Updated Duplex with Attached
For Sale
$295,000
Pending
229 Windsor Way, Oklahoma City, OK 73110
Residential Income, Oklahoma City, OK
Property Size2,288 SF
Lot Size0.17 Acres
Days on Market49
Property Features for 229 Windsor Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 5
Elementary school
Crutcho Public School
Elementary school district
Crutcho
Middle school district
Crutcho
High school district
Crutcho
Directions
Head south on S Sunnylane Rd, turn east (left) onto Windsor Way, and follow it straight-229 & 231 Windsor Way will be on your north (left) side.
Standard status
Pending
APN
229NONEWindsor73110
Size
2,288 SF
Lot size
0.17 Acres
Amenities
in-unit laundry room
pantry in kitchen
sliding patio doors
Building Details
Year built
1983
Floors in Building
1
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Salt Real Estate Inc
(405) 839-7070
Listed By:
Ciara Whitney
(405) 990-8561
Added: Jul 25
Changed: Sep 10
Last Checked: Sep 11 at 3:06PM
MLS# 1241261
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 2,288 square feet across two residential units, with each side offering three bedrooms, two bathrooms, an in-unit laundry room, kitchen pantry, dining area, and open living arrangement. Sliding patio doors, pass-through kitchen bars, and private attached one-car garages serve both units. Interior improvements include modern LVP flooring, new paint, updated countertops, tile backsplashes, refreshed white cabinetry, and new toilets. A new composition roof is scheduled for installation before closing.
Built in 1983 on a 0.17-acre lot, the property uses brick and frame construction and is located at 229 Windsor Way in Oklahoma City, Oklahoma. The configuration provides separate residential layouts within one income-producing property, with six bedrooms and four bathrooms in total.
Built in 1983 on a 0.17-acre lot, the property uses brick and frame construction and is located at 229 Windsor Way in Oklahoma City, Oklahoma. The configuration provides separate residential layouts within one income-producing property, with six bedrooms and four bathrooms in total.
Key Highlights
- 2,288‑square‑foot duplex with two residential units
- Each unit includes 3 bedrooms and 2 bathrooms
- One attached 1‑car garage serves each side
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
$20,886
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
7.08%
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%
$417,720
$417.7K
Cap Rate 7%
$298,371
$298.4K
Cap Rate 9%
$232,067
$232.1K
Market Conditions
NOI Build-Up for 2,288 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
$31.6K $13.80/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$29.8K $13.04/SF
− OpEx
−$9.0K −$3.91/SF
NOI
$20.9K $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%
$417,720
Cap Rate 7%
$298,371
Cap Rate 9%
$232,067
Alternative Uses
Best Use
Multifamily LT 5
$298.4K
$261.1K – $348.1K
NOI $20,886 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$276.1K
$241.6K – $322.1K
NOI $19,326 @ 7.0% cap · market cap 6.55%
Theoretical Best
Specialty Retail
$782.5K
$684.7K – $912.9K
NOI $54,775 @ 7.0% cap · market cap 18.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Explore this area
Business Placement
Demographics for 73110, OK
33,156
Population
15,826
Households
2.1
Avg Household Size
35
Median Age
20%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,436
Median Household Income
$35,043
Median Earnings
$1,007
Median Rent
$119,900
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer three bedrooms, two baths, laundry, and a private garage on each side.
Where is this duplex located?
The property is located at 229 Windsor Way Oklahoma City, OK.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2,288‑square‑foot duplex with two residential units; Each unit includes 3 bedrooms and 2 bathrooms; One attached 1‑car garage serves each side
