Two-Unit
For Sale
$250,000
2230 Donna Drive Unit 2232, Norman, OK 73071
Each residence offers two bedrooms and one-and-a-half baths, with both units currently occupied by tenants.
Property Size2,090 SF
Price / SF$119.62
Days on Market41
Property Features for 2230 Donna Drive Unit 2232
General Information
Standard status
Active
Size
2,090 SF
Property subtype
Half Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,000
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,093
Building Details
Building Size
2,090 SF
Year Built
1971
Tenancy
Multi
Listing Agency:
MK Partners Inc
Listed By:
Steven McKenzie
(405) 314-6399
Source:
Baileecompany
Added: Sep 18
Changed: Oct 27
Last Checked: Oct 26 at 11:34AM
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 MK Partners Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1971, this duplex contains two separate residences, each configured with two bedrooms and one-and-a-half baths. The property totals 2,090 square feet, and the two units are being offered together rather than separately.
The duplex is approximately a four-minute drive from OU Gaylord Stadium. Both residences are currently rented; each generates $1,000 per month.
The duplex is approximately a four-minute drive from OU Gaylord Stadium. Both residences are currently rented; each generates $1,000 per month.
Key Highlights
- Two‑unit duplex totaling 2,090 square feet
- Each unit has 2 bedrooms and 1.5 baths
- Both units currently rent for $1,000 each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,944
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,880
$378.9K
Cap Rate 7%
$270,629
$270.6K
Cap Rate 9%
$210,489
$210.5K
Market Conditions
NOI Build-Up for 2,090 SF
Gross rent
$28.8K $13.80/SF
− Vacancy
−$1.8K −$0.85/SF
EGI
$27.1K $12.95/SF
− OpEx
−$8.1K −$3.88/SF
NOI
$18.9K $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%
$378,880
Cap Rate 7%
$270,629
Cap Rate 9%
$210,489
Alternative Uses
Best Use
Multifamily LT 5
$270.6K
$236.8K – $315.7K
NOI $18,944 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$248.7K
$217.6K – $290.2K
NOI $17,411 @ 7.0% cap · market cap 6.96%
Theoretical Best
Specialty Retail
$361.2K
$316.0K – $421.4K
NOI $25,281 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
291
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms and one-and-a-half baths, with both units currently occupied by tenants.
Where is this duplex located?
The property is located at 2230 Donna Drive Unit 2232 Norman, OK.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,090 square feet; Each unit has 2 bedrooms and 1.5 baths; Both units currently rent for $1,000 each
