Two-Unit Residential Income
1405 NW Baldwin Ave Lawton, OK 73507
1405 NW Baldwin Ave, Lawton, OK, 73507
$84,500
For Sale
$84,500
Residential Multi Family, Other - Lawton, OK
Property Size1,100 SF
Price / SF$76.82
Days on Market321
Property Features for 1405 NW Baldwin Ave
General Information
- Property type
- Residential Multi Family
- Standard status
- Active
Building Details
- Architectural style
- Other
Listing Agency
NextHome Tri-Covenant Realty
(580) 512-0591
1001 SW B Ave, Suite 150 & 160, OK
Listed by
Nikki Thurman · License #206286,PersonLicenseNumber
(405) 590-4195
Added: Aug 31, 2025 Checked: Jul 17 at 3:06 pm
MLS# 169524
Listing URL
Copyright © 2026 NextHome, 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 two-unit residential income property includes a main unit and a smaller rear unit. The interiors have been recently remodeled with new flooring and new paint, along with an updated hot water tank, updated bathrooms and kitchens, and included appliances and granite countertops. The main unit features 2 bedrooms and 1 bath, and has washer and dryer connections; the rear unit features 1 bedroom and 1 bath and is currently vacant.
The property is being sold as-is. The rear unit requires some foundation work, and there is a bid on file for foundation repairs. Current occupancy status should be confirmed prior to showings, and 24-hour notice is required. Please do not disturb the tenants.
The property is being sold as-is. The rear unit requires some foundation work, and there is a bid on file for foundation repairs. Current occupancy status should be confirmed prior to showings, and 24-hour notice is required. Please do not disturb the tenants.
Key Highlights
- Investor‑focused duplex with 1405 and 1405 1/2 NW Baldwin, currently tenant occupied
- $1,000/month rental income from the main unit; back unit recently received $600/month and is currently vacant
- Main unit offers nearly 700 SF with 2 bedrooms and 1 bath; remodeled with new flooring, new paint, and updated kitchen and bath
Local 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 | $9.9k | $9.00 |
| − Vacancy | −$1.2k | −$1.05 |
| EGI | $8.7k | $7.95 |
| − OpEx | −$2.6k | −$2.38 |
| NOI | $6.1k | $5.56 |
1,100 SF · lease $9.00/SF/yr · vacancy 11.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$87.4K
$76.5K – $102.0K
NOI $6,119 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$77.0K
$67.3K – $89.8K
NOI $5,387 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$270.5K
$236.7K – $315.6K
NOI $18,935 @ 7.0% cap · market cap 22.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two rental units on one lot offer updated interiors, with one unit currently vacant and sold as-is.
Where is this duplex located?
The property is located at 1405 NW Baldwin Ave Lawton, OK.
What is the asking price?
The asking price for this property is $84,500.
What are key features of this property?
This property features: Investor‑focused duplex with 1405 and 1405 1/2 NW Baldwin, currently tenant occupied; $1,000/month rental income from the main unit; back unit recently received $600/month and is currently vacant; Main unit offers nearly 700 SF with 2 bedrooms and 1 bath; remodeled with new flooring, new paint, and updated kitchen and bath
