Leased Duplex with
For Sale
$375,000
710-708 Ne 21st Ter, Newcastle, OK 73065
Both residences are leased, and tenants are responsible for utility costs.
Property Size2,558 SF
Price / SF$146.60
Days on Market11
Property Features for 710-708 Ne 21st Ter
General Information
Standard status
Active
Size
2,558 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
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 2:33AM
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 has a 3-bedroom, 2-bathroom configuration, 2-car garages and spacious yards. Both units are leased, and tenants pay their own utilities. The property is offered as part of an 8-duplex package, allowing acquisition alongside seven other duplexes.
The property is in Newcastle’s Bradley IV subdivision, on a cul-de-sac and a couple of miles from Highway 44. The highway provides access to Oklahoma City and surrounding areas.
The property is in Newcastle’s Bradley IV subdivision, on a cul-de-sac and a couple of miles from Highway 44. The highway provides access to Oklahoma City and surrounding areas.
Key Highlights
- 2,558 square feet
- 3‑bedroom, 2‑bathroom configuration
- 2‑car garages and spacious yards
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
Yes
Paved road 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 residences are leased, and tenants are responsible for utility costs.
Where is this duplex located?
The property is located at 710-708 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 feet; 3‑bedroom, 2‑bathroom configuration; 2‑car garages and spacious yards
