Courtyard Duplex and
1303 NW 22nd Street Oklahoma City, OK 73106
New
1303 NW 22nd Street, Oklahoma City, OK, 73106
$748,000
For Sale
$748,000
MULTI_FAMILY - Modern - Oklahoma City, OK
Property Size5,984 SF
Lot Size0.16 Acres
Price / SF$125
Days on Market3
Property Features for 1303 NW 22nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 7
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 5, Bathroom 2, Bedroom 1, Bedroom 8, Bathroom 6, Bedroom 7, Bathroom 7, Bathroom 4, Bathroom 3, Bedroom 4
- Standard status
- Active
- APN
- 1303NW22nd73106
- Size
- 5,984 SF
- Lot size
- 0.16 Acres
Utilities
- Heating system
- Natural Gas
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Building materials
- Brick & Frame
- Roof type
- Composition
- Architectural style
- Modern
Listing Agency
Metro First Realty
(405) 242-4004
3232 W Britton Rd, Oklahoma City, OK
Listed by
Steve Wood
(405) 202-8808
Added: Jul 15 Checked: Jul 17 at 5:06 pm
MLS# 1239180
Listing URL
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 for-sale residential income property includes two buildings arranged around a common courtyard. One building is a duplex, with a downstairs 2-bedroom, 1.5-bath unit and an upstairs 1-bedroom, 1-bath unit. The second building is a fourplex, with one downstairs unit featuring 2 bedrooms, 1 bath, and an attached 2-car garage, along with three upstairs units comprising one 1-bedroom, 1-bath unit and two lofts.
The property is described as modern, and all six units are currently rented. With the exception of the lofts, each unit has a washer and dryer inside the unit. Tenants are responsible for all utilities except water and trash.
The duplex and fourplex configuration provides a mix of unit layouts across both buildings, while the shared courtyard setting ties the overall site together.
The property is described as modern, and all six units are currently rented. With the exception of the lofts, each unit has a washer and dryer inside the unit. Tenants are responsible for all utilities except water and trash.
The duplex and fourplex configuration provides a mix of unit layouts across both buildings, while the shared courtyard setting ties the overall site together.
Key Highlights
- 2‑building multifamily with 1 duplex and a 4‑plex arranged around a common courtyard
- All 6 units are currently rented; duplex offers a 2BR/1.5BA downstairs and 1BR/1BA upstairs
- Second building includes one downstairs 2BR/1BA unit plus three upstairs units (1BR/1BA and 2 lofts)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.6k | $13.80 |
| − Vacancy | −$4.5k | −$0.76 |
| EGI | $78.0k | $13.04 |
| − OpEx | −$23.4k | −$3.91 |
| NOI | $54.6k | $9.13 |
5,984 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$780.4K
$682.8K – $910.4K
NOI $54,626 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$722.1K
$631.8K – $842.4K
NOI $50,545 @ 7.0% cap · market cap 6.76%
Theoretical Best
Specialty Retail
$2.05M
$1.79M – $2.39M
NOI $143,257 @ 7.0% cap · market cap 19.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two buildings offer a duplex and fourplex arranged around a common courtyard with multiple in-unit laundry setups.
Where is this duplex located?
The property is located at 1303 NW 22nd Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $748,000.
What are key features of this property?
This property features: 2‑building multifamily with 1 duplex and a 4‑plex arranged around a common courtyard; All 6 units are currently rented; duplex offers a 2BR/1.5BA downstairs and 1BR/1BA upstairs; Second building includes one downstairs 2BR/1BA unit plus three upstairs units (1BR/1BA and 2 lofts)
