Duplex Property with
For Sale
$375,000
705 NE 21st Street Unit 707, Newcastle, OK 73065
Both residences are leased, with tenants paying their own utility costs.
Property Size2,558 SF
Price / SF$146.60
Days on Market30
Property Features for 705 NE 21st Street Unit 707
General Information
Standard status
Active
Size
2,558 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
2
Tenant in Place
Yes
Building Details
Building Size
2,558 SF
Year Built
2014
Tenancy
Multi
Listing Agency:
Baca Realty Group LLC
Listed By:
Kelley Baca · License #174371
(405) 545-0582
Source:
Baileecompany
Added: Oct 3
Changed: Oct 26
Last Checked: Oct 31 at 5:29AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,558-square-foot duplex in Newcastle was built in 2014. The property includes two leased residences, described with a 3-bedroom, 2-bathroom configuration, along with 2-car garages and yards. Tenants are responsible for utilities.
The property is located in the Bradley IV subdivision, on a cul-de-sac and a couple of miles from Highway 44. It is offered as part of an 8-duplex package.
The property is located in the Bradley IV subdivision, on a cul-de-sac and a couple of miles from Highway 44. It is offered as part of an 8-duplex package.
Key Highlights
- Both units are leased; tenants pay utilities
- 2,558 square feet; built in 2014
- 3‑bedroom, 2‑bathroom duplex with 2‑car garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,908
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,160
$478.2K
Cap Rate 7%
$341,543
$341.5K
Cap Rate 9%
$265,644
$265.6K
Market Conditions
NOI Build-Up for 2,558 SF
Gross rent
$36.5K $14.28/SF
− Vacancy
−$2.4K −$0.93/SF
EGI
$34.2K $13.35/SF
− OpEx
−$10.2K −$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%
$478,160
Cap Rate 7%
$341,543
Cap Rate 9%
$265,644
Alternative Uses
Best Use
Multifamily LT 5
$341.5K
$298.9K – $398.5K
NOI $23,908 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$316.0K
$276.5K – $368.7K
NOI $22,123 @ 7.0% cap · market cap 5.90%
Theoretical Best
Specialty Retail
$618.3K
$541.0K – $721.4K
NOI $43,281 @ 7.0% cap · market cap 11.54%
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
Yes
Highway access
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, with tenants paying their own utility costs.
Where is this duplex located?
The property is located at 705 NE 21st Street Unit 707 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 leased; tenants pay utilities; 2,558 square feet; built in 2014; 3‑bedroom, 2‑bathroom duplex with 2‑car garages
