Three-Unit Multifamily
For Sale
$115,000
1412 NW Andrews Avenue, Lawton, OK 73507
Built in 1952 and positioned near shopping, dining, and other local amenities.
Property Size1,248 SF
Days on Market164
Property Features for 1412 NW Andrews Avenue
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Residential Income
Additional Details
Average Monthly Rent
$350
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$530
Building Details
Building Size
1,248 SF
Year Built
1952
Listing Agency:
The Real Estate Lab, LLC
(405) 757-5500
Listed By:
Aubrey Roberts
(405) 757-5500
Source:
Capitalrealestateok
Added: Mar 6
Changed: Aug 13
Last Checked: Aug 16 at 2:53PM
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 The Real Estate Lab, LLC
Investment Insights
Based on property information with market context.
This triplex contains three residential units and was constructed in 1952. Each unit is described as having a practical layout for everyday living, supporting the property’s existing residential use. The units are currently rented, providing an established multifamily operating profile without stating rental amounts.
The property is located at 1412 NW Andrews Avenue in Lawton, Oklahoma, near local amenities, shopping, and dining. Those nearby conveniences add context for the property’s residential tenant base. Showings are scheduled with an accepted offer, and tenant privacy should be maintained during the process.
The property is located at 1412 NW Andrews Avenue in Lawton, Oklahoma, near local amenities, shopping, and dining. Those nearby conveniences add context for the property’s residential tenant base. Showings are scheduled with an accepted offer, and tenant privacy should be maintained during the process.
Key Highlights
- Three residential units in one triplex property
- All three units are currently rented
- Constructed in 1952
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
$6,942
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
6.04%
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%
$138,840
$138.8K
Cap Rate 7%
$99,171
$99.2K
Cap Rate 9%
$77,133
$77.1K
Market Conditions
NOI Build-Up for 1,248 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
$11.2K $9.00/SF
− Vacancy
−$1.3K −$1.05/SF
EGI
$9.9K $7.95/SF
− OpEx
−$3.0K −$2.38/SF
NOI
$6.9K $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%
$138,840
Cap Rate 7%
$99,171
Cap Rate 9%
$77,133
Alternative Uses
Best Use
Multifamily LT 5
$99.2K
$86.8K – $115.7K
NOI $6,942 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$87.3K
$76.4K – $101.9K
NOI $6,112 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$306.9K
$268.5K – $358.1K
NOI $21,483 @ 7.0% cap · market cap 18.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
Explore this area
Business Placement
Demographics for 73507, OK
21,605
Population
10,504
Households
2.1
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
243.8 sq mi
ZIP Area
89
Density / Sq Mi
$61,092
Median Household Income
$36,244
Median Earnings
$916
Median Rent
$155,400
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 - Built in 1952 and positioned near shopping, dining, and other local amenities.
Where is this triplex located?
The property is located at 1412 NW Andrews Avenue Lawton, OK.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Three residential units in one triplex property; All three units are currently rented; Constructed in 1952
