1522 Colorado Ave · Bartlesville, OK 74003

$140,000

3 bd · 2.0 ba · 1,344 sqft · SingleFamily public records · 8 Days on market

Built 1920 0.39 ac lot Est $114k · 23% over

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Why this score? — see what drove the D+ 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 +16.6/30.0
• Appreciation +10.0/10.0
• DSCR +5.2/10.0
• 1% rule +4.0/10.0
• Livability +3.2/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Approx 30x40 SHOP including 3 bonus rooms in shop. Lovely full brick nice 3 bdrm 1 bath home on two lots, full chain link fence, beautiful hardwood floors, great living room and dining area. Large kitchen. C H/A, covered deck patio, cvrd front porch. Koi pond with fountain. Double gate to get to shop. Neat and clean.

Key facts

• Spacious back deck
• Large living space
• Unique kitchen

Tags

• LARGE LIVING SPACE
• UNIQUE KITCHEN
• FULLY FENCED YARD
• SPACIOUS BACK DECK
• 30X40 SHOP WITH ELECTRICITY

Property features AI

Finance

• HOA & community: Gutters noted as a community feature

Exterior

• Parking: Attached garage with storage; 1 garage space
• Security: Owned security system; Smoke detector(s); No safety shelter
• Utilities: Public water; Public sewer; Electricity available; High speed internet available; Cable available; Phone service available
• Home design: Single-story; Faces west; Crawlspace foundation
• Construction: Brick and wood frame construction; Asphalt/fiberglass roof
• Exterior features: Concrete driveway; Rain gutters; Covered patio/porch/deck; Deck; Patio; Porch; Chain link fence (full); Fruit trees on lot; Workshop (outbuilding)

Interior

• Kitchen: Eat-in kitchen; Cooktop; Oven; Dishwasher; Garbage disposal
• Bedrooms: Master bedroom (first level); Bedroom (first level); Bedroom (first level)
• Flooring: Wood flooring
• Bathrooms: Hall full bathroom (first level); 1 full bathroom total
• Heating & cooling: Central heating (gas); Central air conditioning
• Interior features: Wood window frames; Storm door(s); Laminate counters; Ceiling fan(s); Electric range connection
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $86 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $127k (9.5% below list).
• Recommended offer: $127k (9.5% below list) — sets the bar for 1% rule.
• Cap rate 7.0% 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; 1 comparable units currently listed for rent nearby; 46 units permitted in Washington County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $15k of equity ($968 loan paydown + $14k 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 $39k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 15y 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.
• Current owner paid $102k; 37% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe 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 $126,643 (9.5% below list)

Questions for the listing agent

1. Built in 1920 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.90% ✗
• Cap rate: 7.03%
• Cash-on-cash: 2.62%
• DSCR: 1.12
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $114,240
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1522 Colorado Ave	0.00mi	3/1.0	1,344 (0%)	0mo	$140,000	$104	96
1801 S Santa Fe Ave	0.51mi	3/2.0	1,362 (+1%)	2mo	$160,000	$117	72
1643 S Oak Ave	0.37mi	4/2.0 (+1)	1,296 (-4%)	3mo	$137,500	$106	69
1600 S Elm Ave	0.28mi	3/1.0	1,184 (-12%)	5mo	$84,000	$71	59
1562 S Hickory Ave	0.28mi	3/1.0	1,145 (-15%)	3mo	$47,000	$41	56
1436 S Keeler Ave	0.65mi	3/1.0	1,434 (+7%)	1mo	$132,000	$92	54
1404 SW Jennings Ave	0.59mi	3/1.0	1,272 (-5%)	7mo	$113,500	$89	53
1326 S Armstrong Ave	0.56mi	3/1.0	1,232 (-8%)	6mo	$104,166	$85	52
1635 S Maple Ave	0.42mi	2/1.0 (-1)	1,192 (-11%)	2mo	$85,000	$71	51
1921 S Santa Fe Pl	0.63mi	3/2.0	1,478 (+10%)	10mo	$125,000	$85	46
1323 S Johnstone Ave	0.74mi	3/1.0	1,421 (+6%)	9mo	$27,500	$19	44
1424 S Keeler Ave	0.66mi	3/1.0	1,520 (+13%)	10mo	$60,500	$40	36

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: 26.2%
• Equity multiple: 3.08×
• Total profit: $81,694
• Equity at exit: $126,123

10-year hold

• IRR: 23.0%
• Equity multiple: 7.03×
• Total profit: $236,256
• Equity at exit: $271,989

Cash invested: $39,200 (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: 9.2×

Monthly cashflow live

• Estimated rent: $1,266 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$122 /mo · $1,467/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$266
• Net cashflow: $86

