Updated Duplex with Private
For Sale
$375,000
8601 E 62nd Pl, Tulsa, OK 74133
Two occupied units offer separate driveways, covered outdoor areas, and established rental income in the Union school area.
Property Size2,956 SF
Price / SF$126.86
Days on Market53
Property Features for 8601 E 62nd Pl
General Information
Standard status
Active
Size
2,956 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Burning Tree Master
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
1981
Buildings
1
Tenancy
Multi
Listing Agency:
Chinowth & Cohen
Listed By:
Keli Smith · License #182654
(918) 706-3593
Source:
Alloverok
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 7 at 5:03PM
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
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Investment Insights
Based on property information with market context.
This 1981 duplex contains two residential units totaling 2,956 SF, with approximately 1,478 SF per unit. Each side is configured as a 3/2/2 and includes a separate driveway, private fenced yard, covered front porch, and covered rear patio. Interior features include vaulted ceilings, a gas-start wood-burning fireplace, separate dining space, downstairs laundry, under-stair storage, and a Pullman-style bathroom serving the primary bedroom and living area.
The property occupies a corner lot with mature trees at 8601 E 62nd Place in Tulsa. It is near Union schools, shopping, dining, everyday amenities, and major highways. Improvements include a newer hot water tank, A/C system, appliances, flooring, and roof. The property is currently occupied and includes a second unit address of 6151 S 86th E Ave.
The property occupies a corner lot with mature trees at 8601 E 62nd Place in Tulsa. It is near Union schools, shopping, dining, everyday amenities, and major highways. Improvements include a newer hot water tank, A/C system, appliances, flooring, and roof. The property is currently occupied and includes a second unit address of 6151 S 86th E Ave.
Key Highlights
- 2,956 SF duplex with approximately 1,478 SF in each unit
- Both units are configured as 3/2/2
- Separate driveways and private fenced yards for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,699
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,980
$534.0K
Cap Rate 7%
$381,414
$381.4K
Cap Rate 9%
$296,656
$296.7K
Market Conditions
NOI Build-Up for 2,956 SF
Gross rent
$40.8K $13.80/SF
− Vacancy
−$2.7K −$0.90/SF
EGI
$38.1K $12.90/SF
− OpEx
−$11.4K −$3.87/SF
NOI
$26.7K $9.03/SF
Area
ZIP 74133
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,980
Cap Rate 7%
$381,414
Cap Rate 9%
$296,656
Alternative Uses
Best Use
Multifamily LT 5
$381.4K
$333.7K – $445.0K
NOI $26,699 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$356.7K
$312.1K – $416.1K
NOI $24,968 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$784.4K
$686.4K – $915.2K
NOI $54,911 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
978
Businesses Nearby
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Business Placement
Demographics for 74133, OK
48,331
Population
22,638
Households
2.1
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,528
Density / Sq Mi
$73,983
Median Household Income
$43,897
Median Earnings
$1,129
Median Rent
$254,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units offer separate driveways, covered outdoor areas, and established rental income in the Union school area.
Where is this duplex located?
The property is located at 8601 E 62nd Pl Tulsa, 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: 2,956 SF duplex with approximately 1,478 SF in each unit; Both units are configured as 3/2/2; Separate driveways and private fenced yards for each unit
