Updated Duplex
For Sale
$315,000
Pending
608 Ottawa Pl, Yukon, OK 73099
Two occupied residences offer refreshed interiors with matching two-bedroom, two-bathroom layouts.
Property Size2,244 SF
Days on Market142
Property Features for 608 Ottawa Pl
General Information
Standard status
Pending
Size
2,244 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Listing Agency:
The Property Center LLC
(405) 474-1228
Listed By:
Abbie Davis · License #155984
(405) 474-1228
Source:
Exprealty
Added: Mar 24
Changed: Aug 10
Last Checked: Aug 11 at 12:23PM
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 The Property Center LLC
Investment Insights
Based on property information with market context.
This updated duplex in Yukon includes two separate residences with the same practical configuration: each unit has 2 bedrooms and 2 bathrooms. Combined, the property provides 4 bedrooms and 4 bathrooms across 2,244 square feet of living space.
Both units are currently occupied, and interior improvements provide a refreshed presentation throughout. The property is located at 608 Ottawa Pl in Yukon, Oklahoma.
Both units are currently occupied, and interior improvements provide a refreshed presentation throughout. The property is located at 608 Ottawa Pl in Yukon, Oklahoma.
Key Highlights
- Both duplex units are currently occupied
- Each residence includes 2 bedrooms and 2 bathrooms
- 4 total bedrooms and 4 total bathrooms
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
$14,580
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
4.63%
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%
$291,600
$291.6K
Cap Rate 7%
$208,286
$208.3K
Cap Rate 9%
$162,000
$162.0K
Market Conditions
NOI Build-Up for 2,244 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
$22.9K $10.20/SF
− Vacancy
−$2.1K −$0.92/SF
EGI
$20.8K $9.28/SF
− OpEx
−$6.2K −$2.78/SF
NOI
$14.6K $6.50/SF
Area
Canadian County, OK
Vacancy
9.00%
Lease Rate
$10.20 /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%
$291,600
Cap Rate 7%
$208,286
Cap Rate 9%
$162,000
Alternative Uses
Best Use
Multifamily LT 5
$208.3K
$182.3K – $243.0K
NOI $14,580 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$175.2K
$153.3K – $204.4K
NOI $12,263 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$488.6K
$427.5K – $570.1K
NOI $34,203 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
Demographics for 73099, OK
83,213
Population
32,654
Households
2.5
Avg Household Size
35
Median Age
35%
College-Educated
94%
High-School Grad
124.7 sq mi
ZIP Area
667
Density / Sq Mi
$86,198
Median Household Income
$46,490
Median Earnings
$1,255
Median Rent
$229,400
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 - Two occupied residences offer refreshed interiors with matching two-bedroom, two-bathroom layouts.
Where is this duplex located?
The property is located at 608 Ottawa Pl Yukon, OK.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Both duplex units are currently occupied; Each residence includes 2 bedrooms and 2 bathrooms; 4 total bedrooms and 4 total bathrooms
