2240 Donna Drive, Norman, OK 73071
MULTI_FAMILY - Other - Norman, OK
- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 10:06 am
Property Features for 2240 Donna Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2
- Standard status
- Active
- APN
- 2240NONEDonna2238and224073071
- Size
- 2,024 SF
- Lot size
- 0.20 Acres
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1978
- Floors in Building
- 1
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing agent Bella Queirolo (661) 414-3928
Listing office Keller Williams Realty-Mulinix 3421 W Rock Creek Rd Ste 100, Norman, OK (405) 329-6976
Listing date Jun 26, 2026
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully occupied duplex with tenants in place on both sides, providing immediate rental income
- 2,024 total SF; each unit has 2 bedrooms and 1 full bathroom
- Each unit includes a 1‑car garage
- Recent updates: newer stoves and dishwashers in both units
- One unit has a new washer, dryer, and water heater
- Brick construction; heated with natural gas and cooled with central air
Overview
The property is located in Norman, Oklahoma, in close proximity to the University of Oklahoma. This area context may appeal to buyers seeking an income-producing residential asset near a major university.
For investors or owner-operators looking for a ready-to-rent setup, the duplex provides two mirrored unit layouts with practical in-unit amenities and garage parking for residents. The existing occupancy and unit-level updates can also reduce near-term capital concerns tied to basic appliances and key household systems. The combination of established tenancy, defined unit configurations, and the recent appliance and laundry/water heater improvements make this duplex a straightforward option for expanding a rental portfolio or starting a first residential income purchase.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.9k | $13.80 |
| − Vacancy | −$1.7k | −$0.85 |
| EGI | $26.2k | $12.95 |
| − OpEx | −$7.9k | −$3.88 |
| NOI | $18.3k | $9.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Norman
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.427172
- Latitude
- 35.200571
