to Crestland, North to Southcrest, West to Vinita, North to home.
Standard status
Active
APN
124NONEVinita73071
Size
1,064 SF
Lot size
0.09 Acres
Utilities
Heating system
Natural Gas
Cooling system
Central Air, Electric
Building Details
Year built
1981
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
Realty Experts Inc
(405) 703-2255
Listed By:
Randy Tarlton
(405) 417-7070
Added: Jul 30
Last Checked: Jul 30 at 7:06PM
MLS# 1242029
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick duplex at 124 Vinita Drive in Norman is a two-bedroom, two-bath residence built in 1981. The property includes 1,064 square feet of living space and sits on a 0.09-acre lot. Heating is natural gas, and the home is equipped with central air and electric cooling.
The roof is composition. Interior rooming includes two bedrooms and two bathrooms. With its compact lot size and straightforward residential configuration, the duplex format may appeal to buyers looking for income-oriented residential ownership in Cleveland County.
The listing indicates the property is a half duplex and emphasizes that it should not be disturbed. Please coordinate access details through your agent.
The roof is composition. Interior rooming includes two bedrooms and two bathrooms. With its compact lot size and straightforward residential configuration, the duplex format may appeal to buyers looking for income-oriented residential ownership in Cleveland County.
The listing indicates the property is a half duplex and emphasizes that it should not be disturbed. Please coordinate access details through your agent.
Key Highlights
- 0.09‑acre lot at 124 Vinita Drive, Norman, OK 73071
- 1,064 SF duplex with two bedrooms and two bathrooms
- Brick construction and composition roof
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.7k | $13.80 |
| − Vacancy | −$906 | −$0.85 |
| EGI | $13.8k | $12.95 |
| − OpEx | −$4.1k | −$3.88 |
| NOI | $9.6k | $9.06 |
1,064 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$137.8K
$120.6K – $160.7K
NOI $9,644 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$126.6K
$110.8K – $147.7K
NOI $8,864 @ 7.0% cap · market cap 5.91%
Theoretical Best
Specialty Retail
$183.9K
$160.9K – $214.5K
NOI $12,870 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Explore this area
Business Placement
Demographics for 73071, OK
43,379
Population
19,192
Households
2.3
Avg Household Size
31
Median Age
42%
College-Educated
94%
High-School Grad
23.3 sq mi
ZIP Area
1,862
Density / Sq Mi
$59,258
Median Household Income
$32,830
Median Earnings
$1,059
Median Rent
$206,600
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 - Brick duplex in Norman on a small lot, built in 1981 with central air and natural gas heating.
Where is this duplex located?
The property is located at 124 Vinita Drive Norman, 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: 0.09‑acre lot at 124 Vinita Drive, Norman, OK 73071; 1,064 SF duplex with two bedrooms and two bathrooms; Brick construction and composition roof
