124 S Fenway Pl · Bartlesville, OK 74006

$95,000

3 bd · 1.5 ba · 1,483 sqft · SingleFamily public records · 5 Days on market

Built 1968 10,530 sqft lot Est $156k · 39% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.2/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Awesome professionally remodeled 3 bed, 2 bath home. 2 liv, formal din, 2 c gar, fenced bk yd. Tons of new and fresh paint too! Full brick exterior. You gotta see this one! New roof 2014.

Key facts

• Backyard patio
• Full brick exterior
• Fenced bk yd

Tags

• BACKYARD PATIO
• FENCED BK YD
• FULL BRICK EXTERIOR

Property features AI

Finance

• HOA & community: Sidewalks in the community

Exterior

• Parking: Attached 2-car garage
• Security: No safety shelter
• Utilities: Electricity available; Natural gas available; Public water; Public sewer
• Home design: Single-story home; Faces west; Slab foundation; Brick and wood frame construction; Asphalt/fiberglass roof
• Construction: Built (year per public records); Brick and wood frame construction; Asphalt/fiberglass roof; Slab foundation
• Exterior features: Covered patio and porch; Full chain-link fencing; Shed(s); Mature trees on lot

Interior

• Kitchen: Country-style kitchen; Dishwasher; Disposal; Oven/Range/Stove; Plumbed for ice maker
• Bedrooms: Master bedroom with private bath (first level); Additional bedrooms on first level
• Flooring: Wood flooring; Tile flooring
• Bathrooms: Master bath with shower only (first level); Hall bathroom with bathtub and double sink (first level); Two full bathrooms total
• Heating & cooling: Central heating (gas); Central air conditioning
• Interior features: Ceiling fans; Cable TV ready; Laminate countertops; Insulated doors; Aluminum frame and vinyl insulated storm windows; Electric oven/range connections
• Laundry & utility: Washer hookup; Electric dryer hookup; Utility room in garage

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $501 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Cap rate 12.6% 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: 231 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 46 units permitted in Washington County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Washington County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 30y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: 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 $95,000

Questions for the listing agent

1. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.57% ✓
• Cap rate: 12.62%
• Cash-on-cash: 22.61%
• DSCR: 2.01
• GRM: 5.3

CMA / ARV

• ARV (on-the-fly): $155,715
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
349 Cara Lee Ln	0.30mi	3/2.0	1,548 (+4%)	0mo	$203,000	$131	76
4513 Tuxedo Blvd	0.09mi	4/2.0 (+1)	1,571 (+6%)	3mo	$103,000	$66	76
428 N Spruce Ave	0.58mi	3/2.0	1,505 (+2%)	2mo	$158,000	$105	67
328 SE Waverly Ave	0.35mi	3/1.0	1,365 (-8%)	4mo	$144,000	$105	65
413 Nebraska Ct	0.59mi	3/2.0	1,504 (+1%)	4mo	$150,000	$100	65
313 S Fenway Pl	0.23mi	3/2.0	1,671 (+13%)	3mo	$189,900	$114	64
4932 Amherst Dr	0.63mi	3/1.5	1,416 (-4%)	0mo	$151,650	$107	63
420 N Cummings Ave	0.53mi	3/2.0	1,374 (-7%)	4mo	$120,000	$87	58
4947 Baylor Dr	0.74mi	3/2.0	1,405 (-5%)	3mo	$120,000	$85	52
4105 Fleetwood Dr	0.62mi	3/1.0	1,314 (-11%)	2mo	$113,000	$86	49
129 Fleetwood Pl	0.51mi	3/2.0	1,260 (-15%)	0mo	$134,000	$106	49
3816 Indiana St	0.67mi	3/1.0	1,300 (-12%)	3mo	$130,000	$100	44

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

Projected returns pro-forma

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

5-year hold

• IRR: 15.5%
• Equity multiple: 1.62×
• Total profit: $16,565
• Equity at exit: $14,165

10-year hold

• IRR: 24.2%
• Equity multiple: 3.09×
• Total profit: $55,669
• Equity at exit: $8,214

Cash invested: $26,600 (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 74006

• Home prices YoY: -33.2%
• Active inventory: 231
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,488 high
• Mortgage (P&I): −$498
• Tax from tax record: −$136 /mo · $1,636/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $501

