Brick-and-Frame
New
For Sale
$160,000
1522 NE 14th Street, Oklahoma City, OK 73117
Residential Income, Oklahoma City, OK
Property Size1,435 SF
Lot Size0.15 Acres
Price / SF$111.50
Days on Market7
Property Features for 1522 NE 14th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2
Fireplace
1
Lot features
Interior Lot
Elementary school
Adams ES
Middle school
Capitol Hill MS
High school
Douglass HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
Property is located in the southeast corner of N Lottie Ave and NE 16th
Standard status
Active
APN
1522NE14th73117
Size
1,435 SF
Lot size
0.15 Acres
Building Details
Year built
1932
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Modern Abode Realty
(405) 657-2525
Listed By:
Jeremy Dugas · License #178327
(405) 474-4732
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 21 at 9:06AM
MLS# 1249423
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 duplex contains 1,435 square feet on a 0.15-acre parcel, with brick-and-frame construction dating to 1932. The property includes two bedrooms, two bathrooms, a fireplace, and a composition roof. One side is occupied by a Section 8 tenant, while the other side is identified as requiring completion.
The property is located at 1522 NE 14th Street in Oklahoma City, near the medical district and Bricktown. Its existing two-unit configuration and documented room count provide a defined residential income property format, with the physical improvements already in place.
The property is located at 1522 NE 14th Street in Oklahoma City, near the medical district and Bricktown. Its existing two-unit configuration and documented room count provide a defined residential income property format, with the physical improvements already in place.
Key Highlights
- Duplex with 1,435 square feet of building area
- Situated on a 0.15‑acre parcel at 1522 NE 14th Street
- One side is tenant occupied under a Section 8 tenancy
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
$13,100
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
8.19%
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%
$262,000
$262.0K
Cap Rate 7%
$187,143
$187.1K
Cap Rate 9%
$145,556
$145.6K
Market Conditions
NOI Build-Up for 1,435 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
$19.8K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$18.7K $13.04/SF
− OpEx
−$5.6K −$3.91/SF
NOI
$13.1K $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%
$262,000
Cap Rate 7%
$187,143
Cap Rate 9%
$145,556
Alternative Uses
Best Use
Multifamily LT 5
$187.1K
$163.8K – $218.3K
NOI $13,100 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$173.2K
$151.5K – $202.0K
NOI $12,121 @ 7.0% cap · market cap 7.58%
Theoretical Best
Specialty Retail
$490.8K
$429.4K – $572.6K
NOI $34,354 @ 7.0% cap · market cap 21.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
Explore this area
Business Placement
Demographics for 73117, OK
5,859
Population
3,402
Households
1.7
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
6.4 sq mi
ZIP Area
915
Density / Sq Mi
$21,923
Median Household Income
$23,255
Median Earnings
$951
Median Rent
$116,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - One unit is occupied, while the adjoining side is identified for completion.
Where is this duplex located?
The property is located at 1522 NE 14th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Duplex with 1,435 square feet of building area; Situated on a 0.15‑acre parcel at 1522 NE 14th Street; One side is tenant occupied under a Section 8 tenancy
