Brick Duplex with
For Sale
$325,000
914 N Osage Ave, Claremore, OK 74017
Fully occupied brick property with two-bedroom units, one bathroom per unit, and one-car parking.
Property Size1,938 SF
Price / SF$167.70
Days on Market14
Property Features for 914 N Osage Ave
General Information
Standard status
Active
Size
1,938 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$25,200
Multifamily Units
4
Building Details
Year Built
2015
Construction
Full Brick
Listing Agency:
Dake Real Estate
(918) 344-2618
Listed By:
Brent Dake · License #139372
Source:
Alloverok
Added: Aug 19
Changed: Aug 29
Last Checked: Aug 31 at 6:32PM
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 Dake Real Estate
Investment Insights
Based on property information with market context.
This 1,938-square-foot duplex was built in 2015 and features full-brick construction. Each unit includes two bedrooms, one bathroom, and one-car parking. The property is fully occupied by long-term tenants.
The duplex is situated on a corner lot on the east side of Claremore and must be sold together with the neighboring duplex at 914/916 N. Osage. The adjoining property requirement provides a combined offering across the two adjacent duplexes.
The duplex is situated on a corner lot on the east side of Claremore and must be sold together with the neighboring duplex at 914/916 N. Osage. The adjoining property requirement provides a combined offering across the two adjacent duplexes.
Key Highlights
- 1,938‑square‑foot duplex built in 2015
- Full‑brick construction
- Two bedrooms, one bathroom, and one‑car parking per unit
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
$12,919
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
3.98%
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%
$258,380
$258.4K
Cap Rate 7%
$184,557
$184.6K
Cap Rate 9%
$143,544
$143.5K
Market Conditions
NOI Build-Up for 1,938 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
$26.5K $13.68/SF
− Vacancy
−$3.0K −$1.56/SF
EGI
$23.5K $12.12/SF
− OpEx
−$10.6K −$5.45/SF
NOI
$12.9K $6.67/SF
Area
Rogers County, OK
Vacancy
11.40%
Lease Rate
$13.68 /SF/Yr
Expense Ratio
45.00%
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%
$258,380
Cap Rate 7%
$184,557
Cap Rate 9%
$143,544
Alternative Uses
Best Use
Apartment 5plus
$184.6K
$161.5K – $215.3K
NOI $12,919 @ 7.0% cap · market cap 3.98%
Second Best
Multifamily LT 5
$155.5K
$136.1K – $181.5K
NOI $10,887 @ 7.0% cap · market cap 3.35%
Theoretical Best
Specialty Retail
$485.4K
$424.7K – $566.3K
NOI $33,977 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Explore this area
Business Placement
Demographics for 74017, OK
29,083
Population
12,038
Households
2.4
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
140.5 sq mi
ZIP Area
207
Density / Sq Mi
$65,519
Median Household Income
$38,165
Median Earnings
$1,015
Median Rent
$184,400
Median Home Value
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 - Fully occupied brick property with two-bedroom units, one bathroom per unit, and one-car parking.
Where is this duplex located?
The property is located at 914 N Osage Ave Claremore, OK.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,938‑square‑foot duplex built in 2015; Full‑brick construction; Two bedrooms, one bathroom, and one‑car parking per unit
