2145 S Dewey Ave · Bartlesville, OK 74003

$75,000

3 bd · 1.5 ba · 1,568 sqft · SingleFamily public records · 254 Days on market

Built 1949 8,760 sqft lot ↓ 13% since listing

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Envision yourself cozied up on this enclosed front porch on a chilly fall morning! This house features an extended driveway perfect for RV or trailer, large utility room with half bath. The kitchen has a gas stove, and opens up to the dining room that has a sliding glass door to the back porch.

Key facts

• Gas stove
• Sliding glass door
• Extended driveway

Tags

• ENCLOSED FRONT PORCH
• EXTENDED DRIVEWAY
• LARGE UTILITY ROOM
• GAS STOVE
• SLIDING GLASS DOOR

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $-47 ($-559/yr) — negative.
• To cash-flow at today's rent, offer at most $67k (11.0% below list).
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.4% vs local median 4.7% in Bartlesville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#175 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, schools D+, crime D+.
• Bartlesville (town): math 30% / reading 29% proficiency, ranked #59 of 270 in OK (top 22%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 137 active listings in the ZIP; 46 units permitted in Washington County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($47k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $8k of equity ($519 loan paydown + $8k appreciation (10.0% local appreciation)).
• Washington County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 254 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 15y ago; this cycle's ask has dropped $70k (48%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); major wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $66,000 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 254 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.60% ✓
• Cap rate: 12.37%
• Cash-on-cash: 21.71%
• DSCR: 1.97
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $166,208
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2301 Dewey Ave	0.19mi	3/2.0	1,541 (-2%)	2mo	$185,000	$120	84
1856 S Armstrong Ave	0.52mi	3/2.0	1,560 (-0%)	7mo	$105,000	$67	67
1705 S Johnstone Ave	0.72mi	3/1.0	1,592 (+2%)	0mo	$198,000	$124	62
2305 S Osage Dr	0.22mi	3/2.0	1,737 (+11%)	10mo	$71,234	$41	62
215 E 18th St	0.60mi	3/1.5	1,594 (+2%)	10mo	$164,800	$103	60
2008 S Dewey Ave	0.35mi	3/2.0	1,408 (-10%)	6mo	$149,000	$106	59
1915 S Dewey Ave	0.49mi	3/1.5	1,452 (-7%)	10mo	$75,000	$52	57
1921 S Santa Fe Pl	0.56mi	3/2.0	1,478 (-6%)	10mo	$125,000	$85	54
2009 S Osage Ave	0.35mi	4/1.0 (+1)	1,746 (+11%)	10mo	$185,000	$106	49
1724 Cherokee Pl	0.68mi	2/2.0 (-1)	1,509 (-4%)	11mo	$160,000	$106	46
1801 S Santa Fe Ave	0.70mi	3/2.0	1,362 (-13%)	2mo	$160,000	$117	42
1912 Crestview Dr	0.60mi	4/2.0 (+1)	1,798 (+15%)	4mo	$168,900	$94	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.5%
• Equity multiple: 2.82×
• Total profit: $38,190
• Equity at exit: $67,566

10-year hold

• IRR: 20.3%
• Equity multiple: 6.50×
• Total profit: $115,411
• Equity at exit: $145,709

Cash invested: $21,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Oklahoma: 83 Strongly Landlord-Friendly · R+20
• County: — inherits STATE
• City: — inherits STATE

5-day notice; strongly landlord-favorable.

Methodology + full state rankings →

ZIP-level market 74003

• Home prices YoY: 5.0%
• Active inventory: 137
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,197 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$142 /mo · $1,698/yr
• Insurance: −$31
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$251
• Net cashflow: $-47

Break-even live

Break-even rent $1,256

Max offer price $66,771

Occupancy floor 99%

Sensitivity live

Price	-10% $-4	-5% $-25	+0% $-47	+5% $-68	+10% $-89
Rent	-10% $-141	-5% $-94	+0% $-47	+5% $1	+10% $48
Rate	-1.0pp $-9	-0.5pp $-28	base $-47	+0.5pp $-66	+1.0pp $-86

