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    Tulsa Duplex in Shadow Mountain Title is generated by Realmo AI

    6920 S 78th E Avenue, Tulsa, OK 74133

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    For Sale
    $395,000

    DUPLEX - Tulsa, OK

    Property size:
    3,120 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $126/SF
    Added:
    May 1, 2026
    Days on Market:
    30
    Last Refresh:
    May 30 at 1:06 am

    Property Features for 6920 S 78th E Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 1
    Window features
    Vinyl Frames, Aluminum Frames
    Fencing
    Privacy
    Fireplace
    1
    Appliances
    Dishwasher, Range/Oven
    Standard status
    Active
    APN
    37430-83-02-56970
    Size
    3,120 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    N40.77 & S40.23 Lot 6, Block 20, Shadow Mountain I
    Tax Annual Amount
    5454

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1983
    Floors in Building
    2
    Flooring type
    Laminate, Carpet
    Building materials
    Wood Frame
    Roof type
    Fiberglass

    We can help!

    Listing Contact
    Luke Gehring

    Listing agent Luke Gehring

    Listing office eXp Realty, LLC 3209 S Broadway STE 231, Oklahoma City, OK

    Listing date May 1, 2026

    MLS# 2615987 Listing URL

    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.

    HighLights

    • Duplex opportunity: Two units (6918 and 6920) offer investment or multi‑generational living.
    • Each unit features 3 bedrooms, 2.5 baths, and a 2‑car garage.
    • Tenant occupied: Both units are currently generating rental income.
    • Relatively new roof (approximately 7 years old).
    • One HVAC unit replaced in 2019.
    • Vaulted ceilings and fireplace in living room.

    Overview

    This duplex presents an opportunity in the Shadow Mountain neighborhood. The listing includes both 6918 and 6920 addresses. The property is reported to be well-maintained. Both units are currently tenant-occupied. Each side features 3 bedrooms, 2.5 baths, and a 2-car garage. The combined square footage for both sides is 3120 square feet. The living room boasts vaulted ceilings and a fireplace. The primary bedroom and bathroom, along with a half bath, are located downstairs. Two additional bedrooms and a full bath are situated upstairs. The roof is approximately 7 years old. The HVAC systems were installed in 2019 and 2011, respectively. The hot water heaters were replaced in 2022 and 2008. The lot size is 0.248 acres.

    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 $43.1k $13.80
    − Vacancy −$2.8k −$0.90
    EGI $40.3k $12.90
    − OpEx −$12.1k −$3.87
    NOI $28.2k $9.03
    3,120 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $402.6K
    $352.3K – $469.7K (±1% cap)
    NOI $28,180 @ 7.0% cap · market cap 7.13%
    Second Best
    Apartment 5plus
    $376.5K
    $329.4K – $439.2K (±1% cap)
    NOI $26,354 @ 7.0% cap · market cap 6.67%
    Theoretical Best
    Office A
    $828.0K
    $724.5K – $966.0K (±1% cap)
    NOI $57,957 @ 7.0% cap · market cap 14.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Tulsa
    County
    Creek
    State
    Oklahoma
    Longitude
    -95.890608
    Latitude
    36.062342

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in Shadow Mountain with tenant-occupied units.
    Where is this duplex located?
    The property is located at 6920 S 78th E Avenue Tulsa, OK.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Duplex opportunity: Two units (6918 and 6920) offer investment or multi‑generational living.; Each unit features 3 bedrooms, 2.5 baths, and a 2‑car garage.; Tenant occupied: Both units are currently generating rental income.
    (888) 560-3964
    We can help!
    Listing Contact
    Luke Gehring
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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