Remodeled Duplex with
For Sale
$321,123
1308 Summerton Place, Yukon, OK 73099
One residence has been updated, while the other is leased month to month to a long-term tenant.
Property Size2,466 SF
Days on Market205
Property Features for 1308 Summerton Place
General Information
Standard status
Active
Size
2,466 SF
Total Parking Spaces
4
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Parking per Unit
2
Amenities
Fireplace
Gas
Central Elec
Dishwasher
Disposal
Microwave
Shingle
Building Details
Building Size
2,466 SF
Year Built
1981
Buildings
1
Listing Agency:
Homestead + Co
(405) 641-7659
Listed By:
Tyler C Weinrich · License #170512
Source:
Kw
Added: Feb 8
Changed: Aug 30
Last Checked: Sep 1 at 12:30AM
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 Homestead + Co
Investment Insights
Based on property information with market context.
This 1981 duplex includes two separate residences with distinct bedroom and bathroom layouts. The 1308 side offers three bedrooms, two bathrooms, and a two-car garage. It is vacant and has received recent improvements including new flooring, interior paint, refreshed bathrooms, granite countertops, and replacement appliances. The 1310 side provides two bedrooms, two bathrooms, and its own two-car garage. It is occupied by a long-term tenant under a month-to-month lease and has central electric service, a fireplace, gas features, a dishwasher, disposal, and microwave. Both sides have shingle roofing. The property is located at 1308 Summerton Place in Yukon, Oklahoma.
Key Highlights
- Two‑unit duplex with separate 2‑bedroom and 3‑bedroom residences
- 1308 side includes 3 beds, 2 baths, and a 2 car garage
- 1310 side includes 2 bed, 2 bath, and a 2 car garage
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
$16,023
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
4.99%
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%
$320,460
$320.5K
Cap Rate 7%
$228,900
$228.9K
Cap Rate 9%
$178,033
$178.0K
Market Conditions
NOI Build-Up for 2,466 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
$25.2K $10.20/SF
− Vacancy
−$2.3K −$0.92/SF
EGI
$22.9K $9.28/SF
− OpEx
−$6.9K −$2.78/SF
NOI
$16.0K $6.50/SF
Area
Canadian County, OK
Vacancy
9.00%
Lease Rate
$10.20 /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%
$320,460
Cap Rate 7%
$228,900
Cap Rate 9%
$178,033
Alternative Uses
Best Use
Multifamily LT 5
$228.9K
$200.3K – $267.1K
NOI $16,023 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$192.5K
$168.5K – $224.6K
NOI $13,476 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$536.9K
$469.8K – $626.4K
NOI $37,586 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
Explore this area
Business Placement
Demographics for 73099, OK
83,213
Population
32,654
Households
2.5
Avg Household Size
35
Median Age
35%
College-Educated
94%
High-School Grad
124.7 sq mi
ZIP Area
667
Density / Sq Mi
$86,198
Median Household Income
$46,490
Median Earnings
$1,255
Median Rent
$229,400
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 - One residence has been updated, while the other is leased month to month to a long-term tenant.
Where is this duplex located?
The property is located at 1308 Summerton Place Yukon, OK.
What is the asking price?
The asking price for this property is $321,123.
What are key features of this property?
This property features: Two‑unit duplex with separate 2‑bedroom and 3‑bedroom residences; 1308 side includes 3 beds, 2 baths, and a 2 car garage; 1310 side includes 2 bed, 2 bath, and a 2 car garage
