Duplex with Attached
For Sale
$385,000
1868 Investors Ave, El Reno, OK 73036
Each residence pairs open living space with a three-bedroom, two-bathroom layout.
Property Size2,490 SF
Price / SF$154.62
Days on Market12
Property Features for 1868 Investors Ave
General Information
Standard status
Active
Size
2,490 SF
Total Parking Spaces
4
Property subtype
Residential Income
Amenities
playground
basketball court
covered pavilion
Building Details
Year Built
2024
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Dobson & Company LLC
Listed By:
Thad Dobson · License #149881
(405) 255-3302
Source:
Exprealty
Added: Oct 2
Changed: Oct 10
Last Checked: Oct 12 at 8:38PM
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 Dobson & Company LLC
Investment Insights
Based on property information with market context.
Completed in 2024, this duplex contains 2,490 square feet across two residences. Each unit has three bedrooms, two full bathrooms, an attached two-car garage, and an open-concept living area. Stained-concrete floors and neutral finishes provide durable interior surfaces. Kitchens are appointed with granite counters, cabinetry, black appliances, pendant lights, and breakfast-bar seating.
Residents also have access to a playground, basketball court, and covered pavilion within the community.
Residents also have access to a playground, basketball court, and covered pavilion within the community.
Key Highlights
- 2,490‑square‑foot duplex built in 2024
- Two units, each with 3 bedrooms and 2 full bathrooms
- Four garage spaces total, with an attached two‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,179
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,580
$323.6K
Cap Rate 7%
$231,129
$231.1K
Cap Rate 9%
$179,767
$179.8K
Market Conditions
NOI Build-Up for 2,490 SF
Gross rent
$25.4K $10.20/SF
− Vacancy
−$2.3K −$0.92/SF
EGI
$23.1K $9.28/SF
− OpEx
−$6.9K −$2.78/SF
NOI
$16.2K $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%
$323,580
Cap Rate 7%
$231,129
Cap Rate 9%
$179,767
Alternative Uses
Best Use
Multifamily LT 5
$231.1K
$202.2K – $269.7K
NOI $16,179 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$194.4K
$170.1K – $226.8K
NOI $13,607 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$542.2K
$474.4K – $632.5K
NOI $37,952 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
215
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence pairs open living space with a three-bedroom, two-bathroom layout.
Where is this duplex located?
The property is located at 1868 Investors Ave El Reno, OK.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2,490‑square‑foot duplex built in 2024; Two units, each with 3 bedrooms and 2 full bathrooms; Four garage spaces total, with an attached two‑car garage for each unit
