Three-Duplex Multifamily
For Sale
$335,000
3110 NW Ferris Avenue, Lawton, OK 73505
Three duplexes feature six-month leases, with one unit held vacant for property showings.
Property Size4,050 SF
Days on Market38
Property Features for 3110 NW Ferris Avenue
General Information
Standard status
Active
Size
4,050 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$899
Building Details
Building Size
4,050 SF
Year Built
1953
Buildings
3
Stories
1
Units
3
Listing Agency:
Real Broker LLC
(405) 503-5057
Listed By:
Sara Odom
(405) 503-5057
Source:
Capitalrealestateok
Added: Jun 30
Changed: Aug 5
Last Checked: Aug 5 at 4:35AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This multifamily property comprises three duplexes built in 1953. The units are supported by six-month lease terms, and one unit is intentionally vacant to accommodate property showings. The remaining units have long-term tenants, with rents maintained below market levels for those established occupants.
Located at 3110 NW Ferris Avenue in Lawton, Oklahoma, the property is near Ft. Sill. Its existing duplex configuration and established tenancy provide a straightforward multifamily format for continued rental operations.
Located at 3110 NW Ferris Avenue in Lawton, Oklahoma, the property is near Ft. Sill. Its existing duplex configuration and established tenancy provide a straightforward multifamily format for continued rental operations.
Key Highlights
- Three duplexes included in the property
- 1953 construction year
- Six‑month lease terms
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.5k | $9.00 |
| − Vacancy | −$4.3k | −$1.05 |
| EGI | $32.2k | $7.95 |
| − OpEx | −$9.7k | −$2.38 |
| NOI | $22.5k | $5.56 |
4,050 SF · lease $9.00/SF/yr · vacancy 11.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$321.9K
$281.6K – $375.5K
NOI $22,530 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$283.3K
$247.9K – $330.6K
NOI $19,834 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$995.9K
$871.5K – $1.16M
NOI $69,716 @ 7.0% cap · market cap 20.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,137
Businesses Nearby
Explore this area
Business Placement
Demographics for 73505, OK
46,881
Population
22,124
Households
2.1
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
64.6 sq mi
ZIP Area
726
Density / Sq Mi
$57,496
Median Household Income
$33,601
Median Earnings
$915
Median Rent
$147,200
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 - Three duplexes feature six-month leases, with one unit held vacant for property showings.
Where is this duplex located?
The property is located at 3110 NW Ferris Avenue Lawton, OK.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Three duplexes included in the property; 1953 construction year; Six‑month lease terms
