Historic Two-Unit
For Sale
$430,000
2724 E 14th Street, Tulsa, OK 74104
Separate entrances and matching two-bedroom layouts support flexible occupancy or rental use.
Property Size2,686 SF
Days on Market22
Property Features for 2724 E 14th Street
General Information
Standard status
Active
Size
2,686 SF
Property subtype
Multi Family Home
Taxes and HOA fees
Annual Taxes
$2,282
Building Details
Building Size
2,686 SF
Year Built
1929
Stories
2
Units
2
Listing Agency:
Coldwell Banker Select
(918) 629-9897
Listed By:
Sally Mulready · License #156079
(918) 629-9897
Source:
Eufaulaproperties
Added: Jul 31
Changed: Aug 21
Last Checked: Aug 21 at 4:43AM
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 Coldwell Banker Select
Investment Insights
Based on property information with market context.
Built in 1929, this duplex contains two residences with substantially similar floor plans. Each level includes a living room, dining area, kitchen, two bedrooms, and a full bathroom. The lower unit connects to a porch, while the upper unit has a private front entry and a rear staircase overlooking the backyard.
The property includes a detached one-car garage and a large basement. Basement space provides storage and serves as a tornado shelter. With two independent living areas, the building can accommodate owner occupancy alongside a rental arrangement or function as a two-unit income property.
The property includes a detached one-car garage and a large basement. Basement space provides storage and serves as a tornado shelter. With two independent living areas, the building can accommodate owner occupancy alongside a rental arrangement or function as a two-unit income property.
Key Highlights
- Two‑unit duplex constructed in 1929
- Each residence includes two bedrooms, a living room, dining area, kitchen, and full bathroom
- Upper apartment has a private front entrance and rear staircase
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,165
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$523,300
$523.3K
Cap Rate 7%
$373,786
$373.8K
Cap Rate 9%
$290,722
$290.7K
Market Conditions
NOI Build-Up for 2,686 SF
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.
Gross rent
$41.3K $15.36/SF
− Vacancy
−$3.9K −$1.44/SF
EGI
$37.4K $13.92/SF
− OpEx
−$11.2K −$4.17/SF
NOI
$26.2K $9.74/SF
Area
Tulsa, OK
Vacancy
9.40%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$523,300
Cap Rate 7%
$373,786
Cap Rate 9%
$290,722
Alternative Uses
Best Use
Multifamily LT 5
$373.8K
$327.1K – $436.1K
NOI $26,165 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$342.3K
$299.5K – $399.3K
NOI $23,959 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$572.9K
$501.3K – $668.4K
NOI $40,102 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,102
Businesses Nearby
Explore this area
Business Placement
Demographics for 74104, OK
12,395
Population
6,367
Households
1.9
Avg Household Size
31
Median Age
46%
College-Educated
90%
High-School Grad
2.7 sq mi
ZIP Area
4,591
Density / Sq Mi
$51,886
Median Household Income
$30,951
Median Earnings
$1,109
Median Rent
$224,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances and matching two-bedroom layouts support flexible occupancy or rental use.
Where is this duplex located?
The property is located at 2724 E 14th Street Tulsa, OK.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two‑unit duplex constructed in 1929; Each residence includes two bedrooms, a living room, dining area, kitchen, and full bathroom; Upper apartment has a private front entrance and rear staircase
