Brick Duplex with New
For Sale
$367,000
400 N Willowood Drive, Yukon, OK 73099
Residential Income, Yukon, OK
Property Size2,784 SF
Lot Size0.15 Acres
Price / SF$131.82
Days on Market47
Property Features for 400 N Willowood Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 4
Parking
4
Fireplace
1
Appliances
Dishwasher, Disposal, Microwave, Water Heater
Lot features
Interior Lot
Elementary school
Mustang Creek ES
Middle school
Meadow Brook Intermediate School,Mustang Central
High school
Mustang HS
Elementary school district
Mustang
Middle school district
Mustang
High school district
Mustang
Directions
This duplex is just south of I-40 between Czech Hall and Mustang Rd.
Standard status
Active
APN
400NWillowood400and40273099
Size
2,784 SF
Lot size
0.15 Acres
Taxes and HOA fees
HOA Fee
$1,000 Annually
Amenities
community pool
Building Details
Year built
2003
Floors in Building
1
Building materials
Brick, Masonry Vaneer
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Keller Williams Realty Elite
(405) 948-7500
Listed By:
Michelle Mclaughlin
(405) 406-9378
Added: Jul 14
Changed: Aug 29
Last Checked: Aug 29 at 7:06AM
MLS# 1233500
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2003, this brick duplex contains two ranch-style residences totaling 2,784 square feet, with 1,392 square feet per unit. Each side includes three bedrooms, two bathrooms, and a two-car garage. One residence features tile and luxury vinyl plank flooring, granite kitchen surfaces, and stainless steel appliances. The other is scheduled for interior updates beginning September 1, including new paint, stainless appliances, granite countertops, and LVP flooring. Refrigerators and washers and dryers are tenant-owned.
The property has a new composition roof, exterior paint completed in 2023, and a replacement fence installed in 2024. A secured area accommodates oversized vehicles and boats. Community amenities include a pool, while front-yard maintenance is provided through the homeowners association. The address is near I-40, Mustang Road, and Czech Hall, with restaurants and shopping nearby.
The property has a new composition roof, exterior paint completed in 2023, and a replacement fence installed in 2024. A secured area accommodates oversized vehicles and boats. Community amenities include a pool, while front-yard maintenance is provided through the homeowners association. The address is near I-40, Mustang Road, and Czech Hall, with restaurants and shopping nearby.
Key Highlights
- Two‑unit brick duplex totaling 2,784 square feet
- Each unit offers 3 bedrooms, 2 bathrooms, 1,392 square feet, and a 2‑car garage
- New composition roof; exterior paint completed in 2023
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
$18,089
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
4.93%
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%
$361,780
$361.8K
Cap Rate 7%
$258,414
$258.4K
Cap Rate 9%
$200,989
$201.0K
Market Conditions
NOI Build-Up for 2,784 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
$28.4K $10.20/SF
− Vacancy
−$2.6K −$0.92/SF
EGI
$25.8K $9.28/SF
− OpEx
−$7.8K −$2.78/SF
NOI
$18.1K $6.50/SF
Area
Canadian County, OK
Vacancy
9.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$361,780
Cap Rate 7%
$258,414
Cap Rate 9%
$200,989
Alternative Uses
Best Use
Multifamily LT 5
$258.4K
$226.1K – $301.5K
NOI $18,089 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$217.3K
$190.2K – $253.6K
NOI $15,214 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$606.2K
$530.4K – $707.2K
NOI $42,433 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Explore this area
Business Placement
Demographics for 73099, OK
83,213
Population
32,654
Households
2.5
Avg Household Size
35
Median Age
35%
College-Educated
94%
High-School Grad
124.7 sq mi
ZIP Area
667
Density / Sq Mi
$86,198
Median Household Income
$46,490
Median Earnings
$1,255
Median Rent
$229,400
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 - Two ranch-style units offer updated interiors, private garages, and access to community amenities.
Where is this duplex located?
The property is located at 400 N Willowood Drive Yukon, OK.
What is the asking price?
The asking price for this property is $367,000.
What are key features of this property?
This property features: Two‑unit brick duplex totaling 2,784 square feet; Each unit offers 3 bedrooms, 2 bathrooms, 1,392 square feet, and a 2‑car garage; New composition roof; exterior paint completed in 2023
