Fenced Duplex with Storage
New
For Sale
$175,000
1652 NW 27th St, Lawton, OK 73505
Residential Income, Lawton, OK
Property Size952 SF
Lot Size0.22 Acres
Price / SF$183.82
Days on Market5
Property Features for 1652 NW 27th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Laundry Room, Bedroom 1, Bathroom 1
Parking features
Driveway
Patio and Porch features
Porch
Interior features
Master Downstairs
Fencing
Fenced
High school district
000000
Standard status
Active
APN
T010-000.000-0016-007.000
Size
952 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1659
Utilities
Heating system
Forced Air
Water source
Public
Amenities
chain linked fences
storage shed
Building Details
Year built
1953
Flooring type
Carpet, Laminate
Building materials
Wood Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Happy Homes Realty LLC
(580) 351-4765
Listed By:
Irene Ellis · License #173533
(580) 351-4765
Added: Aug 24
Changed: Aug 25
Last Checked: Aug 28 at 4:06PM
MLS# 11948913
Copyright © 2026 My State MLS. 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 duplex contains 952 square feet and was built in 1953. The two units have different layouts: one includes two bedrooms, two living areas, and one bathroom, while the other offers three bedrooms, one living area, and one bathroom. Interior finishes include laminate and carpet flooring, with forced-air heating and a downstairs primary bedroom. Each unit has access to a fenced area, and the property includes a storage shed for lawn-care equipment, a porch, and driveway parking.
The property is located at 1652 NW 27th St in Lawton, near Fort Sill, shopping, schools, and restaurants. Both units are occupied, with leases expiring on 06/30/2027 and 03/30/2027. Public water serves the property, and the exterior includes wood siding with an asphalt roof.
The property is located at 1652 NW 27th St in Lawton, near Fort Sill, shopping, schools, and restaurants. Both units are occupied, with leases expiring on 06/30/2027 and 03/30/2027. Public water serves the property, and the exterior includes wood siding with an asphalt roof.
Key Highlights
- Duplex totaling 952 square feet on a 0.2185‑acre lot
- One unit has 2 bedrooms, 2 living areas, and 1 bathroom
- Second unit includes 3 bedrooms, 1 living area, and 1 bathroom
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
$5,296
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
3.03%
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%
$105,920
$105.9K
Cap Rate 7%
$75,657
$75.7K
Cap Rate 9%
$58,844
$58.8K
Market Conditions
NOI Build-Up for 952 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
$8.6K $9.00/SF
− Vacancy
−$1.0K −$1.05/SF
EGI
$7.6K $7.95/SF
− OpEx
−$2.3K −$2.38/SF
NOI
$5.3K $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%
$105,920
Cap Rate 7%
$75,657
Cap Rate 9%
$58,844
Alternative Uses
Best Use
Multifamily LT 5
$75.7K
$66.2K – $88.3K
NOI $5,296 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$66.6K
$58.3K – $77.7K
NOI $4,662 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$234.1K
$204.8K – $273.1K
NOI $16,387 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Explore this area
Business Placement
Demographics for 73505, OK
46,881
Population
22,124
Households
2.1
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
64.6 sq mi
ZIP Area
726
Density / Sq Mi
$57,496
Median Household Income
$33,601
Median Earnings
$915
Median Rent
$147,200
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?
Duplex - Two occupied units offer distinct bedroom layouts, fenced outdoor areas, and driveway parking.
Where is this duplex located?
The property is located at 1652 NW 27th St Lawton, OK.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Duplex totaling 952 square feet on a 0.2185‑acre lot; One unit has 2 bedrooms, 2 living areas, and 1 bathroom; Second unit includes 3 bedrooms, 1 living area, and 1 bathroom