Break-even live

Break-even rent $853

Max offer price $95,000

Occupancy floor 61%

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
437 NE Myers Ave Bartlesville, OK	4.0	2.0	1405	$1,500	$1.07	11d	1	0.61mi
4714 NE Wisconsin St Bartlesville, OK	3.0	2.0	1500	$1,350	$0.90	16d	1	0.81mi
4716 NE Wisconsin St Bartlesville, OK	3.0	2.0	1161	$1,350	$1.16	23d	1	0.81mi
5610 Baylor Dr Bartlesville, OK	3.0	2.0	1407	$1,500	$1.07	3d	1	0.82mi
4715 SE Adams Blvd Unit 905D Bartlesville, OK	2.0	2.0	953	$900	$0.94	11d	1	0.98mi
5530 Colony Way Bartlesville, OK	1.0–2.0	1.0–2.5	1176	$1,399	$1.19	23d	4	1.07mi

Listing history 11 events

1. 2026-05-13
   status Pending
2. 2026-05-07
   listed $95,000 Active
3. 2015-05-13
   soldstatus $112,500
4. 2015-05-11
   soldstatus $112,500 189-char remark

   Show marketing remark (189 chars)

   Awesome professionally remodeled 3 bed, 2 bath home. 2 liv, formal din, 2 c gar, fenced bk yd. Tons of new and fresh paint too! Full brick exterior. You gotta see this one! New roof 2014.

5. 2014-10-28
   listed $112,500 189-char remark

   Show marketing remark (189 chars)

   Awesome professionally remodeled 3 bed, 2 bath home. 2 liv, formal din, 2 c gar, fenced bk yd. Tons of new and fresh paint too! Full brick exterior. You gotta see this one! New roof 2014.

6. 2014-05-06
   soldstatus $55,200 138-char remark

   Show marketing remark (138 chars)

   Affordable brick home in established neighborhood with sidewalks. Large fenced yard, 2 living areas, spacious kitchen, 3 bedroom, 2 baths.

7. 2014-04-07
   historical 138-char remark

   Show marketing remark (138 chars)

   Affordable brick home in established neighborhood with sidewalks. Large fenced yard, 2 living areas, spacious kitchen, 3 bedroom, 2 baths.

8. 2014-03-19
   listed $51,000 138-char remark

   Show marketing remark (138 chars)

   Affordable brick home in established neighborhood with sidewalks. Large fenced yard, 2 living areas, spacious kitchen, 3 bedroom, 2 baths.

9. 2000-07-03
   soldstatus $47,500
10. 1997-10-21
    soldstatus $46,000
11. 1996-07-15
    listed $52,000

ⓘ 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: $1,636 · $136/mo
• Projected year-2 tax: $1,636 · $136/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥112°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,854
• − Mortgage interest: −$5,321
• − Property taxes: −$1,636
• − Insurance: −$475
• − Repairs & maintenance: −$1,428
• − Management: −$1,428
• − Depreciation: −$2,764
• Taxable income: $4,801
• Est. tax owed @ 24.0%: −$1,152
• After-tax cash flow: $4,863/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): 27,911
• Household income: $71,796
• Rent vs Own: 24.2% rent · 75.8% own
• Severe rent burden: 563.0

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 (74%)
• Race & ethnicity: White 74% Two or more races 9% Native American 7% Hispanic / Latino 6% Asian 3% Black 3%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 3% Slovak 2% Serbian 2%
• Foreign-born: 5% · Canada, China, Vietnam
• Languages at home: 93% English-only · Spanish 4% Vietnamese 1% Chinese 1%

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: ▼ -118.35%
• Current HPI: 237.9056
• 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

+82.7% since first listed

11 events — show timeline

• 2026-05-13 Pending — MLS Technology, Inc.
• 2026-05-07 Listed $95,000 MLS Technology, Inc.
• 2015-05-13 Sold (Public Records) $112,500 Public Records
• 2015-05-11 Sold (MLS) $112,500 MLS Technology, Inc.
• 2014-10-28 Listed $112,500 MLS Technology, Inc.
• 2014-05-06 Sold (MLS) $55,200 MLS Technology, Inc.
• 2014-04-07 Listing Removed — MLS Technology, Inc.
• 2014-03-19 Listed $51,000 MLS Technology, Inc.
• 2000-07-03 Sold (Public Records) $47,500 Public Records
• 1997-10-21 Sold (Public Records) $46,000 Public Records
• 1996-07-15 Listed $52,000 MLS Technology, Inc.

Property tax history

+7.5%/yr

Latest (2025): $1,636 · +1.8% YoY. Source: county tax records.