Tenant-Occupied
For Sale
$378,000
1663 Comice Dr, Newcastle, OK 73065
Two-unit residential property with open living areas and updated farmhouse-inspired finishes.
Property Size2,584 SF
Price / SF$146.28
Days on Market71
Property Features for 1663 Comice Dr
General Information
Standard status
Active
Size
2,584 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2021
Buildings
1
Tenancy
Multi
Listing Agency:
PR Agency, LLC
Listed By:
Andrew Armstrong
(405) 204-8215
Source:
Theokclife
Added: Aug 7
Changed: Oct 7
Last Checked: Oct 7 at 12:55PM
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 PR Agency, LLC
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Investment Insights
Based on property information with market context.
This 2,584-square-foot duplex offers an open interior arrangement with a kitchen island, extensive cabinet storage, and generous counter space. The residences include well-proportioned bedrooms and bathrooms, along with modern farmhouse-inspired interior colors.
The property is currently occupied by tenants and is located at 1663 Comice Dr in Newcastle, Oklahoma. Its two-unit configuration provides residential income potential within an established housing setting.
The property is currently occupied by tenants and is located at 1663 Comice Dr in Newcastle, Oklahoma. Its two-unit configuration provides residential income potential within an established housing setting.
Key Highlights
- 2,584‑square‑foot duplex at 1663 Comice Dr, Newcastle, OK
- Currently occupied by tenants
- Open interior layout with a center kitchen island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,151
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,020
$483.0K
Cap Rate 7%
$345,014
$345.0K
Cap Rate 9%
$268,344
$268.3K
Market Conditions
NOI Build-Up for 2,584 SF
Gross rent
$36.9K $14.28/SF
− Vacancy
−$2.4K −$0.93/SF
EGI
$34.5K $13.35/SF
− OpEx
−$10.4K −$4.01/SF
NOI
$24.2K $9.35/SF
Area
McClain County, OK
Vacancy
6.50%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,020
Cap Rate 7%
$345,014
Cap Rate 9%
$268,344
Alternative Uses
Best Use
Multifamily LT 5
$345.0K
$301.9K – $402.5K
NOI $24,151 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$319.3K
$279.4K – $372.5K
NOI $22,348 @ 7.0% cap · market cap 5.91%
Theoretical Best
Specialty Retail
$624.6K
$546.5K – $728.7K
NOI $43,721 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 73065, OK
9,725
Population
4,413
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
91%
High-School Grad
51.8 sq mi
ZIP Area
188
Density / Sq Mi
$93,451
Median Household Income
$51,717
Median Earnings
$990
Median Rent
$240,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with open living areas and updated farmhouse-inspired finishes.
Where is this duplex located?
The property is located at 1663 Comice Dr Newcastle, OK.
What is the asking price?
The asking price for this property is $378,000.
What are key features of this property?
This property features: 2,584‑square‑foot duplex at 1663 Comice Dr, Newcastle, OK; Currently occupied by tenants; Open interior layout with a center kitchen island
