Brick
New
For Sale
$320,000
1721 NW 17th Street, Oklahoma City, OK 73106
Residential Income, Oklahoma City, OK
Property Size2,207 SF
Lot Size0.13 Acres
Price / SF$144.99
Days on Market5
Property Features for 1721 NW 17th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1
Lot features
Corner Lot
Elementary school
Western Gateway ES
Middle school
Classen MS Of Advanced Studies
High school
Classen HS Of Advanced Studies
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
Exit I-235 North on NW 23rd St. and turn west, then turn south onto N Classen Blvd. Turn west onto NW 17th St. The home will be on your north (right) side, just past N Indiana Ave.
Standard status
Active
APN
1721NW17th73106
Size
2,207 SF
Lot size
0.13 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric
Building Details
Year built
1926
Floors in Building
2
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
eXp Realty, LLC BO
(888) 560-3964
Listed By:
Jayna Davis
(405) 757-9798
Added: Aug 31
Changed: Sep 3
Last Checked: Sep 4 at 11:06AM
MLS# 1247208
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 two separate residential units within a 2,207-square-foot property on 0.1253 acres. The brick-built structure dates to 1926 and includes composition roofing, natural gas heating, and electric cooling. The room count includes four bedrooms and two bathrooms across the property.
Located at 1721 NW 17th Street in Oklahoma City, the property is within walking distance of the Plaza District, with restaurants, shops, and entertainment nearby. Midtown, Uptown, downtown Oklahoma City, and major thoroughfares are minutes away. The two-unit layout accommodates an owner-occupant arrangement or separate rental use, as supported by the existing configuration.
Located at 1721 NW 17th Street in Oklahoma City, the property is within walking distance of the Plaza District, with restaurants, shops, and entertainment nearby. Midtown, Uptown, downtown Oklahoma City, and major thoroughfares are minutes away. The two-unit layout accommodates an owner-occupant arrangement or separate rental use, as supported by the existing configuration.
Key Highlights
- Two separate residential units in a duplex configuration
- 2,207 square feet on a 0.1253‑acre lot
- Four bedrooms and two bathrooms
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
$20,147
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
6.30%
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%
$402,940
$402.9K
Cap Rate 7%
$287,814
$287.8K
Cap Rate 9%
$223,856
$223.9K
Market Conditions
NOI Build-Up for 2,207 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
$30.5K $13.80/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$28.8K $13.04/SF
− OpEx
−$8.6K −$3.91/SF
NOI
$20.1K $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%
$402,940
Cap Rate 7%
$287,814
Cap Rate 9%
$223,856
Alternative Uses
Best Use
Multifamily LT 5
$287.8K
$251.8K – $335.8K
NOI $20,147 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$266.3K
$233.0K – $310.7K
NOI $18,642 @ 7.0% cap · market cap 5.83%
Theoretical Best
Specialty Retail
$754.8K
$660.5K – $880.6K
NOI $52,836 @ 7.0% cap · market cap 16.51%
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
1,134
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 - Two separate residences near Oklahoma City's Plaza District support flexible occupancy or rental use.
Where is this duplex located?
The property is located at 1721 NW 17th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two separate residential units in a duplex configuration; 2,207 square feet on a 0.1253‑acre lot; Four bedrooms and two bathrooms