Break-even live

Break-even rent $1,158

Max offer price $140,000

Occupancy floor 88%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
821 S Johnstone Ave Bartlesville, OK	1.0–2.0	1.0–2.0	888	$1,521	$1.71	23d	1	0.95mi

Listing history 17 events

1. 2026-05-01
   status Pending
2. 2026-04-23
   listed $140,000 Active
3. 2025-07-08
   historical
4. 2025-06-20
   listed $140,000 Active
5. 2022-08-24
   soldstatus $102,000
6. 2022-08-22
   soldstatus $102,000 Closed 320-char remark

   Show marketing remark (320 chars)

   Approx 30x40 SHOP including 3 bonus rooms in shop. Lovely full brick nice 3 bdrm 1 bath home on two lots, full chain link fence, beautiful hardwood floors, great living room and dining area. Large kitchen. C H/A, covered deck patio, cvrd front porch. Koi pond with fountain. Double gate to get to shop. Neat and clean.

7. 2022-07-27
   status Pending 320-char remark

   Show marketing remark (320 chars)

   Approx 30x40 SHOP including 3 bonus rooms in shop. Lovely full brick nice 3 bdrm 1 bath home on two lots, full chain link fence, beautiful hardwood floors, great living room and dining area. Large kitchen. C H/A, covered deck patio, cvrd front porch. Koi pond with fountain. Double gate to get to shop. Neat and clean.

8. 2022-07-15
   price $112,000 320-char remark

   Show marketing remark (320 chars)

   Approx 30x40 SHOP including 3 bonus rooms in shop. Lovely full brick nice 3 bdrm 1 bath home on two lots, full chain link fence, beautiful hardwood floors, great living room and dining area. Large kitchen. C H/A, covered deck patio, cvrd front porch. Koi pond with fountain. Double gate to get to shop. Neat and clean.

9. 2022-07-06
   listed $124,000 Active 320-char remark

   Show marketing remark (320 chars)

   Approx 30x40 SHOP including 3 bonus rooms in shop. Lovely full brick nice 3 bdrm 1 bath home on two lots, full chain link fence, beautiful hardwood floors, great living room and dining area. Large kitchen. C H/A, covered deck patio, cvrd front porch. Koi pond with fountain. Double gate to get to shop. Neat and clean.

10. 2016-08-29
    soldstatus $70,000
11. 2016-08-25
    soldstatus $70,000 Closed
12. 2016-06-07
    status Pending
13. 2016-06-07
    listed $70,000 Active
14. 2011-09-12
    soldstatus $60,000
15. 2011-09-09
    soldstatus $60,000
16. 2011-07-25
    historical
17. 2011-06-01
    listed $60,000

ⓘ 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: $1,467 · $122/mo
• Projected year-2 tax: $1,467 · $122/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 8/10 Severe
• 🌡 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 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,197
• − Mortgage interest: −$7,842
• − Property taxes: −$1,467
• − Insurance: −$700
• − Repairs & maintenance: −$1,216
• − Management: −$1,216
• − Depreciation: −$4,073
• Taxable loss: −$1,316
• Est. tax savings @ 24.0%: +$316
• After-tax cash flow: $1,345/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

+133.3% since first listed

17 events — show timeline

• 2026-05-01 Pending — MLS Technology, Inc.
• 2026-04-23 Listed $140,000 MLS Technology, Inc.
• 2025-07-08 Listing Removed — MLS Technology, Inc.
• 2025-06-20 Listed $140,000 MLS Technology, Inc.
• 2022-08-24 Sold (Public Records) $102,000 Public Records
• 2022-08-22 Sold (MLS) $102,000 MLS Technology, Inc.
• 2022-07-27 Pending — MLS Technology, Inc.
• 2022-07-15 Price Changed $112,000 MLS Technology, Inc.
• 2022-07-06 Listed $124,000 MLS Technology, Inc.
• 2016-08-29 Sold (Public Records) $70,000 Public Records
• 2016-08-25 Sold (MLS) $70,000 MLS Technology, Inc.
• 2016-06-07 Pending — MLS Technology, Inc.
• 2016-06-07 Listed $70,000 MLS Technology, Inc.
• 2011-09-12 Sold (Public Records) $60,000 Public Records
• 2011-09-09 Sold (MLS) $60,000 MLS Technology, Inc.
• 2011-07-25 Listing Removed — MLS Technology, Inc.
• 2011-06-01 Listed $60,000 MLS Technology, Inc.

Property tax history

+6.6%/yr

Latest (2025): $1,467 · +0.5% YoY. Source: county tax records.