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-04-20
   status Pending
2. 2026-03-16
   price $75,000
3. 2026-01-29
   price $85,000
4. 2025-12-31
   price $90,000
5. 2025-11-28
   price $100,000
6. 2025-11-26
   price $110,000
7. 2025-10-24
   price $115,000
8. 2025-10-10
   status Active
9. 2025-10-02
   status Pending
10. 2025-09-10
    price $125,000
11. 2025-08-25
    price $135,000
12. 2025-07-30
    listed $145,000 Active
13. 2023-01-12
    soldstatus $130,000
14. 2023-01-10
    soldstatus $130,000 Closed 295-char remark

    Show marketing remark (295 chars)

    Envision yourself cozied up on this enclosed front porch on a chilly fall morning! This house features an extended driveway perfect for RV or trailer, large utility room with half bath. The kitchen has a gas stove, and opens up to the dining room that has a sliding glass door to the back porch.

15. 2022-09-16
    status Pending 295-char remark

    Show marketing remark (295 chars)

    Envision yourself cozied up on this enclosed front porch on a chilly fall morning! This house features an extended driveway perfect for RV or trailer, large utility room with half bath. The kitchen has a gas stove, and opens up to the dining room that has a sliding glass door to the back porch.

16. 2022-09-08
    listed $120,000 Active 295-char remark

    Show marketing remark (295 chars)

    Envision yourself cozied up on this enclosed front porch on a chilly fall morning! This house features an extended driveway perfect for RV or trailer, large utility room with half bath. The kitchen has a gas stove, and opens up to the dining room that has a sliding glass door to the back porch.

17. 2022-09-06
    soldstatus $63,000
18. 2013-02-01
    soldstatus $72,500 182-char remark

    Show marketing remark (182 chars)

    Cute downtown listing! New in 2009: Roof, windows, siding, carpet, fence. 3 lrg. bedrooms, 1 1/2 bath, glassed in front porch, shed, central H/A (new!) washer & dryer included!

19. 2013-02-01
    historical

    Show marketing remark (182 chars)

    Cute downtown listing! New in 2009: Roof, windows, siding, carpet, fence. 3 lrg. bedrooms, 1 1/2 bath, glassed in front porch, shed, central H/A (new!) washer & dryer included!

20. 2013-02-01
    soldstatus $72,500

    Show marketing remark (182 chars)

    Cute downtown listing! New in 2009: Roof, windows, siding, carpet, fence. 3 lrg. bedrooms, 1 1/2 bath, glassed in front porch, shed, central H/A (new!) washer & dryer included!

21. 2013-01-11
    historical 182-char remark

    Show marketing remark (182 chars)

    Cute downtown listing! New in 2009: Roof, windows, siding, carpet, fence. 3 lrg. bedrooms, 1 1/2 bath, glassed in front porch, shed, central H/A (new!) washer & dryer included!

22. 2013-01-08
    listed $78,500 182-char remark

    Show marketing remark (182 chars)

    Cute downtown listing! New in 2009: Roof, windows, siding, carpet, fence. 3 lrg. bedrooms, 1 1/2 bath, glassed in front porch, shed, central H/A (new!) washer & dryer included!

23. 2012-10-04
    historical
24. 2012-10-04
    listed $79,000
25. 2012-04-04
    historical
26. 2012-04-03
    listed $79,500
27. 2011-10-08
    historical
28. 2011-10-07
    listed $86,000
29. 2011-04-12
    listed $86,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OK · Resets to sale price

• Current annual tax: $1,698 · $142/mo
• Projected year-2 tax: $1,698 · $142/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone AE · 24% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 6/10 Major 7 d/yr ≥113°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,370
• − Mortgage interest: −$4,201
• − Property taxes: −$1,698
• − Insurance: −$5,494
• − Repairs & maintenance: −$1,150
• − Management: −$1,150
• − Depreciation: −$2,182
• Taxable loss: −$1,504
• Est. tax savings @ 24.0%: +$361
• After-tax cash flow: $-198/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bartlesville
• NCES district ID: 4003630
• Math proficiency: 30% ▼ -13.00%
• Reading proficiency: 29% ▼ -10.00%
• Median HH income: $48,889
• Composite: 25.69/100
• National rank: #7389
• State rank: #59 of 270 in OK

