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Leased Duplex with Covered Patio

7318 S Darlington Avenue Tulsa, OK 74136

7318 S Darlington Avenue, Tulsa, OK, 74136
$429,000
Pending
For Sale
$429,000
Pending

DUPLEX - Tulsa, OK

Property Size3,616 SF
Lot Size0.32 Acres
Days on Market16

Property Features for 7318 S Darlington Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Window features
Aluminum Frames
Patio and Porch features
Patio, Porch
Interior features
Cable TV Wired, High Speed Internet, Internet Wired, Smoke Detector, Vaulted Ceiling
Exterior features
Gutters
Fencing
Chain Link
Fireplace
1
Appliances
Dishwasher, Disposal, Range/Oven
Standard status
Pending
Size
3,616 SF
Lot size
0.32 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
Lots 20 & , Block 3 Woodcrest Estates
Tax Annual Amount
2653

Utilities

Utilities
Cable Available
Heating system
Central
Cooling system
Central Air

Building Details

Year built
1975
Floors in Building
1
Flooring type
Carpet, Tile, Vinyl
Building materials
Wood Frame
Roof type
Fiberglass
Architectural style
Contemporary
Listing agency Chinowth & Cohen
Listed by Keli Smith · License #182654
Added: Jul 7 Updated: Jul 13 at 4:51PM Checked: Jul 22 at 2:06AM
MLS# 2624584

Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This well-maintained duplex offers two mid-century units with vaulted ceilings and open living areas that flow to the backyard through a sliding glass door. Each unit includes a country-style kitchen with built-in appliances that convey, along with generously sized bedrooms, ample closet space, a guest bath, and a comfortable primary suite with a private bath and oversized vanity. A covered patio and a large, fenced yard are divided to provide each resident their own private outdoor space.

The property is located in Tulsa, OK near restaurants, shopping, major employers, and hospitals. Both units are currently leased with month-to-month tenants.

Additional practical features include separate driveways for each unit and an oversized garage for each side with room for a workbench, hobby space, and extra storage. Laundry is conveniently located just off the garage, and both units have newer HVAC systems, furnaces, and water heaters.

Key Highlights

  • 1975‑built contemporary duplex with both units currently leased on month‑to‑month terms
  • Each unit features vaulted ceilings and an open living area with a sliding glass door to the backyard
  • Large fenced yard is divided to provide each resident with private outdoor space, plus a covered patio

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $48.6k $13.44
− Vacancy −$4.6k −$1.26
EGI $44.0k $12.18
− OpEx −$13.2k −$3.65
NOI $30.8k $8.52
3,616 SF · lease $13.44/SF/yr · vacancy 9.40% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$440.3K
$385.3K – $513.7K (±1% cap)
NOI $30,822 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$405.5K
$354.8K – $473.1K (±1% cap)
NOI $28,384 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$784.1K
$686.1K – $914.8K (±1% cap)
NOI $54,886 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Appliance Pro Service Home Appliance Store

Suggested Use

Restaurant Cafe & Coffee Shop Building Supply Barber Shop (Bike/Boat/Book/etc) Store Food Market Auto Parts Store HVAC Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Well-maintained duplex with vaulted ceilings, each unit with private outdoor space and covered patio, and month-to-month tenancy.
Where is this duplex located?
The property is located at 7318 S Darlington Avenue Tulsa, OK.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 1975‑built contemporary duplex with both units currently leased on month‑to‑month terms; Each unit features vaulted ceilings and an open living area with a sliding glass door to the backyard; Large fenced yard is divided to provide each resident with private outdoor space, plus a covered patio
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