Two-Unit Duplex with
1852 Cypress Lane, El Reno, OK 73036
For Sale
$323,000
Both residences are vacant, with matching three-bedroom, two-bath layouts and garage parking for each unit.
Property Size2,450 SF
Price / SF$131.84
Days on Market190
Property Features for 1852 Cypress Lane
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
H&W Realty Branch
Listed By:
Allie Webb
(405) 317-5841
Source:
Arrivedokc
Added: May 5
Changed: Nov 10
Last Checked: Nov 9 at 5:30PM
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 H&W Realty Branch
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Investment Insights
Based on property information with market context.
Built in 2020, this duplex contains two mirrored residences, each with three bedrooms, two bathrooms, approximately 1,225 square feet, and a two-car garage. The property totals approximately 2,450 square feet and has been freshly painted. Both units are vacant.
Key Highlights
- Two mirrored units, both vacant
- Each residence has 3 bedrooms and 2 bathrooms
- Approximately 1,225 square feet per unit; approximately 2,450 square feet total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,919
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
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
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 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 4.93%
Second Best
Apartment 5plus
$191.3K
$167.4K – $223.2K
NOI $13,389 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$533.5K
$466.8K – $622.4K
NOI $37,342 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, with matching three-bedroom, two-bath layouts and garage parking for each unit.
Where is this duplex located?
The property is located at 1852 Cypress Lane El Reno, OK.
What is the asking price?
The asking price for this property is $323,000.
What are key features of this property?
This property features: Two mirrored units, both vacant; Each residence has 3 bedrooms and 2 bathrooms; Approximately 1,225 square feet per unit; approximately 2,450 square feet total
