Newly Constructed
For Sale
$358,000
2122 Charles Whitlow Ave, Lawton, OK 73501
Fully leased duplex with modern interiors, private fenced yards, and open-concept living areas on each side.
Property Size2,300 SF
Price / SF$155.65
Days on Market229
Property Features for 2122 Charles Whitlow Ave
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
Cadence Real Estate
(405) 313-8239
Listed By:
Kathryn Thompson
(405) 313-8239
Source:
Exprealty
Added: Jan 15
Changed: Aug 31
Last Checked: Aug 31 at 7:00PM
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.
This newly constructed duplex at 2122 Charles Whitlow Ave in Lawton, Oklahoma, contains two residences with a practical three-bedroom, two-bathroom layout on each side. The 2,300-square-foot property features open living and kitchen areas, luxury vinyl tile flooring, granite or quartz countertops, center islands with breakfast bars, pantries, and stainless steel appliances.
Each residence includes a primary suite with a walk-in closet, dual-sink bathroom vanity, and tiled shower. Two additional bedrooms can accommodate household, guest, or office needs, while the second full bathroom provides linen storage. Covered front porches and fully fenced backyards serve both units. The duplex is fully leased and includes modern finishes throughout.
Each residence includes a primary suite with a walk-in closet, dual-sink bathroom vanity, and tiled shower. Two additional bedrooms can accommodate household, guest, or office needs, while the second full bathroom provides linen storage. Covered front porches and fully fenced backyards serve both units. The duplex is fully leased and includes modern finishes throughout.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 bathrooms on each side
- 2,300‑square‑foot newly constructed property
- Fully leased duplex at 2122 Charles Whitlow Ave, Lawton, OK
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Explore this area
Business Placement
Demographics for 73501, OK
19,158
Population
9,216
Households
2.1
Avg Household Size
37
Median Age
16%
College-Educated
87%
High-School Grad
105.0 sq mi
ZIP Area
182
Density / Sq Mi
$49,061
Median Household Income
$31,399
Median Earnings
$831
Median Rent
$119,400
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 - Fully leased duplex with modern interiors, private fenced yards, and open-concept living areas on each side.
Where is this duplex located?
The property is located at 2122 Charles Whitlow Ave 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: Two‑unit duplex with 3 bedrooms and 2 bathrooms on each side; 2,300‑square‑foot newly constructed property; Fully leased duplex at 2122 Charles Whitlow Ave, Lawton, OK
