Duplex with Private
New
For Sale
$275,000
804 S 12th Street, Collinsville, OK 74021
Residential, Collinsville, OK
Property Size2,170 SF
Lot Size0.16 Acres
Price / SF$126.73
Days on Market3
Property Features for 804 S 12th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 5
Window features
Vinyl Frames
Subdivision
Highland Park addn
Elementary school
Collinsville
High school
Collinsville
Elementary school district
Collinsville - Sch Dist (6)
Middle school district
Collinsville - Sch Dist (6)
High school district
Collinsville - Sch Dist (6)
Directions
SE corner of 12th and W High St
Standard status
Active
APN
60075-24-29-06310
Size
2,170 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 1 Block 14, Highland Park Addn
Tax Annual Amount
2386
Legal Description
Lot 1 Block 14, Highland Park Addn
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
laundry
back patio
Building Details
Year built
2008
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
Wood Frame
Roof type
Fiberglass
Listing Agency:
Keller Williams Premier · Keller Williams Realty
(918) 272-0809
Listed By:
Heather Brewster · License #145982
(918) 857-0466
Added: Sep 24
Last Checked: Sep 26 at 11:06AM
MLS# 2635160
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.
Built in 2008, this 2,170-square-foot duplex contains two three-bedroom, one-bathroom units. Each residence has its own laundry area, dining space, and back patio, along with a separate parking area. Appliances are included, and the property has a newer roof and updated paint.
Key Highlights
- Two three‑bedroom, one‑bathroom units
- 2,170 square feet on a 0.161‑acre lot
- Each unit has laundry, dining space, and a back patio
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
$19,350
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
7.04%
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%
$387,000
$387.0K
Cap Rate 7%
$276,429
$276.4K
Cap Rate 9%
$215,000
$215.0K
Market Conditions
NOI Build-Up for 2,170 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
$29.9K $13.80/SF
− Vacancy
−$2.3K −$1.06/SF
EGI
$27.6K $12.74/SF
− OpEx
−$8.3K −$3.82/SF
NOI
$19.4K $8.92/SF
Area
Tulsa County, OK
Vacancy
7.69%
Lease Rate
$13.80 /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%
$387,000
Cap Rate 7%
$276,429
Cap Rate 9%
$215,000
Alternative Uses
Best Use
Multifamily LT 5
$276.4K
$241.9K – $322.5K
NOI $19,350 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$240.7K
$210.6K – $280.8K
NOI $16,847 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$489.1K
$427.9K – $570.6K
NOI $34,234 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Explore this area
Business Placement
Demographics for 74021, OK
21,567
Population
8,705
Households
2.5
Avg Household Size
37
Median Age
23%
College-Educated
93%
High-School Grad
67.0 sq mi
ZIP Area
322
Density / Sq Mi
$90,148
Median Household Income
$46,186
Median Earnings
$1,197
Median Rent
$224,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 include laundry, dining space, appliances, and separate parking areas.
Where is this duplex located?
The property is located at 804 S 12th Street Collinsville, OK.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two three‑bedroom, one‑bathroom units; 2,170 square feet on a 0.161‑acre lot; Each unit has laundry, dining space, and a back patio
