Two-Unit Duplex
For Sale
$369,000
6920 S 78th East Ave, Tulsa, OK 74133
Both residences are occupied and include private garages, multi-level layouts, fireplaces, and vaulted living-room ceilings.
Property Size3,120 SF
Price / SF$118.27
Days on Market49
Property Features for 6920 S 78th East Ave
General Information
Standard status
Active
Size
3,120 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Shadow Mountain
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Building Details
Year Built
1983
Tenancy
Multi
Listing Agency:
eXp Realty, LLC
Listed By:
Luke Gehring
(918) 829-2128
Source:
Accentrealtors
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 30 at 4:41PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex includes two residences totaling 3,120 square feet, with each side offering three bedrooms, 2.5 baths, and a two-car garage. Built in 1983, the property features a two-level floor plan with the primary suite and half bath on the lower level, while two additional bedrooms and a full bath are upstairs. Vaulted living-room ceilings and a fireplace add distinctive interior features to each unit.
Both residences are currently tenant occupied. The roof is approximately 7 years old, and the HVAC systems date to 2019 and 2011. Water heaters were installed in 2022 and 2008. The property includes 6918 and 6920 S 78th East Ave.
Both residences are currently tenant occupied. The roof is approximately 7 years old, and the HVAC systems date to 2019 and 2011. Water heaters were installed in 2022 and 2008. The property includes 6918 and 6920 S 78th East Ave.
Key Highlights
- Two duplex residences totaling 3,120 square feet
- Each side has 3 bedrooms, 2.5 baths, and a 2‑car garage
- Two‑level layouts with primary suite and half bath downstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,180
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,600
$563.6K
Cap Rate 7%
$402,571
$402.6K
Cap Rate 9%
$313,111
$313.1K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$43.1K $13.80/SF
− Vacancy
−$2.8K −$0.90/SF
EGI
$40.3K $12.90/SF
− OpEx
−$12.1K −$3.87/SF
NOI
$28.2K $9.03/SF
Area
ZIP 74133
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,600
Cap Rate 7%
$402,571
Cap Rate 9%
$313,111
Alternative Uses
Best Use
Multifamily LT 5
$402.6K
$352.3K – $469.7K
NOI $28,180 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$376.5K
$329.4K – $439.2K
NOI $26,354 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$828.0K
$724.5K – $966.0K
NOI $57,957 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
Explore this area
Business Placement
Demographics for 74133, OK
48,331
Population
22,638
Households
2.1
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,528
Density / Sq Mi
$73,983
Median Household Income
$43,897
Median Earnings
$1,129
Median Rent
$254,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and include private garages, multi-level layouts, fireplaces, and vaulted living-room ceilings.
Where is this duplex located?
The property is located at 6920 S 78th East Ave Tulsa, OK.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Two duplex residences totaling 3,120 square feet; Each side has 3 bedrooms, 2.5 baths, and a 2‑car garage; Two‑level layouts with primary suite and half bath downstairs
