Two-Unit Duplex on Fenced
400 Woods Drive Unit 402, Noble, OK 73068
For Sale
$224,900
Each residence has two bedrooms and one-and-a-half baths; one unit is vacant.
Property Size2,312 SF
Price / SF$97.28
Days on Market26
Property Features for 400 Woods Drive Unit 402
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Adams Family Real Estate LLC
Listed By:
Homer Adams
(405) 921-9434
Source:
Crosstimbersrealty
Added: Oct 16
Changed: Nov 4
Last Checked: Nov 9 at 7:49AM
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 Adams Family Real Estate LLC
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.
This duplex contains two matching residences with a combined 2,312 square feet. Each unit has two bedrooms and one-and-a-half baths, and the property sits on an oversized, fully fenced lot.
One residence is vacant, while the other is leased to a long-term occupant with two years remaining on the lease.
One residence is vacant, while the other is leased to a long-term occupant with two years remaining on the lease.
Key Highlights
- Two matching units, each with 2 bedrooms and 1.5 baths
- 2,312 square feet across both residences
- One unit is vacant; the other has 2 years remaining on its lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,188
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,760
$403.8K
Cap Rate 7%
$288,400
$288.4K
Cap Rate 9%
$224,311
$224.3K
Market Conditions
NOI Build-Up for 2,312 SF
Gross rent
$30.5K $13.20/SF
− Vacancy
−$1.7K −$0.73/SF
EGI
$28.8K $12.47/SF
− OpEx
−$8.7K −$3.74/SF
NOI
$20.2K $8.73/SF
Area
Cleveland County, OK
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,760
Cap Rate 7%
$288,400
Cap Rate 9%
$224,311
Alternative Uses
Best Use
Multifamily LT 5
$288.4K
$252.4K – $336.5K
NOI $20,188 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$268.6K
$235.1K – $313.4K
NOI $18,805 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$568.5K
$497.5K – $663.3K
NOI $39,798 @ 7.0% cap · market cap 17.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
Business Placement
Demographics for 73068, OK
12,368
Population
5,115
Households
2.4
Avg Household Size
38
Median Age
22%
College-Educated
88%
High-School Grad
64.5 sq mi
ZIP Area
192
Density / Sq Mi
$78,727
Median Household Income
$43,050
Median Earnings
$958
Median Rent
$188,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Cleveland County, OK
Properties on Market for Duplexes in Cleveland County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms and one-and-a-half baths; one unit is vacant.
Where is this duplex located?
The property is located at 400 Woods Drive Unit 402 Noble, OK.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Two matching units, each with 2 bedrooms and 1.5 baths; 2,312 square feet across both residences; One unit is vacant; the other has 2 years remaining on its lease
