Occupied Duplex with Attached
For Sale
$240,000
2240 Donna Drive #2238 and 2240, Norman, OK 73071
Both residences are leased and include two bedrooms, a full bath, and a one-car garage.
Property Size2,024 SF
Price / SF$118.58
Days on Market119
Property Features for 2240 Donna Drive #2238 and 2240
General Information
Standard status
Active
Size
2,024 SF
Total Parking Spaces
2
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Building Details
Building Size
2,024 SF
Year Built
1978
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty-Mulinix
(405) 329-6976
Listed By:
Bella Queirolo
(661) 414-3928
Source:
Brandhorstrealty
Added: Jun 26
Changed: Oct 22
Last Checked: Oct 22 at 2:27PM
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 Keller Williams Realty-Mulinix
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 1978 duplex contains two occupied residences, each arranged with two bedrooms, one full bathroom, and a one-car garage. The combined building area is 2,024 square feet. Both sides have newer stoves and dishwashers; one unit also has a newer washer, dryer, and water heater.
The property is on Donna Drive in Norman, near the University of Oklahoma. Tenants are in place in both units.
The property is on Donna Drive in Norman, near the University of Oklahoma. Tenants are in place in both units.
Key Highlights
- Two occupied units, each with 2 bedrooms and 1 full bathroom
- Each residence includes a 1‑car garage
- 2,024 square feet total building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,345
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,900
$366.9K
Cap Rate 7%
$262,071
$262.1K
Cap Rate 9%
$203,833
$203.8K
Market Conditions
NOI Build-Up for 2,024 SF
Gross rent
$27.9K $13.80/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$26.2K $12.95/SF
− OpEx
−$7.9K −$3.88/SF
NOI
$18.3K $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%
$366,900
Cap Rate 7%
$262,071
Cap Rate 9%
$203,833
Alternative Uses
Best Use
Multifamily LT 5
$262.1K
$229.3K – $305.8K
NOI $18,345 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$240.9K
$210.8K – $281.0K
NOI $16,862 @ 7.0% cap · market cap 7.03%
Theoretical Best
Specialty Retail
$349.7K
$306.0K – $408.0K
NOI $24,482 @ 7.0% cap · market cap 10.20%
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
6
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 - Both residences are leased and include two bedrooms, a full bath, and a one-car garage.
Where is this duplex located?
The property is located at 2240 Donna Drive #2238 and 2240 Norman, OK.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two occupied units, each with 2 bedrooms and 1 full bathroom; Each residence includes a 1‑car garage; 2,024 square feet total building area
