Three-Bedroom Duplex with Granite
For Sale
$340,000
1846 Post Oak Rd Unit 1848, El Reno, OK 73036
Two residential units combine open living areas, upgraded finishes, and private primary suites with walk-in closets.
Property Size2,450 SF
Price / SF$138.78
Days on Market41
Property Features for 1846 Post Oak Rd Unit 1848
General Information
Standard status
Active
Size
2,450 SF
Property subtype
Multi-Family
Building Details
Year Built
2019
Listing Agency:
Baca Realty Group LLC
(405) 545-0582
Listed By:
Kelley Baca · License #174371
Source:
Alloverok
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 12:04AM
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 Baca Realty Group LLC
Investment Insights
Based on property information with market context.
Located at 1846 Post Oak Rd Unit 1848 in El Reno, Oklahoma, this 2019 duplex includes two residential units with matching layouts. Each side offers an open-concept living area, stained concrete flooring, a kitchen with granite countertops and streamlined cabinetry, three bedrooms, and two full bathrooms. Oil-rubbed bronze fixtures and other upgraded finishes carry throughout both units.
Each residence includes a primary suite with a private bathroom and large walk-in closet. The two-unit configuration supports separate household occupancy and provides a built-in rental-income component for an owner-user or residential investor.
Each residence includes a primary suite with a private bathroom and large walk-in closet. The two-unit configuration supports separate household occupancy and provides a built-in rental-income component for an owner-user or residential investor.
Key Highlights
- Two‑unit duplex at 1846 Post Oak Rd Unit 1848, El Reno, OK 73036
- Built in 2019
- Each unit includes 3 bedrooms and 2 full bathrooms
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
$15,919
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
4.68%
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%
$318,380
$318.4K
Cap Rate 7%
$227,414
$227.4K
Cap Rate 9%
$176,878
$176.9K
Market Conditions
NOI Build-Up for 2,450 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
$25.0K $10.20/SF
− Vacancy
−$2.2K −$0.92/SF
EGI
$22.7K $9.28/SF
− OpEx
−$6.8K −$2.78/SF
NOI
$15.9K $6.50/SF
Area
Canadian County, OK
Vacancy
9.00%
Lease Rate
$10.20 /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%
$318,380
Cap Rate 7%
$227,414
Cap Rate 9%
$176,878
Alternative Uses
Best Use
Multifamily LT 5
$227.4K
$199.0K – $265.3K
NOI $15,919 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$191.3K
$167.4K – $223.2K
NOI $13,389 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$533.5K
$466.8K – $622.4K
NOI $37,342 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 73036, OK
19,602
Population
7,790
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
87%
High-School Grad
183.8 sq mi
ZIP Area
107
Density / Sq Mi
$59,617
Median Household Income
$35,660
Median Earnings
$912
Median Rent
$162,900
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 residential units combine open living areas, upgraded finishes, and private primary suites with walk-in closets.
Where is this duplex located?
The property is located at 1846 Post Oak Rd Unit 1848 El Reno, OK.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Two‑unit duplex at 1846 Post Oak Rd Unit 1848, El Reno, OK 73036; Built in 2019; Each unit includes 3 bedrooms and 2 full bathrooms
