Duplex with Flexible
For Sale
$125,000
520 N Pennsylvania Avenue, Drumright, OK 74030
One residence is occupied on a month-to-month lease, while the other is vacant.
Property Size1,392 SF
Price / SF$89.80
Days on Market107
Property Features for 520 N Pennsylvania Avenue
General Information
Standard status
Active
Size
1,392 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,031
Amenities
Butcher Block Counters
Other
Ceiling Fan(s)
Electric Oven Connection
Electric Range Connection
Building Details
Building Size
1,392 SF
Year Built
1946
Stories
1
Units
2
Listed By:
Bill Whitescarver · License #137648
(918) 691-7653
Source:
Billwhitescarver
Added: Jul 8
Changed: Oct 22
Last Checked: Oct 22 at 2:15PM
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 Bill Whitescarver
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Investment Insights
Based on property information with market context.
The 1,392-square-foot duplex was built in 1946. Each residence has a bedroom with a closet, a separate room without a closet, a full bathroom, and connections for a full-size stackable washer and dryer. Appliances are included, and the roof was installed in 2021.
One unit is occupied under a month-to-month lease; the other is vacant. Each side previously rented for $700 per month.
One unit is occupied under a month-to-month lease; the other is vacant. Each side previously rented for $700 per month.
Key Highlights
- 1,392‑square‑foot duplex built in 1946
- Two units, each with a bedroom and a separate room without a closet
- Full bathroom and washer/dryer connections in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,820
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,400
$216.4K
Cap Rate 7%
$154,571
$154.6K
Cap Rate 9%
$120,222
$120.2K
Market Conditions
NOI Build-Up for 1,392 SF
Gross rent
$17.2K $12.36/SF
− Vacancy
−$1.7K −$1.26/SF
EGI
$15.5K $11.10/SF
− OpEx
−$4.6K −$3.33/SF
NOI
$10.8K $7.77/SF
Area
Creek County, OK
Vacancy
10.16%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,400
Cap Rate 7%
$154,571
Cap Rate 9%
$120,222
Alternative Uses
Best Use
Multifamily LT 5
$154.6K
$135.3K – $180.3K
NOI $10,820 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$141.8K
$124.1K – $165.5K
NOI $9,927 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$342.3K
$299.5K – $399.4K
NOI $23,962 @ 7.0% cap · market cap 19.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
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Business Placement
Demographics for 74030, OK
3,529
Population
1,675
Households
2.1
Avg Household Size
41
Median Age
12%
College-Educated
89%
High-School Grad
69.4 sq mi
ZIP Area
51
Density / Sq Mi
$42,208
Median Household Income
$37,839
Median Earnings
$523
Median Rent
$90,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is occupied on a month-to-month lease, while the other is vacant.
Where is this duplex located?
The property is located at 520 N Pennsylvania Avenue Drumright, OK.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 1,392‑square‑foot duplex built in 1946; Two units, each with a bedroom and a separate room without a closet; Full bathroom and washer/dryer connections in each unit
