Contemporary Duplex in Nichols
1533 Glenbrook Drive Oklahoma City, OK 73118
1533 Glenbrook Drive, Oklahoma City, OK, 73118
$636,000
For Sale
$636,000
MULTI_FAMILY - Other - Oklahoma City, OK
Property Size5,258 SF
Lot Size0.34 Acres
Price / SF$120.96
Days on Market108
Property Features for 1533 Glenbrook Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5
- 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
- Central Air, Electric
Building Details
- Year built
- 1971
- Building materials
- Brick, Brick & Frame
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
First Source Real Estate Inc.
(405) 236-4747
12020 N Pennsylvania Ave, Oklahoma City, OK
Listed by
Carpenter W Parham
(405) 420-5413
Added: Apr 2 Checked: Jul 18 at 10:06 am
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- All‑electric duplex offered as two identical units (upper and lower), each with over 2,500 SF of living space
- Current leases total $2,000/month per unit: top unit listed as vacant; bottom unit listed as occupied
- Electric heating and central air; appliances include dishwasher, disposal, refrigerator, washer/dryer, and water heater
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 | $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 Uses
Best Use
Multifamily LT 5
$685.7K
$600.0K – $800.0K
NOI $47,999 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$634.5K
$555.2K – $740.2K
NOI $44,413 @ 7.0% cap · market cap 6.98%
Theoretical Best
Specialty Retail
$1.80M
$1.57M – $2.10M
NOI $125,877 @ 7.0% cap · market cap 19.79%
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 - 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: All‑electric duplex offered as two identical units (upper and lower), each with over 2,500 SF of living space; Current leases total $2,000/month per unit: top unit listed as vacant; bottom unit listed as occupied; Electric heating and central air; appliances include dishwasher, disposal, refrigerator, washer/dryer, and water heater
