Remodeled Triplex Near City
For Sale
$275,000
201 SE 34 St, Moore, OK 73160
Remodeled multifamily property with three separate dwellings near an elementary school and Apple Valley City Park.
Property Size2,320 SF
Price / SF$118.53
Days on Market40
Property Features for 201 SE 34 St
General Information
Standard status
Active
Size
2,320 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x Studio/1BA, 1 x 1BR/1.5BA, 1 x 1BR+Office/1BA
Multifamily Units
3
Building Details
Year Built
1976
Tenancy
Multi
Listing Agency:
Andy Janko Realty Ltd Co.
Listed By:
Cindy Shannon
(405) 790-0404
Source:
Sarahflemingestates
Added: Aug 1
Changed: Sep 8
Last Checked: Sep 7 at 11:33AM
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 Andy Janko Realty Ltd Co.
Investment Insights
Based on property information with market context.
This remodeled triplex, built in 1976, includes three separate dwellings with distinct residential layouts. The units provide a mix of studio, one-bedroom, and one-bedroom-plus-office configurations, along with kitchens, living areas, and bathrooms. One residence also includes dining space, while another features a half bathroom in addition to its full bath.
The property is located at 201 SE 34 St in Moore, near Broadmoore Elementary School and within walking distance of the campus. Apple Valley City Park is also nearby, offering a splash pad, playground, pavilion, picnic tables, and bathrooms. The combination of multiple dwellings and proximity to neighborhood amenities gives the property a clear multifamily profile.
The property is located at 201 SE 34 St in Moore, near Broadmoore Elementary School and within walking distance of the campus. Apple Valley City Park is also nearby, offering a splash pad, playground, pavilion, picnic tables, and bathrooms. The combination of multiple dwellings and proximity to neighborhood amenities gives the property a clear multifamily profile.
Key Highlights
- Three separate dwellings within a remodeled triplex
- Unit mix includes a studio, one‑bedroom, and one‑bedroom‑plus‑office layouts
- Individual residences include kitchens, living areas, and bathrooms
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
$20,954
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
7.62%
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%
$419,080
$419.1K
Cap Rate 7%
$299,343
$299.3K
Cap Rate 9%
$232,822
$232.8K
Market Conditions
NOI Build-Up for 2,320 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
$32.0K $13.80/SF
− Vacancy
−$2.1K −$0.90/SF
EGI
$29.9K $12.90/SF
− OpEx
−$9.0K −$3.87/SF
NOI
$21.0K $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%
$419,080
Cap Rate 7%
$299,343
Cap Rate 9%
$232,822
Alternative Uses
Best Use
Multifamily LT 5
$299.3K
$261.9K – $349.2K
NOI $20,954 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$278.2K
$243.4K – $324.5K
NOI $19,472 @ 7.0% cap · market cap 7.08%
Theoretical Best
Specialty Retail
$560.8K
$490.7K – $654.2K
NOI $39,254 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
742
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?
Triplex - Remodeled multifamily property with three separate dwellings near an elementary school and Apple Valley City Park.
Where is this triplex located?
The property is located at 201 SE 34 St Moore, OK.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Three separate dwellings within a remodeled triplex; Unit mix includes a studio, one‑bedroom, and one‑bedroom‑plus‑office layouts; Individual residences include kitchens, living areas, and bathrooms
