Two-Unit
New
For Sale
$224,900
400 Woods Drive, Noble, OK 73068
Residential, Noble, OK
Property Size2,312 SF
Lot Size0.22 Acres
Price / SF$97.28
Days on Market2
Property Features for 400 Woods Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 3
Window features
Window Treatments
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Stained Wood
Fencing
Chain Link
Fireplace
1
Appliances
Dishwasher, Disposal
Lot features
Corner Lot
Elementary school
Katherine I. Daily ES
Middle school
Curtis Inge MS
High school
Noble HS
Elementary school district
Noble
Middle school district
Noble
High school district
Noble
Directions
Hwy 9 & Hwy 77 GO South to Noble. Turn East on Woods Drive & go 2 blocks property on south side of street.
Standard status
Active
APN
400NONEWoods40273068
Size
2,312 SF
Lot size
0.22 Acres
Utilities
Utilities
Cable Available
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
1980
Flooring type
Combo, Carpet, Laminate
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Adams Family Real Estate LLC
(405) 285-4600
Listed By:
Homer Adams
(405) 921-9434
Added: Oct 16
Last Checked: Oct 17 at 11:06AM
MLS# 1254275
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.
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Investment Insights
Based on property information with market context.
This 1980-built duplex contains two matching residences, each arranged with two bedrooms and one-and-a-half bathrooms. The combined building area is 2,312 square feet on a 0.22-acre parcel. Brick and frame construction, patios, chain-link fencing, and heat-pump heating and cooling are among the property’s features.
One residence is vacant, while the other is occupied under a lease with two years remaining. Both units sit within a fenced lot.
One residence is vacant, while the other is occupied under a lease with two years remaining. Both units sit within a fenced lot.
Key Highlights
- Two matching units, each with 2 bedrooms and 1.5 bathrooms
- 2,312‑square‑foot building on a 0.22‑acre lot
- One unit is vacant; the other has 2 years remaining on its lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,996
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,920
$399.9K
Cap Rate 7%
$285,657
$285.7K
Cap Rate 9%
$222,178
$222.2K
Market Conditions
NOI Build-Up for 2,312 SF
Gross rent
$38.8K $16.80/SF
− Vacancy
−$2.5K −$1.08/SF
EGI
$36.4K $15.72/SF
− OpEx
−$16.4K −$7.08/SF
NOI
$20.0K $8.65/SF
Area
Cleveland County, OK
Vacancy
6.40%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,920
Cap Rate 7%
$285,657
Cap Rate 9%
$222,178
Alternative Uses
Best Use
Multifamily LT 5
$308.7K
$270.1K – $360.2K
NOI $21,609 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$285.7K
$250.0K – $333.3K
NOI $19,996 @ 7.0% cap · market cap 8.89%
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
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms and one-and-a-half baths, with one unit vacant and the other under lease.
Where is this duplex located?
The property is located at 400 Woods Drive 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 bathrooms; 2,312‑square‑foot building on a 0.22‑acre lot; One unit is vacant; the other has 2 years remaining on its lease
