Remodeled Duplex with
New
For Sale
$164,000
1400 W Madison Street, Broken Arrow, OK 74012
Residential, Broken Arrow, OK
Property Size1,256 SF
Lot Size0.15 Acres
Price / SF$130.57
Days on Market5
Property Features for 1400 W Madison Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Window features
Vinyl Frames
Patio and Porch features
Porch
Fencing
Privacy
Fireplace
1
Appliances
Dishwasher, Range/Oven
Subdivision
Rockwood West
Lot features
Corner Lot
Elementary school
Arrowhead
Middle school
Sequoyah
High school
Broken Arrow
Elementary school district
Broken Arrow - Sch Dist (3)
Middle school district
Broken Arrow - Sch Dist (3)
High school district
Broken Arrow - Sch Dist (3)
Directions
From W 71st St, turn north onto S Narcissus Ave. Turn west onto W Madison St. Continue to 1400 W Madison St; the property will be on the right.
Standard status
Active
Size
1,256 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
E54.5 LT 14 BLK 4
Tax Annual Amount
1548
Legal Description
E54.5 LT 14 BLK 4
Utilities
Heating system
Floor Furnace
Cooling system
Central Air
Amenities
fireplace
Building Details
Year built
1982
Floors in Building
1
Flooring type
Tile
Roof type
Fiberglass
Listing Agency:
Homecoin.com
(888) 400-2513
Listed By:
Jonathan Minerick · License #01523060
(404) 388-9441
Added: Sep 18
Changed: Sep 22
Last Checked: Sep 22 at 7:06PM
MLS# 2634589
Copyright © 2026 MLS Technology, 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 duplex property offers a semi-detached three-bedroom, two-bath layout with 1,256 square feet of interior space and a one-car garage. Interior improvements include new flooring, paint, windows, and doors, complemented by a living-room fireplace. The home also features tile flooring, central air, floor-furnace heating, a dishwasher, and a range/oven.
Set on a 0.15-acre corner lot, the property includes a privacy fence and porch. Built in 1982, it is located near a major shopping area in Broken Arrow, with schools nearby.
Set on a 0.15-acre corner lot, the property includes a privacy fence and porch. Built in 1982, it is located near a major shopping area in Broken Arrow, with schools nearby.
Key Highlights
- 3‑bedroom, 2‑bath semi‑detached duplex
- 1,256 square feet with a one‑car garage
- 0.15‑acre corner lot with privacy fencing
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
$11,405
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
6.95%
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%
$228,100
$228.1K
Cap Rate 7%
$162,929
$162.9K
Cap Rate 9%
$126,722
$126.7K
Market Conditions
NOI Build-Up for 1,256 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
$17.3K $13.80/SF
− Vacancy
−$1.0K −$0.83/SF
EGI
$16.3K $12.97/SF
− OpEx
−$4.9K −$3.89/SF
NOI
$11.4K $9.08/SF
Area
Broken Arrow, OK
Vacancy
6.00%
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%
$228,100
Cap Rate 7%
$162,929
Cap Rate 9%
$126,722
Alternative Uses
Best Use
Multifamily LT 5
$162.9K
$142.6K – $190.1K
NOI $11,405 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$146.6K
$128.3K – $171.0K
NOI $10,262 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$293.8K
$257.1K – $342.8K
NOI $20,565 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
Explore this area
Business Placement
Demographics for 74012, OK
63,918
Population
26,069
Households
2.5
Avg Household Size
37
Median Age
34%
College-Educated
94%
High-School Grad
24.8 sq mi
ZIP Area
2,577
Density / Sq Mi
$80,079
Median Household Income
$44,321
Median Earnings
$1,211
Median Rent
$223,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Semi-detached residence with updated finishes, a fireplace, and a privacy-fenced corner lot.
Where is this duplex located?
The property is located at 1400 W Madison Street Broken Arrow, OK.
What is the asking price?
The asking price for this property is $164,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath semi‑detached duplex; 1,256 square feet with a one‑car garage; 0.15‑acre corner lot with privacy fencing
