Two-Unit Duplex with
For Sale
$334,000
1408 NW Columbia Avenue 1 & 2, Lawton, OK 73501
Each residence includes private laundry, major appliances, and access to a fenced backyard area.
Property Size2,000 SF
Price / SF$167
Days on Market9
Property Features for 1408 NW Columbia Avenue 1 & 2
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
laundry room
fenced backyard
granite countertops
LVP wood-look flooring
tiled shower walls
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Cadence Real Estate
(405) 313-8239
Listed By:
Kat Thompson
Source:
Alloverok
Added: Aug 24
Changed: Aug 29
Last Checked: Aug 31 at 7:38PM
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 Cadence Real Estate
Investment Insights
Based on property information with market context.
This duplex contains two residences within 2,000 square feet, with each unit offering 2 bedrooms, 2 bathrooms, a dedicated laundry room, and comfortable living areas. Washers and dryers, major appliances, and window blinds are included. Interior finishes include granite countertops, LVP wood-look flooring, and tiled shower walls. Each unit also has access to a fenced backyard area.
Built in 2026, the property is fully leased and located at 1408 NW Columbia Avenue 1 & 2 in Lawton, Oklahoma. The address provides access to local amenities, schools, Fort Sill, and Mt. Scott.
Built in 2026, the property is fully leased and located at 1408 NW Columbia Avenue 1 & 2 in Lawton, Oklahoma. The address provides access to local amenities, schools, Fort Sill, and Mt. Scott.
Key Highlights
- Two‑unit duplex totaling 2,000 Sq Ft
- Each unit includes 2 bedrooms and 2 bathrooms
- Dedicated laundry rooms with washers and dryers included
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
$11,126
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
3.33%
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%
$222,520
$222.5K
Cap Rate 7%
$158,943
$158.9K
Cap Rate 9%
$123,622
$123.6K
Market Conditions
NOI Build-Up for 2,000 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
$18.0K $9.00/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$15.9K $7.95/SF
− OpEx
−$4.8K −$2.38/SF
NOI
$11.1K $5.56/SF
Area
Comanche County, OK
Vacancy
11.70%
Lease Rate
$9.00 /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%
$222,520
Cap Rate 7%
$158,943
Cap Rate 9%
$123,622
Alternative Uses
Best Use
Multifamily LT 5
$158.9K
$139.1K – $185.4K
NOI $11,126 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$139.9K
$122.4K – $163.3K
NOI $9,795 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$491.8K
$430.4K – $573.8K
NOI $34,428 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
939
Businesses Nearby
Explore this area
Business Placement
Demographics for 73501, OK
19,158
Population
9,216
Households
2.1
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
105.0 sq mi
ZIP Area
182
Density / Sq Mi
$49,061
Median Household Income
$31,399
Median Earnings
$831
Median Rent
$119,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes private laundry, major appliances, and access to a fenced backyard area.
Where is this duplex located?
The property is located at 1408 NW Columbia Avenue 1 & 2 Lawton, OK.
What is the asking price?
The asking price for this property is $334,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,000 Sq Ft; Each unit includes 2 bedrooms and 2 bathrooms; Dedicated laundry rooms with washers and dryers included
