Brick Duplex with Detached
New
For Sale
$315,000
2743 E 3rd St, Tulsa, OK 74104
Two occupied residences offer four bedrooms, updated kitchens and baths, and central heating and air.
Property Size1,590 SF
Price / SF$198.11
Days on Market7
Property Features for 2743 E 3rd St
General Information
Standard status
Active
Size
1,590 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Road Access
Yes
Multifamily Units
2
Amenities
covered porch
patio
privacy fence
central heat and air
included appliances
mature trees
Building Details
Year Built
1950
Buildings
1
Construction
brick
Listing Agency:
C21/First Choice Realty
(918) 489-5014
Listed By:
Century 21 Wright Real Estate
(918) 456-5288
Source:
Century21wright
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 7:15PM
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 C21/First Choice Realty
Investment Insights
Based on property information with market context.
This 1,590-square-foot brick duplex, built in 1950, contains two separate residences with a combined four bedrooms and two bathrooms. Both units have recently renovated kitchens and baths, refinished hardwood floors, central heat and air, and included appliances. The property is fully rented and includes a detached two-car garage.
Set on a corner lot, the property also features mature trees, a privacy fence, a covered porch, and a patio. The University of Tulsa is nearby, with Midtown shopping and dining and major roads also accessible from the property.
Set on a corner lot, the property also features mature trees, a privacy fence, a covered porch, and a patio. The University of Tulsa is nearby, with Midtown shopping and dining and major roads also accessible from the property.
Key Highlights
- Fully rented, two‑unit brick duplex
- 1,590 square feet; built in 1950
- Combined layout of 4 bedrooms and 2 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,489
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,780
$309.8K
Cap Rate 7%
$221,271
$221.3K
Cap Rate 9%
$172,100
$172.1K
Market Conditions
NOI Build-Up for 1,590 SF
Gross rent
$24.4K $15.36/SF
− Vacancy
−$2.3K −$1.44/SF
EGI
$22.1K $13.92/SF
− OpEx
−$6.6K −$4.17/SF
NOI
$15.5K $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 Rate 5%
$309,780
Cap Rate 7%
$221,271
Cap Rate 9%
$172,100
Alternative Uses
Best Use
Multifamily LT 5
$221.3K
$193.6K – $258.2K
NOI $15,489 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$202.6K
$177.3K – $236.4K
NOI $14,183 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$339.1K
$296.7K – $395.7K
NOI $23,739 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
618
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
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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 - Two occupied residences offer four bedrooms, updated kitchens and baths, and central heating and air.
Where is this duplex located?
The property is located at 2743 E 3rd St Tulsa, OK.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Fully rented, two‑unit brick duplex; 1,590 square feet; built in 1950; Combined layout of 4 bedrooms and 2 baths