Livability — Bartlesville

• Score: 64/100
• State rank: #175
• US rank: #13940

Category grades

Amenities F Commute F Cost of living A+ Crime D+ Employment C- Housing A+ Health & safety F User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bartlesville, OK
• County: Washington County · 41,935 people
• City population: 41,935
• Metro: Bartlesville, OK
• Population (ZIP): 14,024
• Household income: $47,168
• Rent vs Own: 41.3% rent · 58.7% own
• Severe rent burden: 395.0

Population outlook (Washington County) Hauer SSP2

• Today (2025): 54,946 people
• By 2030: 56,249 · +2.4%
• By 2040: 58,867 · +7.1%
• By 2050: 61,600 · +12.1%
• By 2075: 69,355 · +26.2%
• By 2100: 73,067 · +33.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Two or more races 14% Hispanic / Latino 7% Native American 7% Black 4%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 4%

Political lean MEDSL · Washington

• 2024 margin: Solid R (+47.6) · D 25.0% · R 72.7% · Other 2.4%
• 2008→2024 swing: -3.1pp toward R · 2008: -44.6pp · 2024: -47.6pp
• All cycles: 2024: R+47.6 2020: R+48.0 2016: R+48.5 2012: R+47.8 2008: R+44.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 14.78%
• Current HPI: 309.9534
• Rent YoY: —
• Metro: Bartlesville, OK
• State GDP YoY: ▲ 1.55%
• F500 in state: 6

Industry mix (Fortune 500 HQ in OK)

Industry	F500 HQs	Revenue
▸Energy	3	$48B

Price history

-12.8% since first listed

29 events — show timeline

• 2026-04-20 Pending — MLS Technology, Inc.
• 2026-03-16 Price Changed $75,000 MLS Technology, Inc.
• 2026-01-29 Price Changed $85,000 MLS Technology, Inc.
• 2025-12-31 Price Changed $90,000 MLS Technology, Inc.
• 2025-11-28 Price Changed $100,000 MLS Technology, Inc.
• 2025-11-26 Price Changed $110,000 MLS Technology, Inc.
• 2025-10-24 Price Changed $115,000 MLS Technology, Inc.
• 2025-10-10 Relisted — MLS Technology, Inc.
• 2025-10-02 Pending — MLS Technology, Inc.
• 2025-09-10 Price Changed $125,000 MLS Technology, Inc.
• 2025-08-25 Price Changed $135,000 MLS Technology, Inc.
• 2025-07-30 Listed $145,000 MLS Technology, Inc.
• 2023-01-12 Sold (Public Records) $130,000 Public Records
• 2023-01-10 Sold (MLS) $130,000 MLS Technology, Inc.
• 2022-09-16 Pending — MLS Technology, Inc.
• 2022-09-08 Listed $120,000 MLS Technology, Inc.
• 2022-09-06 Sold (Public Records) $63,000 Public Records
• 2013-02-01 Sold (Public Records) $72,500 Public Records
• 2013-02-01 Listing Removed — MLS Technology, Inc.
• 2013-02-01 Sold (MLS) $72,500 MLS Technology, Inc.
• 2013-01-11 Listing Removed — MLS Technology, Inc.
• 2013-01-08 Listed $78,500 MLS Technology, Inc.
• 2012-10-04 Listed $79,000 MLS Technology, Inc.
• 2012-10-04 Listing Removed — MLS Technology, Inc.
• 2012-04-04 Listing Removed — MLS Technology, Inc.
• 2012-04-03 Listed $79,500 MLS Technology, Inc.
• 2011-10-08 Listing Removed — MLS Technology, Inc.
• 2011-10-07 Listed $86,000 MLS Technology, Inc.
• 2011-04-12 Listed $86,000 MLS Technology, Inc.

Property tax history

+20.3%/yr

Latest (2025): $1,698 · -9.5% YoY. Source: county tax records.