New Construction
For Sale
$358,000
203 SW 17th Street, Lawton, OK 73507
Two modern residences offer open layouts, private fenced yards, and dedicated laundry rooms.
Property Size2,300 SF
Days on Market220
Property Features for 203 SW 17th Street
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
Electric
Central Elec
Dishwasher
Disposal
Microwave
Refrigerator
Washer/Dryer
Shingle
Building Details
Building Size
2,300 SF
Year Built
2026
Stories
1
Listing Agency:
Cadence Real Estate
(405) 313-8239
Listed By:
Kat Thompson
Source:
Kw
Added: Jan 24
Changed: Aug 30
Last Checked: Sep 1 at 12:17AM
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 Cadence Real Estate
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex at 203 SW 17th Street in Lawton includes two residences, each arranged with three bedrooms and two full bathrooms. Interiors combine open living areas with luxury vinyl flooring, granite countertops, breakfast bars, pantry storage, and natural light. Kitchens are equipped with refrigerators, dishwashers, ranges, and built-in microwaves.
Each residence has a primary suite with a private bathroom featuring a dual-sink vanity and tiled shower. Dedicated laundry rooms include full-sized washers and dryers, while covered front porches and fenced backyard areas extend the usable living space. The property’s layout also includes two additional bedrooms per residence, providing room for guests, office use, or other household needs.
Each residence has a primary suite with a private bathroom featuring a dual-sink vanity and tiled shower. Dedicated laundry rooms include full-sized washers and dryers, while covered front porches and fenced backyard areas extend the usable living space. The property’s layout also includes two additional bedrooms per residence, providing room for guests, office use, or other household needs.
Key Highlights
- 2026 construction at 203 SW 17th Street, Lawton, OK 73507
- Two residences, each with 3 bedrooms and 2 bathrooms
- Luxury vinyl flooring and granite countertops throughout each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,795
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$255,900
$255.9K
Cap Rate 7%
$182,786
$182.8K
Cap Rate 9%
$142,167
$142.2K
Market Conditions
NOI Build-Up for 2,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.7K $9.00/SF
− Vacancy
−$2.4K −$1.05/SF
EGI
$18.3K $7.95/SF
− OpEx
−$5.5K −$2.38/SF
NOI
$12.8K $5.56/SF
Area
Comanche County, OK
Vacancy
11.70%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$255,900
Cap Rate 7%
$182,786
Cap Rate 9%
$142,167
Alternative Uses
Best Use
Multifamily LT 5
$182.8K
$159.9K – $213.3K
NOI $12,795 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$160.9K
$140.8K – $187.7K
NOI $11,264 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$565.6K
$494.9K – $659.9K
NOI $39,592 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
976
Businesses Nearby
Explore this area
Business Placement
Demographics for 73507, OK
21,605
Population
10,504
Households
2.1
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
243.8 sq mi
ZIP Area
89
Density / Sq Mi
$61,092
Median Household Income
$36,244
Median Earnings
$916
Median Rent
$155,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two modern residences offer open layouts, private fenced yards, and dedicated laundry rooms.
Where is this duplex located?
The property is located at 203 SW 17th Street Lawton, OK.
What is the asking price?
The asking price for this property is $358,000.
What are key features of this property?
This property features: 2026 construction at 203 SW 17th Street, Lawton, OK 73507; Two residences, each with 3 bedrooms and 2 bathrooms; Luxury vinyl flooring and granite countertops throughout each unit
