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    Contemporary Duplex in Nichols Hills Title is generated by Realmo AI

    1533 Glenbrook Drive, Oklahoma City, OK 73118

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    For Sale
    $636,000

    MULTI_FAMILY - Other - Oklahoma City, OK

    Property size:
    5,258 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $120/SF
    Added:
    Apr 2, 2026
    Days on Market:
    51
    Last Refresh:
    May 22 at 6:06 pm

    Property Features for 1533 Glenbrook Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 6
    Fireplace
    1
    Appliances
    Dishwasher, Disposal, Refrigerator, Washer/Dryer, Water Heater
    Standard status
    Active
    APN
    1533NONEGlenbrook73118
    Size
    5,258 SF
    Lot size
    0.34 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1971
    Building materials
    Brick, Brick & Frame
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Carpenter W Parham

    Listing agent Carpenter W Parham

    Listing office First Source Real Estate Inc. 12020 N Pennsylvania Ave, Oklahoma City, OK

    Listing date Apr 2, 2026

    MLS# 1222134 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.

    HighLights

    • Strong, immediate income potential from two identical units, each leased for $2,000 per month (one currently vacant).
    • Located in the highly desirable Nichols Hills / Glenbrook neighborhood.
    • Each unit offers over 2,500 square feet of living space.
    • All‑electric building saves tenants an estimated $960/year in gas costs.
    • Convenient access (5‑15 minutes) to Oklahoma City's key destinations and amenities.
    • Contemporary duplex featuring two identical units.

    Overview

    This contemporary duplex features two identical units, one upper and one lower level, each with over 2,500 square feet of living space, totaling 5,258 square feet. The property is situated on a 0.3371-acre lot. The top unit is currently vacant with a potential lease value of $2,000 per month, while the bottom unit is occupied and leased for $2,000 per month, offering immediate income potential. The building is all-electric, potentially saving tenants an estimated $960 per year in gas costs. Located in the Nichols Hills / Glenbrook neighborhood, the property benefits from a peaceful, welcoming, and pedestrian-friendly environment, with convenient access to various destinations within 5-15 minutes. These include The OAK, The Plaza District, Chesapeake Energy campus, Whole Foods, Sprouts, Classen Curve, Belle Isle, Lake Hefner, Downtown OKC, Bricktown, the Western District, Scissortail Park (Kite Park), Smitty's Park, Ross Park, the Asian District, and Penn Square Mall.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $533.3K
    NOI $47,999 @ 9.00% cap · cautious / downside scenario
    Moderate
    $685.7K
    NOI $47,999 @ 7.00% cap · market / base-case scenario
    Aggressive
    $960.0K
    NOI $47,999 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $72.6k $13.80
    − Vacancy −$4.0k −$0.76
    EGI $68.6k $13.04
    − OpEx −$20.6k −$3.91
    NOI $48.0k $9.13
    5,258 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $685.7K
    $600.0K – $800.0K (±1% cap)
    NOI $47,999 @ 7.0% cap · market cap 7.55%
    Second Best
    Apartment 5plus
    $634.5K
    $555.2K – $740.2K (±1% cap)
    NOI $44,413 @ 7.0% cap · market cap 6.98%
    Theoretical Best
    Specialty Retail
    $1.80M
    $1.57M – $2.10M (±1% cap)
    NOI $125,877 @ 7.0% cap · market cap 19.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Dental Office Spa & Massage Center Real Estate Agency Hair Salon Law Firm Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.542614
    Latitude
    35.535607

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    FAQs

    What type of property is this?
    Duplex - All-electric duplex with income potential in desirable location.
    Where is this duplex located?
    The property is located at 1533 Glenbrook Drive Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $636,000.
    What are key features of this property?
    This property features: Strong, immediate income potential from two identical units, each leased for $2,000 per month (one currently vacant).; Located in the highly desirable Nichols Hills / Glenbrook neighborhood.; Each unit offers over 2,500 square feet of living space.
    (405) 420-5413
    We can help!
    Listing Contact
    Carpenter W Parham
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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