All-Brick Duplex with Fenced
For Sale
Contact for pricing
1731 S Yorktown Ave, Tulsa, OK 74104
One-level all-brick duplex with oak floors, arched entries, a German-tiled fireplace, fenced yard, and a 2-car garage.
Property Size2,086 SF
Price / SF$299.62
Days on Market160
Property Features for 1731 S Yorktown Ave
General Information
Standard status
Active
Size
2,086 SF
Class
A
Property subtype
Multifamily
Zoning
RS3
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$31,000
Building Details
Year Built
1940
Buildings
1
Stories
1
Units
2
Listing Agency:
Waterfront Realty
Listed By:
Vicki Heitgrass · License #158004
(918) 219-6011
Source:
Crexi
Added: Mar 30
Changed: Aug 16
Last Checked: Sep 4 at 4:00AM
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 Waterfront Realty
Investment Insights
Based on property information with market context.
This all-brick, one-level duplex features distinctive architectural details including full arches, casement windows, and oak floors throughout. Interior highlights include an office area with casement windows and an arched wooden front door, along with a hand-painted German tiled fireplace and well-appointed fixtures.
The property includes a park-like fenced yard and an attached 2-car garage, providing convenient outdoor space and off-street parking.
Designed as a residential income property, the duplex layout offers two units within a single, cohesive brick building with consistent character and finishes throughout.
The property includes a park-like fenced yard and an attached 2-car garage, providing convenient outdoor space and off-street parking.
Designed as a residential income property, the duplex layout offers two units within a single, cohesive brick building with consistent character and finishes throughout.
Key Highlights
- All‑brick, one‑level duplex built in 1940
- Oak floors throughout
- Architectural features include full arches and casement windows
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
$20,320
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
3.25%
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%
$406,400
$406.4K
Cap Rate 7%
$290,286
$290.3K
Cap Rate 9%
$225,778
$225.8K
Market Conditions
NOI Build-Up for 2,086 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
$32.0K $15.36/SF
− Vacancy
−$3.0K −$1.44/SF
EGI
$29.0K $13.92/SF
− OpEx
−$8.7K −$4.17/SF
NOI
$20.3K $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 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%
$406,400
Cap Rate 7%
$290,286
Cap Rate 9%
$225,778
Alternative Uses
Best Use
Multifamily LT 5
$290.3K
$254.0K – $338.7K
NOI $20,320 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$265.8K
$232.6K – $310.1K
NOI $18,607 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$444.9K
$389.3K – $519.1K
NOI $31,144 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,889
Businesses Nearby
Explore this area
Business Placement
Demographics for 74104, OK
12,395
Population
6,367
Households
1.9
Avg Household Size
31
Median Age
46%
College-Educated
90%
High-School Grad
2.7 sq mi
ZIP Area
4,591
Density / Sq Mi
$51,886
Median Household Income
$30,951
Median Earnings
$1,109
Median Rent
$224,500
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 - One-level all-brick duplex with oak floors, arched entries, a German-tiled fireplace, fenced yard, and a 2-car garage.
Where is this duplex located?
The property is located at 1731 S Yorktown Ave Tulsa, OK.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: All‑brick, one‑level duplex built in 1940; Oak floors throughout; Architectural features include full arches and casement windows
