Remodeled Duplex Near McKinley
For Sale
$360,000
1609 NW 12th Street, Oklahoma City, OK 73106
MULTI_FAMILY - Other - Oklahoma City, OK
Property Size2,152 SF
Lot Size0.08 Acres
Price / SF$167.29
Days on Market72
Property Features for 1609 NW 12th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 4, Bathroom 3
Lot features
Interior Lot
Elementary school
Eugene Field ES
Middle school
Moon MS
High school
Douglass HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
NW 10th to McKinley Ave. North, W. on NW 12th.
Standard status
Active
APN
1609NW12th73106
Size
2,152 SF
Lot size
0.08 Acres
Building Details
Year built
1935
Floors in Building
2
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Copper Creek Real Estate
(405) 888-9902
Listed By:
Rachael Silverstein · License #206357
(405) 756-6137
Added: May 27
Changed: Aug 5
Last Checked: Aug 6 at 2:06AM
MLS# 1231461
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 2,152 square feet on a 0.0781-acre lot, with a renovation that includes refreshed kitchens, updated bathrooms, modern finishes, and generous natural light. High ceilings and spacious layouts add character to the interior, while brick-and-frame construction and a composition roof reflect the property’s existing structure. The building was constructed in 1935.
The property sits directly across from McKinley Park and three blocks from the Plaza District in Oklahoma City. Its setting places shopping, dining, entertainment, and downtown access within the surrounding urban area. The combination of two-unit configuration, updated interior features, and proximity to established neighborhood destinations gives the property a clear residential income profile.
The property sits directly across from McKinley Park and three blocks from the Plaza District in Oklahoma City. Its setting places shopping, dining, entertainment, and downtown access within the surrounding urban area. The combination of two-unit configuration, updated interior features, and proximity to established neighborhood destinations gives the property a clear residential income profile.
Key Highlights
- 2,152‑square‑foot duplex on a 0.0781‑acre lot
- Updated kitchens, bathrooms, and modern interior finishes
- High ceilings, spacious layouts, and abundant natural light
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 | $29.7k | $13.80 |
| − Vacancy | −$1.6k | −$0.76 |
| EGI | $28.1k | $13.04 |
| − OpEx | −$8.4k | −$3.91 |
| NOI | $19.6k | $9.13 |
2,152 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$280.6K
$245.6K – $327.4K
NOI $19,645 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$259.7K
$227.2K – $303.0K
NOI $18,177 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$736.0K
$644.0K – $858.7K
NOI $51,519 @ 7.0% cap · market cap 14.31%
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
2,278
Businesses Nearby
Explore this area
Business Placement
Demographics for 73106, OK
12,956
Population
6,069
Households
2.1
Avg Household Size
32
Median Age
40%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
4,319
Density / Sq Mi
$51,934
Median Household Income
$32,145
Median Earnings
$1,050
Median Rent
$262,500
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 - Updated kitchens and bathrooms complement high ceilings and bright interior spaces.
Where is this duplex located?
The property is located at 1609 NW 12th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2,152‑square‑foot duplex on a 0.0781‑acre lot; Updated kitchens, bathrooms, and modern interior finishes; High ceilings, spacious layouts, and abundant natural light
