Leased Duplex with
For Sale
$375,000
706-704 Ne 21st Ter, Newcastle, OK 73065
Both units are occupied, with utility costs assigned to the tenants.
Property Size2,558 SF
Price / SF$146.60
Days on Market11
Property Features for 706-704 Ne 21st Ter
General Information
Standard status
Active
Size
2,558 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Buildings
1
Tenancy
Multi
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 10
Last Checked: Oct 13 at 1:15AM
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 2,558-square-foot duplex in Newcastle is part of an eight-duplex package. The property includes garages and yard space, and is situated on a cul-de-sac in the Bradley IV subdivision. Both units are leased, and tenants are responsible for utilities.
Highway 44 is a couple of miles away, providing a route toward Oklahoma City and surrounding areas.
Highway 44 is a couple of miles away, providing a route toward Oklahoma City and surrounding areas.
Key Highlights
- 2,558‑square‑foot duplex
- Both units are currently leased
- Tenants are responsible for utilities
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
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both units are occupied, with utility costs assigned to the tenants.
Where is this duplex located?
The property is located at 706-704 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: 2,558‑square‑foot duplex; Both units are currently leased; Tenants are responsible for utilities
