Two-Story Duplex with
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 Market52
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:
The Shockley Group
(918) 212-6122
Listed By:
Century 21 Wright Real Estate
(918) 456-5288
Source:
Century21wright
Added: Sep 2
Changed: Oct 21
Last Checked: Oct 23 at 7:24AM
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 The Shockley Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$11,133
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
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
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
