Turnkey Duplex Investment
724 W El Paso Street Broken, Broken Arrow, OK 74012
For Sale
$365,000
Updated duplex near Rose District, fully occupied, excellent investment opportunity.
Property Size2,580 SF
Price / SF$141.47
Days on Market442
Property Features for 724 W El Paso Street Broken
General Information
Standard status
Size
Property subtype
Amenities
Central Air
Gas
Central
Dishwasher
Disposal
Gas Water Heater
Microwave
Oven
Range
Patio, Porch, Electricity Available, Natural Gas Available, Water Available, Asphalt, Fiberglass
Building Details
Building Size
Year Built
Listing Agency:
InVision Realty
Listed By:
Tracey Payne · License OK #171356
(918) 857-2802
Source:
Kw
Added: Aug 26, 2025
Changed: Oct 26
Last Checked: Nov 8 at 8:55AM
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 InVision Realty
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Investment Insights
Based on property information with market context.
This turnkey duplex investment property is located approximately half a mile from the Rose District and 20 minutes from Downtown Tulsa. Both units are currently occupied. Unit 724 was updated in 2025 with new flooring, painted cabinets and walls, updated faucets, new countertops, toilet valves, and new appliances including a stove, dishwasher, and microwave. The exterior was freshly painted in December 2024. Unit 726 was updated in 2021 with new flooring, freshly painted cabinets and walls, new light fixtures, countertops, faucets, sinks, toilets, blinds, and vertical blinds. One unit features 3 bedrooms and 2 bathrooms, while the other offers 2 bedrooms and 2 bathrooms. Each unit includes a 2-car garage. The property size is 2580 square feet. This property can be sold with MLS # 2537054, 2537059, 2537061.
Key Highlights
- Turnkey duplex investment with tenants in place.
- Prime location: Half a mile from the Rose District and 20 minutes to Downtown Tulsa.
- Unit 724 updated in 2025 with new flooring, painted cabinets/walls, updated faucets, new countertops/toilet valves, and new appliances.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,427
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,540
$468.5K
Cap Rate 7%
$334,671
$334.7K
Cap Rate 9%
$260,300
$260.3K
Market Conditions
NOI Build-Up for 2,580 SF
Gross rent
$35.6K $13.80/SF
− Vacancy
−$2.1K −$0.83/SF
EGI
$33.5K $12.97/SF
− OpEx
−$10.0K −$3.89/SF
NOI
$23.4K $9.08/SF
Area
Broken Arrow, OK
Vacancy
6.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,540
Cap Rate 7%
$334,671
Cap Rate 9%
$260,300
Alternative Uses
Best Use
Multifamily LT 5
$334.7K
$292.8K – $390.5K
NOI $23,427 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$301.1K
$263.5K – $351.3K
NOI $21,080 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$603.5K
$528.1K – $704.1K
NOI $42,244 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
943
Businesses Nearby
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Business Placement
Demographics for 74012, OK
63,918
Population
26,069
Households
2.5
Avg Household Size
37
Median Age
34%
College-Educated
94%
High-School Grad
24.8 sq mi
ZIP Area
2,577
Density / Sq Mi
$80,079
Median Household Income
$44,321
Median Earnings
$1,211
Median Rent
$223,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Tulsa County, OK
Properties on Market for Duplexes in Tulsa County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex near Rose District, fully occupied, excellent investment opportunity.
Where is this duplex located?
The property is located at 724 W El Paso Street Broken Broken Arrow, OK.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Turnkey duplex investment with tenants in place.; Prime location: Half a mile from the Rose District and 20 minutes to Downtown Tulsa.; Unit 724 updated in 2025 with new flooring, painted cabinets/walls, updated faucets, new countertops/toilet valves, and new appliances.
