Two-Unit Duplex with
For Sale
$385,000
Pending
10551 NW 19th Street, Oklahoma City, OK 73127
MULTI_FAMILY - Other - Oklahoma City, OK
Property Size2,356 SF
Lot Size0.23 Acres
Days on Market174
Property Features for 10551 NW 19th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 3
Parking
4
Appliances
Dishwasher, Disposal, Microwave, Water Heater
Lot features
Corner Lot
Elementary school
Myers ES
Middle school
Yukon MS
High school
Yukon HS
Elementary school district
Yukon
Middle school district
Yukon
High school district
Yukon
Directions
From NW 10th Street and Sara Road, go North on Sara to NW 19th Street. Property in on the North Side of the road.
Standard status
Pending
APN
10551NW19th73127
Size
2,356 SF
Lot size
0.23 Acres
Taxes and HOA fees
HOA Fee
$150 Annually
Utilities
Heating system
Electric (Heating)
Cooling system
Electric, Central Air
Building Details
Year built
2021
Floors in Building
1
Building materials
Brick & Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Flotilla Real Estate Partners
(405) 977-0207
Listed By:
Thad A Dobson
(405) 255-3302
Added: Feb 19
Changed: Aug 10
Last Checked: Aug 12 at 9:06AM
MLS# 1215023
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2021 duplex is offered as a single sale, with two similar residences designed for comfortable living. Each side contains 3 bedrooms, 2 bathrooms, a 2-car garage, a private backyard, and a patio. Interior details include stained concrete in the living spaces, carpeted bedrooms, granite countertops, and oil-rubbed bronze fixtures. A large walk-in closet serves each primary bedroom. Appliances include a dishwasher, disposal, microwave, and water heater, while electric heating and central air provide the building’s climate systems. Construction combines brick and frame, with a shingle roof.
The property occupies 0.2251 acres at 10551 NW 19th Street in Oklahoma City, Canadian County, Oklahoma. Both units convey together, providing a duplex configuration with matching layouts and finishes. The property is located in ZIP code 73127.
The property occupies 0.2251 acres at 10551 NW 19th Street in Oklahoma City, Canadian County, Oklahoma. Both units convey together, providing a duplex configuration with matching layouts and finishes. The property is located in ZIP code 73127.
Key Highlights
- Duplex with two residences sold together
- Each unit includes 3 bedrooms and 2 bathrooms
- Each side has a 2‑car garage, private backyard, and patio
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
$21,507
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
5.59%
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%
$430,140
$430.1K
Cap Rate 7%
$307,243
$307.2K
Cap Rate 9%
$238,967
$239.0K
Market Conditions
NOI Build-Up for 2,356 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
$32.5K $13.80/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$30.7K $13.04/SF
− OpEx
−$9.2K −$3.91/SF
NOI
$21.5K $9.13/SF
Area
Oklahoma City, OK
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$430,140
Cap Rate 7%
$307,243
Cap Rate 9%
$238,967
Alternative Uses
Best Use
Multifamily LT 5
$307.2K
$268.8K – $358.5K
NOI $21,507 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$284.3K
$248.8K – $331.7K
NOI $19,900 @ 7.0% cap · market cap 5.17%
Theoretical Best
Specialty Retail
$805.8K
$705.0K – $940.1K
NOI $56,403 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Explore this area
Business Placement
Demographics for 73127, OK
27,007
Population
11,329
Households
2.4
Avg Household Size
32
Median Age
16%
College-Educated
76%
High-School Grad
11.3 sq mi
ZIP Area
2,390
Density / Sq Mi
$46,020
Median Household Income
$28,766
Median Earnings
$926
Median Rent
$139,200
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 - Each residence offers finished interiors, private outdoor space, and dedicated garage parking in a recently built property.
Where is this duplex located?
The property is located at 10551 NW 19th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Duplex with two residences sold together; Each unit includes 3 bedrooms and 2 bathrooms; Each side has a 2‑car garage, private backyard, and patio
