Two-Unit Duplex with
New
For Sale
$165,000
24 W Rachel Street, Bixby, OK 74008
Residential, Bixby, OK
Property Size892 SF
Lot Size0.19 Acres
Price / SF$184.98
Days on Market2
Property Features for 24 W Rachel Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bathroom 1
Window features
Aluminum Frames
Patio and Porch features
Patio
Interior features
High Speed Internet, Internet Wired
Exterior features
Sidewalk
Fencing
Chain Link, Privacy
Fireplace
1
Appliances
Dishwasher, Range/Oven, Refrigerator
Subdivision
Devine-Ellard addn
Lot features
Greenbelt
Elementary school
Central
High school
Bixby
Elementary school district
Bixby - Sch Dist (4)
Middle school district
Bixby - Sch Dist (4)
High school district
Bixby - Sch Dist (4)
Directions
From 151st St S and Memorial Dr, head south on Memorial Dr. Continue south to Rachel St, then turn right (west) onto W Rachel St. Continue on W Rachel St to the property at 24 W Rachel St, Bixby, OK 74008.
Standard status
Active
APN
57675-73-24-02680
Size
892 SF
Lot size
0.19 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 4 BLK 5
Tax Annual Amount
2489
Legal Description
LOT 4 BLK 5
Utilities
Utilities
Water Available
Heating system
Central
Cooling system
Central Air
Amenities
fireplace
washer/dryer hookups
patio area
Building Details
Year built
1978
Floors in Building
1
Flooring type
Wood veneer, Carpet
Building materials
Wood Frame
Roof type
Fiberglass
Buildings
1
Listing Agency:
Tulsa United Realty Group
(918) 255-0300
Listed By:
Francheska Umpierre
(918) 265-4616
Added: Oct 27
Changed: Oct 28
Last Checked: Oct 28 at 5:06AM
MLS# 2638659
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1978, this 892-square-foot duplex contains two residences, each with two bedrooms, a fireplace, washer and dryer hookups, and a patio. Interior features include new carpet and refinished bathrooms. Refrigerators are included, and one residence also has a washer and dryer. Separate utility meters serve the two units, and neither has a residence above or below it.
The property occupies a 0.193-acre lot in Bixby, Oklahoma, with access to Memorial Drive. The duplex is being sold as a single package; the units are not available individually.
The property occupies a 0.193-acre lot in Bixby, Oklahoma, with access to Memorial Drive. The duplex is being sold as a single package; the units are not available individually.
Key Highlights
- Two‑unit duplex with 892 square feet of building area
- Each residence has 2 bedrooms, a fireplace, washer and dryer hookups, and a patio
- Separate utility meters for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,954
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$159,080
$159.1K
Cap Rate 7%
$113,629
$113.6K
Cap Rate 9%
$88,378
$88.4K
Market Conditions
NOI Build-Up for 892 SF
Gross rent
$12.3K $13.80/SF
− Vacancy
−$947 −$1.06/SF
EGI
$11.4K $12.74/SF
− OpEx
−$3.4K −$3.82/SF
NOI
$8.0K $8.92/SF
Area
Tulsa County, OK
Vacancy
7.69%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$159,080
Cap Rate 7%
$113,629
Cap Rate 9%
$88,378
Alternative Uses
Best Use
Multifamily LT 5
$113.6K
$99.4K – $132.6K
NOI $7,954 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$98.9K
$86.6K – $115.4K
NOI $6,925 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$201.0K
$175.9K – $234.5K
NOI $14,072 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
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Business Placement
Demographics for 74008, OK
31,745
Population
12,447
Households
2.6
Avg Household Size
36
Median Age
44%
College-Educated
95%
High-School Grad
74.3 sq mi
ZIP Area
427
Density / Sq Mi
$95,476
Median Household Income
$48,691
Median Earnings
$1,302
Median Rent
$303,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are offered together, with separate utility meters and private outdoor patio areas.
Where is this duplex located?
The property is located at 24 W Rachel Street Bixby, OK.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two‑unit duplex with 892 square feet of building area; Each residence has 2 bedrooms, a fireplace, washer and dryer hookups, and a patio; Separate utility meters for each residence
