Two-Unit Duplex with
For Sale
$125,000
520 N Pennsylvania Avenue, Drumright, OK 74030
Residential, Drumright, OK
Property Size1,392 SF
Lot Size0.08 Acres
Price / SF$89.80
Days on Market47
Property Features for 520 N Pennsylvania Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4
Patio and Porch features
Patio
Appliances
Microwave, Range/Oven, Refrigerator
Subdivision
Drumright II
Lot features
Additional Land Available
Elementary school
Drumright
High school
Drumright
Elementary school district
Drumright - Sch Dist (45)
Middle school district
Drumright - Sch Dist (45)
High school district
Drumright - Sch Dist (45)
Directions
SH-33 into Drumright North on Pennsylvania Ave Duplex is on the right
Standard status
Active
APN
9071-00-007-000-0-050-00
Size
1,392 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DRUMRIGHT 2ND S 1/2 LOT 6 BLOCK 7
Tax Annual Amount
1031
Legal Description
DRUMRIGHT 2ND S 1/2 LOT 6 BLOCK 7
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1946
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
Wood Frame
Roof type
Fiberglass
Listing Agency:
eXp Realty, LLC
(405) 404-1924
Listed By:
Angela Brock · License #175671
(918) 978-5478
Added: Jul 8
Changed: Aug 20
Last Checked: Aug 23 at 1:06PM
MLS# 2622542
Copyright © 2026 MLS Technology, 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.
This wood-frame duplex provides 1,392 square feet on a 0.08-acre lot, with two separate residences under one roof. Each unit includes one bedroom, an additional bedroom or flex room without a closet, a full bathroom, and connections for a full-size stackable washer and dryer. Microwaves, ranges/ovens, and refrigerators remain with the property. Interior finishes include tile and carpet, while central heating, central air, and a patio add to the existing improvements. The fiberglass roof was installed in 2021, and the building dates to 1946.
The property is located at 520 N Pennsylvania Avenue in Drumright, Oklahoma, within ZIP Code 74030. One side is occupied by a long-term tenant on a month-to-month lease, while the other side was vacant at the time of listing.
The property is located at 520 N Pennsylvania Avenue in Drumright, Oklahoma, within ZIP Code 74030. One side is occupied by a long-term tenant on a month-to-month lease, while the other side was vacant at the time of listing.
Key Highlights
- Two‑unit duplex containing 1,392 square feet on a 0.08‑acre lot
- Each unit has one bedroom, a second flex room, a full bathroom, and laundry connections
- One side occupied on a month‑to‑month lease; the other side vacant at listing
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
$10,820
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
8.66%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
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
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 - Both residences include laundry connections, central systems, and the existing kitchen appliances.
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: Two‑unit duplex containing 1,392 square feet on a 0.08‑acre lot; Each unit has one bedroom, a second flex room, a full bathroom, and laundry connections; One side occupied on a month‑to‑month lease; the other side vacant at listing
