602 Welston Circle, Norman, OK 73071
MULTI_FAMILY - Ranch - Norman, OK
- Added:
- Jan 16, 2026
- Days on Market:
- 146
- Last Refresh:
- Jun 11 at 4:06 am
Property Features for 602 Welston Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 12
- Bathrooms
- 8
- Rooms
- Bedroom 1, Bedroom 6, Bedroom 3, Bedroom 11, Bedroom 12, Bedroom 8, Bathroom 4, Bedroom 9, Bathroom 5, Bathroom 1, Bedroom 7, Bedroom 10, Bedroom 2, Bathroom 3, Bathroom 6, Bathroom 8, Bathroom 2, Bedroom 5, Bedroom 4, Bathroom 7
- Standard status
- Pending
- APN
- 602NONEWelston60473071
- Size
- 4,918 SF
- Lot size
- 0.44 Acres
Building Details
- Year built
- 2003
- Floors in Building
- 1
- Building materials
- Brick & Frame
- Roof type
- Composition
- Architectural style
- Ranch
Listing agent Jody Moore (405) 512-7966
Listing office Saxon Realty Group 3750 W Main Ste 160, Norman, OK (405) 361-3380
Listing date Jan 16, 2026
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.
HighLights
- Duplex property built in 2003 with brick & frame construction and a composition roof
- Two buildings totaling 4 units; each unit has 3 bedrooms and 2 bathrooms
- Each unit includes a 1‑car garage
- Kitchens are equipped with essential appliances
- Current status: 2 units leased and 2 units vacant
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.9k | $13.80 |
| − Vacancy | −$4.2k | −$0.85 |
| EGI | $63.7k | $12.95 |
| − OpEx | −$19.1k | −$3.88 |
| NOI | $44.6k | $9.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Norman
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.404031
- Latitude
- 35.210952
