Two-Unit Duplex with Private
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
Bathroom 1, Bedroom 1, Bedroom 2
Window features
Aluminum Frames
Patio and Porch features
Patio
Interior features
High Speed Internet, Internet Wired
Exterior features
Sidewalk
Fencing
Privacy, Chain Link
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 and dryer hookups
patio area
Building Details
Year built
1978
Floors in Building
1
Flooring type
Carpet, Wood veneer
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
Last Checked: Oct 28 at 3:06AM
MLS# 2638656
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.
This 1978 wood-frame duplex contains two residences, each with two bedrooms, a fireplace, washer and dryer hookups, and a private patio. Recent interior work includes new carpet and refinished bathrooms. Refrigerators are included in both units, and one residence also has a washer and dryer. The property measures 892 square feet on a 0.193-acre lot, with central heating and air conditioning, privacy and chain-link fencing, and sidewalk access. Water is available.
Both units are being sold as one package rather than separately. Each has its own utility meters, and neither has another unit above or below it. The property is on W Rachel Street in Bixby, with access to Memorial Drive.
Both units are being sold as one package rather than separately. Each has its own utility meters, and neither has another unit above or below it. The property is on W Rachel Street in Bixby, with access to Memorial Drive.
Key Highlights
- Two‑unit duplex offered as a single package
- Each residence has 2 bedrooms, a fireplace, washer and dryer hookups, and a patio
- 892 square feet on a 0.193‑acre lot
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.
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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 two-bedroom residences are offered together, with separate utility meters and individual outdoor spaces.
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 offered as a single package; Each residence has 2 bedrooms, a fireplace, washer and dryer hookups, and a patio; 892 square feet on a 0.193‑acre lot
