New
For Sale
$334,500
2001 Leeds Lane 2001/2003, Norman, OK 73071
Built in 2003, the property is classified as a duplex in Norman.
Property Size2,459 SF
Price / SF$136.03
Days on Market6
Property Features for 2001 Leeds Lane 2001/2003
General Information
Standard status
Active
Size
2,459 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Amenities
Electric
Traditional
Building Details
Year Built
2003
Stories
1
Listing Agency:
Meraki Real Estate
Listed By:
Zandrea Waldenville
(405) 401-0448
Source:
Evrealestate
Added: Nov 1
Last Checked: Nov 4 at 12:06PM
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 Meraki Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Norman duplex was built in 2003 and has a traditional exterior. The property information identifies electric among its interior features.
Key Highlights
- Built in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,288
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,760
$445.8K
Cap Rate 7%
$318,400
$318.4K
Cap Rate 9%
$247,644
$247.6K
Market Conditions
NOI Build-Up for 2,459 SF
Gross rent
$33.9K $13.80/SF
− Vacancy
−$2.1K −$0.85/SF
EGI
$31.8K $12.95/SF
− OpEx
−$9.6K −$3.88/SF
NOI
$22.3K $9.06/SF
Area
Norman, OK
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,760
Cap Rate 7%
$318,400
Cap Rate 9%
$247,644
Alternative Uses
Best Use
Multifamily LT 5
$318.4K
$278.6K – $371.5K
NOI $22,288 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$292.7K
$256.1K – $341.4K
NOI $20,486 @ 7.0% cap · market cap 6.12%
Theoretical Best
Specialty Retail
$424.9K
$371.8K – $495.7K
NOI $29,744 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 73071, OK
43,379
Population
19,192
Households
2.3
Avg Household Size
31
Median Age
42%
College-Educated
94%
High-School Grad
23.3 sq mi
ZIP Area
1,862
Density / Sq Mi
$59,258
Median Household Income
$32,830
Median Earnings
$1,059
Median Rent
$206,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Cleveland County, OK
Properties on Market for Duplexes in Cleveland County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2003, the property is classified as a duplex in Norman.
Where is this duplex located?
The property is located at 2001 Leeds Lane 2001/2003 Norman, OK.
What is the asking price?
The asking price for this property is $334,500.
What are key features of this property?
This property features: Built in 2003
