Duplex with Two-Car
New
For Sale
$375,000
705-703 Ne 21st Ter, Newcastle, OK 73065
Both units are leased, and residents cover their own utility costs.
Property Size2,562 SF
Price / SF$146.37
Days on Market5
Property Features for 705-703 Ne 21st Ter
General Information
Standard status
Active
Size
2,562 SF
Property subtype
Residential Income
Listing Agency:
Baca Realty Group LLC
(405) 527-2222
Listed By:
Kelley Baca · License #174371
(405) 545-0582
Source:
Exprealty
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 6 at 2:47AM
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
Investment Insights
Based on property information with market context.
This duplex in Newcastle’s Bradley IV subdivision has a 3-bedroom, 2-bathroom layout, two-car garages, and yard space. Both units are leased, with tenants responsible for utilities.
The property sits on a cul-de-sac and is a couple of miles from Highway 44. It is offered as part of an 8-duplex package.
The property sits on a cul-de-sac and is a couple of miles from Highway 44. It is offered as part of an 8-duplex package.
Key Highlights
- Both units are currently leased
- 3‑bedroom, 2‑bathroom layout
- Two‑car garages and yards
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
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
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 - Both units are leased, and residents cover their own utility costs.
Where is this duplex located?
The property is located at 705-703 Ne 21st Ter 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: Both units are currently leased; 3‑bedroom, 2‑bathroom layout; Two‑car garages and yards
