Maintained Brick Duplex with
For Sale
$415,000
7356 S Darlington Avenue, Tulsa, OK 74136
Two thoughtfully configured units offer private primary suites, dining areas, fireplaces, and indoor laundry rooms.
Property Size2,039 SF
Days on Market215
Property Features for 7356 S Darlington Avenue
General Information
Standard status
Active
Size
2,039 SF
Property subtype
Duplex
Amenities
Fireplace
Gas
Central
Central Air
Dishwasher
Disposal
Gas Water Heater
Microwave
Oven
Range
Stove
Plumbed For Ice Maker
Patio, Porch, Cable Available, Electricity Available, Fiber Optic Available, Natural Gas Available, High Speed Internet Available, Phone Available, Water Available, Asphalt, Fiberglass
Building Details
Building Size
2,039 SF
Year Built
1975
Listing Agency:
Chinowth & Cohen
Listed By:
Keli Smith · License #182654
(918) 706-3593
Source:
Kw
Added: Jan 31
Changed: Sep 2
Last Checked: Sep 1 at 2:45PM
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 Chinowth & Cohen
Investment Insights
Based on property information with market context.
This well-maintained 1.5-story brick duplex, built in 1975, includes two separately configured units with spacious living rooms and fireplaces. Each side has generously sized bedrooms, a main-level primary suite with a full en-suite bathroom, double sinks, and a walk-in closet. Formal dining rooms, eat-in kitchen areas, and large indoor laundry rooms are provided in both units. Interior features include central heating and central air, gas water heaters, dishwashers, disposals, microwaves, ovens, ranges, stoves, and plumbed-for-ice-maker connections. One unit adds a wet bar and built-in bookshelves, while the other includes a fireplace in the primary bedroom.
The property is near St. Francis Hospital, shopping, dining, and major highways. Exterior features include a patio, porch, asphalt surfaces, and available cable, electricity, fiber optic service, natural gas, high-speed internet, phone, and water.
The property is near St. Francis Hospital, shopping, dining, and major highways. Exterior features include a patio, porch, asphalt surfaces, and available cable, electricity, fiber optic service, natural gas, high-speed internet, phone, and water.
Key Highlights
- 1.5‑story brick duplex built in 1975
- Two units with different layouts and main‑level primary suites
- Each unit includes a full en‑suite bath, double sinks, and a walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,380
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$347,600
$347.6K
Cap Rate 7%
$248,286
$248.3K
Cap Rate 9%
$193,111
$193.1K
Market Conditions
NOI Build-Up for 2,039 SF
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.
Gross rent
$27.4K $13.44/SF
− Vacancy
−$2.6K −$1.26/SF
EGI
$24.8K $12.18/SF
− OpEx
−$7.4K −$3.65/SF
NOI
$17.4K $8.52/SF
Area
ZIP 74136
Vacancy
9.40%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$347,600
Cap Rate 7%
$248,286
Cap Rate 9%
$193,111
Alternative Uses
Best Use
Multifamily LT 5
$248.3K
$217.3K – $289.7K
NOI $17,380 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$228.6K
$200.1K – $266.8K
NOI $16,005 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$442.1K
$386.9K – $515.8K
NOI $30,949 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,175
Businesses Nearby
Explore this area
Business Placement
Demographics for 74136, OK
30,416
Population
16,375
Households
1.9
Avg Household Size
38
Median Age
38%
College-Educated
91%
High-School Grad
7.7 sq mi
ZIP Area
3,950
Density / Sq Mi
$51,314
Median Household Income
$35,072
Median Earnings
$926
Median Rent
$292,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two thoughtfully configured units offer private primary suites, dining areas, fireplaces, and indoor laundry rooms.
Where is this duplex located?
The property is located at 7356 S Darlington Avenue Tulsa, OK.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 1.5‑story brick duplex built in 1975; Two units with different layouts and main‑level primary suites; Each unit includes a full en‑suite bath, double sinks, and a walk‑in closet
