3-Unit Triplex with
925 W CHICKASHA Avenue, Chickasha, OK 73018
For Sale
$220,000
Three one-bedroom residences include a detached garage unit, with all apartments currently occupied under active leases.
Property Size1,995 SF
Price / SF$110.28
Days on Market159
Property Features for 925 W CHICKASHA Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Building Details
Building Size
Year Built
Stories
Units
Tenancy
Listing Agency:
Downtown Realty Group
(405) 825-3089
Listed By:
Rebecca Owens
(405) 274-1372
Source:
Brandhorstrealty
Added: Jun 5
Changed: Nov 7
Last Checked: Nov 9 at 5:23PM
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 Downtown Realty Group
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Investment Insights
Based on property information with market context.
This 1,995-square-foot triplex, built in 1930, comprises three one-bedroom, one-bathroom apartments. Two side-by-side units have been remodeled with updated kitchens and bathrooms, new flooring, and fresh paint; the main structure also has a new roof, HVAC, windows, plumbing, and washer/dryer hookups. The third residence is detached and includes a garage. Its bathroom, flooring, and paint have been refreshed, and a fenced patio area has a new gate. Several large trees were removed from the property.
The property is less than one mile from downtown Chickasha and two miles from Shannon Springs Park. All three units are tenant-occupied with active leases.
The property is less than one mile from downtown Chickasha and two miles from Shannon Springs Park. All three units are tenant-occupied with active leases.
Key Highlights
- Three 1‑bedroom, 1‑bathroom units, including a detached apartment with a garage
- 1,995 square feet; built in 1930
- Two adjacent apartments have remodeled kitchens and bathrooms, new flooring, and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,420
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,400
$348.4K
Cap Rate 7%
$248,857
$248.9K
Cap Rate 9%
$193,556
$193.6K
Market Conditions
NOI Build-Up for 1,995 SF
Gross rent
$26.3K $13.20/SF
− Vacancy
−$1.4K −$0.73/SF
EGI
$24.9K $12.47/SF
− OpEx
−$7.5K −$3.74/SF
NOI
$17.4K $8.73/SF
Area
Grady County, OK
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,400
Cap Rate 7%
$248,857
Cap Rate 9%
$193,556
Alternative Uses
Best Use
Multifamily LT 5
$248.9K
$217.8K – $290.3K
NOI $17,420 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$231.8K
$202.8K – $270.5K
NOI $16,227 @ 7.0% cap · market cap 7.38%
Theoretical Best
Specialty Retail
$482.2K
$421.9K – $562.6K
NOI $33,755 @ 7.0% cap · market cap 15.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
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Business Placement
Demographics for 73018, OK
19,806
Population
9,509
Households
2.1
Avg Household Size
38
Median Age
20%
College-Educated
89%
High-School Grad
155.1 sq mi
ZIP Area
128
Density / Sq Mi
$58,340
Median Household Income
$32,414
Median Earnings
$877
Median Rent
$126,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom residences include a detached garage unit, with all apartments currently occupied under active leases.
Where is this triplex located?
The property is located at 925 W CHICKASHA Avenue Chickasha, OK.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Three 1‑bedroom, 1‑bathroom units, including a detached apartment with a garage; 1,995 square feet; built in 1930; Two adjacent apartments have remodeled kitchens and bathrooms, new flooring, and fresh paint
