Duplex with Gas Log
For Sale
$335,000
3201 Lois Arlene Cir, Oklahoma City, OK 73160
Two attached residences offer matching layouts, updated finishes, and separate occupancy status.
Property Size2,267 SF
Price / SF$147.77
Days on Market27
Property Features for 3201 Lois Arlene Cir
General Information
Standard status
Active
Size
2,267 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
gas log fireplaces
Building Details
Year Built
2002
Buildings
1
Listing Agency:
4Two Realty
(405) 816-9074
Listed By:
Brian Coombs
Source:
Sarahflemingestates
Added: Aug 6
Changed: Aug 31
Last Checked: Aug 30 at 7:00PM
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 4Two Realty
Investment Insights
Based on property information with market context.
Built in 2002, this full duplex contains two residences, each with 2 bedrooms and 2.5 bathrooms. The property totals 2,267 square feet and includes gas log fireplaces in both units along with a 2-car garage. One side features new carpet throughout and a newer dishwasher and is currently vacant, while the other has newer carpet and fresh paint and remains tenant occupied.
The duplex is located at 3201 Lois Arlene Cir in Oklahoma City. The vacant unit allows for straightforward showings, while access to the occupied residence should be coordinated without disturbing the tenant.
The duplex is located at 3201 Lois Arlene Cir in Oklahoma City. The vacant unit allows for straightforward showings, while access to the occupied residence should be coordinated without disturbing the tenant.
Key Highlights
- Two‑unit duplex totaling 2,267 square feet
- Each residence includes 2 bedrooms and 2.5 bathrooms
- Gas log fireplaces serve both sides
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
$20,476
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
6.11%
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%
$409,520
$409.5K
Cap Rate 7%
$292,514
$292.5K
Cap Rate 9%
$227,511
$227.5K
Market Conditions
NOI Build-Up for 2,267 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
$31.3K $13.80/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$29.3K $12.90/SF
− OpEx
−$8.8K −$3.87/SF
NOI
$20.5K $9.03/SF
Area
ZIP 73160
Vacancy
6.50%
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%
$409,520
Cap Rate 7%
$292,514
Cap Rate 9%
$227,511
Alternative Uses
Best Use
Multifamily LT 5
$292.5K
$256.0K – $341.3K
NOI $20,476 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$271.8K
$237.8K – $317.1K
NOI $19,027 @ 7.0% cap · market cap 5.68%
Theoretical Best
Specialty Retail
$548.0K
$479.5K – $639.3K
NOI $38,358 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 73160, OK
60,511
Population
25,055
Households
2.4
Avg Household Size
33
Median Age
28%
College-Educated
92%
High-School Grad
21.4 sq mi
ZIP Area
2,828
Density / Sq Mi
$76,407
Median Household Income
$41,156
Median Earnings
$1,245
Median Rent
$189,000
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 attached residences offer matching layouts, updated finishes, and separate occupancy status.
Where is this duplex located?
The property is located at 3201 Lois Arlene Cir Oklahoma City, OK.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,267 square feet; Each residence includes 2 bedrooms and 2.5 bathrooms; Gas log fireplaces serve both sides
