Duplex with Attached
For Sale
$375,000
700 NE 21st Terrace #702, Newcastle, OK 73065
Both residences are leased, with utility costs paid by tenants.
Property Size2,562 SF
Price / SF$146.37
Days on Market23
Property Features for 700 NE 21st Terrace #702
General Information
Standard status
Active
Size
2,562 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
2
Tenant in Place
Yes
Building Details
Building Size
2,562 SF
Year Built
2013
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Baca Realty Group LLC
(405) 527-2222
Listed By:
Kelley Baca · License #174371
(405) 545-0582
Source:
Eastwoodrealtygroup
Added: Oct 3
Changed: Oct 23
Last Checked: Oct 23 at 4:43PM
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 Baca Realty Group LLC
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Investment Insights
Based on property information with market context.
Built in 2013, this 2,562-square-foot duplex includes two-car garages and yard space. The property has a three-bedroom, two-bathroom configuration and sits on a cul-de-sac in Newcastle’s Bradley IV subdivision. Both units are leased, and tenants are responsible for utilities.
The property is approximately a couple of miles from Highway 44, which connects to Oklahoma City and surrounding areas. It is being offered as part of an eight-duplex package.
The property is approximately a couple of miles from Highway 44, which connects to Oklahoma City and surrounding areas. It is being offered as part of an eight-duplex package.
Key Highlights
- 2,562‑square‑foot duplex built in 2013
- Both units are leased; tenants pay utilities
- Three bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,945
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,900
$478.9K
Cap Rate 7%
$342,071
$342.1K
Cap Rate 9%
$266,056
$266.1K
Market Conditions
NOI Build-Up for 2,562 SF
Gross rent
$36.6K $14.28/SF
− Vacancy
−$2.4K −$0.93/SF
EGI
$34.2K $13.35/SF
− OpEx
−$10.3K −$4.01/SF
NOI
$23.9K $9.35/SF
Area
McClain County, OK
Vacancy
6.50%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,900
Cap Rate 7%
$342,071
Cap Rate 9%
$266,056
Alternative Uses
Best Use
Multifamily LT 5
$342.1K
$299.3K – $399.1K
NOI $23,945 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$316.5K
$277.0K – $369.3K
NOI $22,158 @ 7.0% cap · market cap 5.91%
Theoretical Best
Specialty Retail
$619.3K
$541.9K – $722.5K
NOI $43,349 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
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Business Placement
Demographics for 73065, OK
9,725
Population
4,413
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
91%
High-School Grad
51.8 sq mi
ZIP Area
188
Density / Sq Mi
$93,451
Median Household Income
$51,717
Median Earnings
$990
Median Rent
$240,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, with utility costs paid by tenants.
Where is this duplex located?
The property is located at 700 NE 21st Terrace #702 Newcastle, OK.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,562‑square‑foot duplex built in 2013; Both units are leased; tenants pay utilities; Three bedrooms and two bathrooms
