Two-Unit Duplex with Attached
For Sale
$385,000
1900 Investors Avenue, El Reno, OK 73036
Two matching residences combine open living areas with private three-bedroom, two-bathroom layouts.
Property Size2,490 SF
Price / SF$154.62
Days on Market26
Property Features for 1900 Investors Avenue
General Information
Standard status
Active
Size
2,490 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
playground
basketball court
covered pavilion
Building Details
Building Size
2,490 SF
Year Built
2024
Buildings
1
Stories
1
Units
1
Listing Agency:
Dobson & Company LLC
Listed By:
Thad Dobson · License #149881
(405) 255-3302
Source:
Eastwoodrealtygroup
Added: Oct 2
Changed: Oct 25
Last Checked: Oct 26 at 3:48AM
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
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Investment Insights
Based on property information with market context.
Completed in 2024, this single-level duplex contains two residences totaling 2,490 square feet. Each unit has three bedrooms, two full bathrooms, an attached two-car garage, and an open-concept living area. Stained-concrete floors, neutral finishes, granite kitchen counters, cabinetry, black appliances, pendant lights, and breakfast-bar seating are included in each home.
Residents have access to a community playground, basketball court, and covered pavilion. The property is at 1900 Investors Avenue in El Reno, Oklahoma.
Residents have access to a community playground, basketball court, and covered pavilion. The property is at 1900 Investors Avenue in El Reno, Oklahoma.
Key Highlights
- Two residences with 2,490 total square feet
- Built in 2024
- Each unit includes 3 bedrooms and 2 full bathrooms
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
215
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 - Two matching residences combine open living areas with private three-bedroom, two-bathroom layouts.
Where is this duplex located?
The property is located at 1900 Investors Avenue 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: Two residences with 2,490 total square feet; Built in 2024; Each unit includes 3 bedrooms and 2 full bathrooms
