Renovated Duplex with
1409 N Winston Avenue, Tulsa, OK 74115
For Sale
$169,000
Two one-bedroom apartments feature mini-split heating and cooling, updated appliances, and separate parking.
Property Size1,246 SF
Price / SF$135.63
Days on Market299
Property Features for 1409 N Winston Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
Cochran & Co Realtors
Listed By:
Alex Cochran · License #202725
(918) 798-7883
Source:
Moreagency
Added: Jan 15
Changed: Nov 7
Last Checked: Nov 8 at 3:04PM
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 Cochran & Co Realtors
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Investment Insights
Based on property information with market context.
This 1,246-square-foot duplex contains two one-bedroom, one-bathroom apartments. Renovations were completed in 2020, and each unit has mini-split heating and cooling, updated flooring, a refrigerator, and a gas stove. A detached two-car garage serves the property, with parking provided for each unit. The building dates to 1947, and both apartments are leased.
The property offers access to highways. Its two-unit configuration combines separate living spaces with shared garage facilities.
The property offers access to highways. Its two-unit configuration combines separate living spaces with shared garage facilities.
Key Highlights
- Two one‑bedroom, one‑bathroom units in a 1,246‑square‑foot duplex
- Renovated in 2020; building constructed in 1947
- Detached two‑car garage and parking for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,138
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,760
$242.8K
Cap Rate 7%
$173,400
$173.4K
Cap Rate 9%
$134,867
$134.9K
Market Conditions
NOI Build-Up for 1,246 SF
Gross rent
$19.1K $15.36/SF
− Vacancy
−$1.8K −$1.44/SF
EGI
$17.3K $13.92/SF
− OpEx
−$5.2K −$4.17/SF
NOI
$12.1K $9.74/SF
Area
Tulsa, OK
Vacancy
9.40%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,760
Cap Rate 7%
$173,400
Cap Rate 9%
$134,867
Alternative Uses
Best Use
Multifamily LT 5
$173.4K
$151.7K – $202.3K
NOI $12,138 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$158.8K
$138.9K – $185.2K
NOI $11,114 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$265.8K
$232.5K – $310.1K
NOI $18,603 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 74115, OK
24,461
Population
9,583
Households
2.6
Avg Household Size
32
Median Age
9%
College-Educated
72%
High-School Grad
16.0 sq mi
ZIP Area
1,529
Density / Sq Mi
$43,111
Median Household Income
$27,179
Median Earnings
$987
Median Rent
$74,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Tulsa, OK
Properties on Market for Duplexes in Tulsa
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom apartments feature mini-split heating and cooling, updated appliances, and separate parking.
Where is this duplex located?
The property is located at 1409 N Winston Avenue Tulsa, OK.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bathroom units in a 1,246‑square‑foot duplex; Renovated in 2020; building constructed in 1947; Detached two‑car garage and parking for each unit
