Two-Story Duplex with
New
For Sale
$239,000
316 W 7th St, Claremore, OK 74017
The two-level property includes distinct one- and two-bedroom living arrangements with kitchens and living areas.
Property Size1,670 SF
Price / SF$143.11
Days on Market3
Property Features for 316 W 7th St
General Information
Standard status
Active
Size
1,670 SF
Property subtype
Multi-Family
Building Details
Year Built
1940
Listing Agency:
RE/MAX & Associates
(918) 683-1221
Listed By:
Century 21 Wright Real Estate
(918) 456-5288
Source:
Century21wright
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 4 at 5:25AM
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 RE/MAX & Associates
Investment Insights
Based on property information with market context.
Built in 1940, this 1,670-square-foot duplex is arranged across two levels with different layouts for each residence. The lower unit contains one bedroom, one bathroom, a kitchen, and a living area. Upstairs, the larger unit provides two bedrooms, one bathroom, a kitchen, a living area, and a spacious patio.
The property is located at 316 W 7th St in Claremore, Oklahoma. A roof replacement completed in 2020 adds a recent improvement to the building’s physical profile.
The property is located at 316 W 7th St in Claremore, Oklahoma. A roof replacement completed in 2020 adds a recent improvement to the building’s physical profile.
Key Highlights
- 1,670‑square‑foot duplex built in 1940
- Two‑story configuration with one- and two‑bedroom units
- Lower residence includes 1 bedroom, 1 bathroom, kitchen, and living area
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
$11,133
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
4.66%
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%
$222,660
$222.7K
Cap Rate 7%
$159,043
$159.0K
Cap Rate 9%
$123,700
$123.7K
Market Conditions
NOI Build-Up for 1,670 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
$22.8K $13.68/SF
− Vacancy
−$2.6K −$1.56/SF
EGI
$20.2K $12.12/SF
− OpEx
−$9.1K −$5.45/SF
NOI
$11.1K $6.67/SF
Area
Rogers County, OK
Vacancy
11.40%
Lease Rate
$13.68 /SF/Yr
Expense Ratio
45.00%
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%
$222,660
Cap Rate 7%
$159,043
Cap Rate 9%
$123,700
Alternative Uses
Best Use
Apartment 5plus
$159.0K
$139.2K – $185.6K
NOI $11,133 @ 7.0% cap · market cap 4.66%
Second Best
Multifamily LT 5
$134.0K
$117.3K – $156.4K
NOI $9,382 @ 7.0% cap · market cap 3.93%
Theoretical Best
Specialty Retail
$418.3K
$366.0K – $488.0K
NOI $29,278 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,396
Businesses Nearby
Explore this area
Business Placement
Demographics for 74017, OK
29,083
Population
12,038
Households
2.4
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
140.5 sq mi
ZIP Area
207
Density / Sq Mi
$65,519
Median Household Income
$38,165
Median Earnings
$1,015
Median Rent
$184,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - The two-level property includes distinct one- and two-bedroom living arrangements with kitchens and living areas.
Where is this duplex located?
The property is located at 316 W 7th St Claremore, OK.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 1,670‑square‑foot duplex built in 1940; Two‑story configuration with one- and two‑bedroom units; Lower residence includes 1 bedroom, 1 bathroom, kitchen, and living area
