Brick Duplex with Two
For Sale
$240,000
2240 Donna Drive, Norman, OK 73071
Residential Income, Norman, OK
Property Size2,024 SF
Lot Size0.20 Acres
Price / SF$118.58
Days on Market102
Property Features for 2240 Donna Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2
Lot features
Campus Area, Interior Lot
Elementary school
Madison ES
Middle school
Irving MS
High school
Norman HS
Elementary school district
Norman
Middle school district
Norman
High school district
Norman
Directions
From east Highway 9, go north on Classen, east on Drake drive, then make the first right onto Donna drive.
Standard status
Active
APN
2240NONEDonna2238and224073071
Size
2,024 SF
Lot size
0.20 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric
Building Details
Year built
1978
Floors in Building
1
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Realty-Mulinix
(405) 329-6976
Listed By:
Bella Queirolo
(661) 414-3928
Added: Jun 26
Changed: Oct 3
Last Checked: Oct 5 at 11:06PM
MLS# 1236501
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.
Investment Insights
Based on property information with market context.
This 2,024-square-foot duplex contains two residential units, each with 2 bedrooms, 1 full bathroom, and a 1-car garage. Both sides are currently occupied by tenants. The property sits on a 0.2-acre lot and was built in 1978 with brick construction, a composition roof, natural gas heating, and electric cooling.
Recent improvements include newer stoves and dishwashers in both units, along with a new washer, dryer, and water heater in one unit. The property is located near the University of Oklahoma in Norman, providing proximity to the campus while maintaining a residential setting. Its existing occupancy and two-unit layout support continued use as a residential income property.
Recent improvements include newer stoves and dishwashers in both units, along with a new washer, dryer, and water heater in one unit. The property is located near the University of Oklahoma in Norman, providing proximity to the campus while maintaining a residential setting. Its existing occupancy and two-unit layout support continued use as a residential income property.
Key Highlights
- Two‑unit duplex with 2,024 square feet of total property size
- Each unit includes 2 bedrooms, 1 full bathroom, and a 1‑car garage
- Fully occupied with tenants in place on both sides
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.
Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with established tenants and updated appliances in both units.
Where is this duplex located?
The property is located at 2240 Donna Drive 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‑unit duplex with 2,024 square feet of total property size; Each unit includes 2 bedrooms, 1 full bathroom, and a 1‑car garage; Fully occupied with tenants in place on both sides
