Duplex with Attached
For Sale
$334,500
16411645-1641 High Cir, Norman, OK 73071
Each residence has three bedrooms, two bathrooms and a fireplace.
Property Size2,445 SF
Price / SF$136.81
Days on Market11
Property Features for 16411645-1641 High Cir
General Information
Standard status
Active
Size
2,445 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
attached garage
fireplace
Building Details
Year Built
2000
Listing Agency:
Meraki Real Estate
(405) 306-7766
Listed By:
Zandrea Waldenville
(405) 401-0448
Source:
Exprealty
Added: Oct 27
Changed: Nov 1
Last Checked: Nov 4 at 1:56PM
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 Meraki Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2000, this duplex comprises two residences, each with three bedrooms, two bathrooms, an attached garage and a fireplace. The 1641 unit contains approximately 1,230 square feet, while 1645 has approximately 1,215 square feet, for approximately 2,445 square feet combined.
The property is located near the University of Oklahoma and Downtown Norman, with shopping, dining and entertainment also noted nearby.
The property is located near the University of Oklahoma and Downtown Norman, with shopping, dining and entertainment also noted nearby.
Key Highlights
- Two‑residence duplex built in 2000
- 1641: approximately 1,230 square feet; 1645: approximately 1,215 square feet
- Approximately 2,445 square feet combined
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,161
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,220
$443.2K
Cap Rate 7%
$316,586
$316.6K
Cap Rate 9%
$246,233
$246.2K
Market Conditions
NOI Build-Up for 2,445 SF
Gross rent
$33.7K $13.80/SF
− Vacancy
−$2.1K −$0.85/SF
EGI
$31.7K $12.95/SF
− OpEx
−$9.5K −$3.88/SF
NOI
$22.2K $9.06/SF
Area
Norman, OK
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,220
Cap Rate 7%
$316,586
Cap Rate 9%
$246,233
Alternative Uses
Best Use
Multifamily LT 5
$316.6K
$277.0K – $369.4K
NOI $22,161 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$291.0K
$254.6K – $339.5K
NOI $20,369 @ 7.0% cap · market cap 6.09%
Theoretical Best
Specialty Retail
$422.5K
$369.7K – $492.9K
NOI $29,575 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 73071, OK
43,379
Population
19,192
Households
2.3
Avg Household Size
31
Median Age
42%
College-Educated
94%
High-School Grad
23.3 sq mi
ZIP Area
1,862
Density / Sq Mi
$59,258
Median Household Income
$32,830
Median Earnings
$1,059
Median Rent
$206,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Cleveland County, OK
Properties on Market for Duplexes in Cleveland County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two bathrooms and a fireplace.
Where is this duplex located?
The property is located at 16411645-1641 High Cir Norman, OK.
What is the asking price?
The asking price for this property is $334,500.
What are key features of this property?
This property features: Two‑residence duplex built in 2000; 1641: approximately 1,230 square feet; 1645: approximately 1,215 square feet; Approximately 2,445 square feet combined
