Triplex with Detached
2015 E 2nd Street, Tulsa, OK 74104
For Sale
$350,000
Pending
Three leased residences occupy one lot, with fenced outdoor areas and a detached garage.
Property Size2,148 SF
Days on Market116
Property Features for 2015 E 2nd Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Amenities
fenced yards
Building Details
Year Built
Buildings
Listing Agency:
AOG Real Estate
(539) 867-4306
Listed By:
Toby Kubler · License OK #209139
(918) 209-9245
Source:
Spiritrealtygroup
Added: Jul 17
Changed: Nov 9
Last Checked: Nov 9 at 9:52AM
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 AOG Real Estate
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Investment Insights
Based on property information with market context.
This triplex property combines a duplex with a separate detached home on one lot. The duplex contains two one-bedroom, one-bathroom residences; the detached house has two bedrooms and one bathroom. Together, the buildings provide 2,148 square feet of living space. All three residences are leased month to month. Updates include refinished hardwood flooring, vinyl windows, mini-split heating and cooling systems, and gas floor furnaces for supplemental heat. Appliances are included, and the property has two fenced yards and a detached two-car garage.
The property is in Tulsa’s Kendall Whittier District. The Kendall Whittier Farmers Market and Circle Cinema are 0.4 miles away, and Mother Road Market is 1.1 miles away. The detached house also has private alley access.
The property is in Tulsa’s Kendall Whittier District. The Kendall Whittier Farmers Market and Circle Cinema are 0.4 miles away, and Mother Road Market is 1.1 miles away. The detached house also has private alley access.
Key Highlights
- Three residences: two 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath home
- 2,148 square feet of living space on one lot
- Detached two‑car garage and two separate fenced yards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,924
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,480
$418.5K
Cap Rate 7%
$298,914
$298.9K
Cap Rate 9%
$232,489
$232.5K
Market Conditions
NOI Build-Up for 2,148 SF
Gross rent
$33.0K $15.36/SF
− Vacancy
−$3.1K −$1.44/SF
EGI
$29.9K $13.92/SF
− OpEx
−$9.0K −$4.17/SF
NOI
$20.9K $9.74/SF
Area
Tulsa, OK
Vacancy
9.40%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,480
Cap Rate 7%
$298,914
Cap Rate 9%
$232,489
Alternative Uses
Best Use
Multifamily LT 5
$298.9K
$261.6K – $348.7K
NOI $20,924 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$273.7K
$239.5K – $319.3K
NOI $19,160 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$458.1K
$400.9K – $534.5K
NOI $32,069 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
Explore this area
Business Placement
Demographics for 74104, OK
12,395
Population
6,367
Households
1.9
Avg Household Size
31
Median Age
46%
College-Educated
90%
High-School Grad
2.7 sq mi
ZIP Area
4,591
Density / Sq Mi
$51,886
Median Household Income
$30,951
Median Earnings
$1,109
Median Rent
$224,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three leased residences occupy one lot, with fenced outdoor areas and a detached garage.
Where is this triplex located?
The property is located at 2015 E 2nd Street Tulsa, OK.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three residences: two 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath home; 2,148 square feet of living space on one lot; Detached two‑car garage and two separate fenced yards
