Two-Unit Duplex with Attached
For Sale
$249,000
2805 Glen Oaks Drive #2807, Norman, OK 73071
Each residence includes two bedrooms, two full bathrooms, and a two-car garage.
Property Size1,887 SF
Price / SF$131.96
Days on Market36
Property Features for 2805 Glen Oaks Drive #2807
General Information
Standard status
Active
Size
1,887 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Building Size
1,887 SF
Year Built
1984
Buildings
1
Stories
1
Units
2
Listing Agency:
SERV Realty
(405) 646-0446
Listed By:
Samantha Mull
(405) 568-0659
Source:
Brandhorstrealty
Added: Oct 2
Changed: Nov 4
Last Checked: Nov 5 at 6:37PM
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 SERV Realty
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Investment Insights
Based on property information with market context.
This 1,887-square-foot duplex contains two residences, each with two bedrooms, two full bathrooms, and a two-car garage. The property was built in 1984. Refrigerators are included in both units, while one side also has a washer and dryer.
The duplex is located minutes from the OU campus. Its two-unit configuration supports rental income or owner occupancy with a separate residence available for rent.
The duplex is located minutes from the OU campus. Its two-unit configuration supports rental income or owner occupancy with a separate residence available for rent.
Key Highlights
- Two units, each with 2 bedrooms and 2 full bathrooms
- Each residence has a 2‑car garage
- 1,887 square feet of total living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,104
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,080
$342.1K
Cap Rate 7%
$244,343
$244.3K
Cap Rate 9%
$190,044
$190.0K
Market Conditions
NOI Build-Up for 1,887 SF
Gross rent
$26.0K $13.80/SF
− Vacancy
−$1.6K −$0.85/SF
EGI
$24.4K $12.95/SF
− OpEx
−$7.3K −$3.88/SF
NOI
$17.1K $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%
$342,080
Cap Rate 7%
$244,343
Cap Rate 9%
$190,044
Alternative Uses
Best Use
Multifamily LT 5
$244.3K
$213.8K – $285.1K
NOI $17,104 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$224.6K
$196.5K – $262.0K
NOI $15,720 @ 7.0% cap · market cap 6.31%
Theoretical Best
Specialty Retail
$326.1K
$285.3K – $380.4K
NOI $22,825 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
72
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
$206,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Cleveland County, OK
Properties on Market for Duplexes in Cleveland County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, two full bathrooms, and a two-car garage.
Where is this duplex located?
The property is located at 2805 Glen Oaks Drive #2807 Norman, OK.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 2 full bathrooms; Each residence has a 2‑car garage; 1,887 square feet of total living space
