Leased Duplex on Corner
321 N 12th Collinsville, OK 74133
321 N 12th, Collinsville, OK, 74133
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For Sale
Contact for pricing
Two-side duplex with both units leased, featuring recent paint, flooring, and approximately 3–4-year-old roof and HVAC updates.
Property Size1,846 SF
Price / SF$119.18
Days on Market85
Property Features for 321 N 12th
General Information
- Standard status
- Active
- Size
- 1,846 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1950
Listing agency
Coldwell Banker Commercial Select Tulsa
Listed by
Janet Vermillion · License #OK
Source
Crexi
Added: Apr 29 Updated: Jul 21 at 6:42PM Checked: Jul 21 at 6:42PM
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 Coldwell Banker Commercial Select Tulsa
Investment Insights
Based on property information with market context.
This duplex for sale sits on a corner lot and features two separately leased sides. Both units are currently leased, and the seller requests that tenants not be disturbed. Recent updates include paint and flooring on the property.
Additional improvements cited in the listing include a newer roof and HVAC systems, approximately 3–4 years old.
Buyers must provide proof of funds and/or a pre-approval letter before scheduling a showing. Appointments are coordinated through Janet Vermillion at 918-230-1915 (text or email) or [email protected].
Additional improvements cited in the listing include a newer roof and HVAC systems, approximately 3–4 years old.
Buyers must provide proof of funds and/or a pre-approval letter before scheduling a showing. Appointments are coordinated through Janet Vermillion at 918-230-1915 (text or email) or [email protected].
Key Highlights
- Two‑side duplex on a corner lot near 12th & Walnut in Collinsville
- Both sides are currently leased
- Recent updates include paint and flooring
Local 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 | $25.5k | $13.80 |
| − Vacancy | −$1.7k | −$0.90 |
| EGI | $23.8k | $12.90 |
| − OpEx | −$7.1k | −$3.87 |
| NOI | $16.7k | $9.03 |
1,846 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$238.2K
$208.4K – $277.9K
NOI $16,673 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$222.8K
$194.9K – $259.9K
NOI $15,593 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$489.9K
$428.6K – $571.5K
NOI $34,291 @ 7.0% cap · market cap 15.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-side duplex with both units leased, featuring recent paint, flooring, and approximately 3–4-year-old roof and HVAC updates.
Where is this duplex located?
The property is located at 321 N 12th Collinsville, OK.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑side duplex on a corner lot near 12th & Walnut in Collinsville; Both sides are currently leased; Recent updates include paint and flooring
