2-Unit Duplex with Attached
For Sale
$385,000
1906 Investors Ave, El Reno, OK 73036
Each residence has three bedrooms, two bathrooms, and an attached two-car garage.
Property Size2,490 SF
Price / SF$154.62
Days on Market12
Property Features for 1906 Investors Ave
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
Parking per Unit
2
Amenities
playground
basketball court
covered pavilion
Building Details
Year Built
2024
Buildings
1
Stories
1
Listing Agency:
Dobson & Company LLC
Listed By:
Thad Dobson · License #149881
(405) 255-3302
Source:
Exprealty
Added: Oct 2
Changed: Oct 12
Last Checked: Oct 12 at 9:24PM
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 single-level duplex contains 2,490 square feet across two residences. The property has six bedrooms, four full bathrooms, and four garage spaces. Both units feature three bedrooms, two bathrooms, and an attached two-car garage. Open-concept living areas connect to kitchens with granite countertops, cabinetry, black appliances, pendant lighting, and breakfast-bar seating. Stained-concrete floors and neutral finishes complete the interiors.
Residents also have access to community amenities that include a playground, basketball court, and covered pavilion.
Residents also have access to community amenities that include a playground, basketball court, and covered pavilion.
Key Highlights
- Built in 2024; 2,490 square feet
- Two units, each with 3 bedrooms and 2 bathrooms
- Four attached garage spaces total, with a 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
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two bathrooms, and an attached two-car garage.
Where is this duplex located?
The property is located at 1906 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: Built in 2024; 2,490 square feet; Two units, each with 3 bedrooms and 2 bathrooms; Four attached garage spaces total, with a two‑car garage for each unit
