Two-Unit Duplex
For Sale
$170,000
303 10th NW, Ardmore, OK 73401
Duplex includes one occupied unit and one vacant unit available for lease.
Property Size1,645 SF
Price / SF$103.34
Days on Market79
Property Features for 303 10th NW
General Information
Standard status
Active
Size
1,645 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1950
Listing Agency:
1 Oak Real Estate Co
Listed By:
Erica Nipp
(580) 768-3462
Source:
Cheathamrealty
Added: Jul 21
Changed: Sep 18
Last Checked: Oct 5 at 9:32PM
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 1 Oak Real Estate Co
Investment Insights
Based on property information with market context.
This 1,645-square-foot duplex was built in 1950 and contains two residential units. One unit is currently rented, while the second is vacant and available for lease, creating a property with existing occupancy and an unleased unit.
Key Highlights
- Two‑unit duplex with 1,645 SF of building area
- One unit currently rented
- Second unit is vacant and available for lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,787
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,740
$255.7K
Cap Rate 7%
$182,671
$182.7K
Cap Rate 9%
$142,078
$142.1K
Market Conditions
NOI Build-Up for 1,645 SF
Gross rent
$20.3K $12.36/SF
− Vacancy
−$2.1K −$1.26/SF
EGI
$18.3K $11.10/SF
− OpEx
−$5.5K −$3.33/SF
NOI
$12.8K $7.77/SF
Area
Carter County, OK
Vacancy
10.16%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,740
Cap Rate 7%
$182,671
Cap Rate 9%
$142,078
Alternative Uses
Best Use
Multifamily LT 5
$182.7K
$159.8K – $213.1K
NOI $12,787 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$167.6K
$146.6K – $195.5K
NOI $11,731 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$421.9K
$369.1K – $492.2K
NOI $29,531 @ 7.0% cap · market cap 17.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 73401, OK
36,744
Population
16,349
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
88%
High-School Grad
351.5 sq mi
ZIP Area
105
Density / Sq Mi
$60,288
Median Household Income
$39,005
Median Earnings
$960
Median Rent
$174,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex includes one occupied unit and one vacant unit available for lease.
Where is this duplex located?
The property is located at 303 10th NW Ardmore, OK.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,645 SF of building area; One unit currently rented; Second unit is vacant and available for lease
