Renovated Two-Duplex Residential
2701 NW 16th Street Oklahoma City, OK 73107
2701 NW 16th Street, Oklahoma City, OK, 73107
$475,000
Pending
For Sale
$475,000
Pending
MULTI_FAMILY - Bungalow - Oklahoma City, OK
Property Size2,940 SF
Lot Size0.21 Acres
Days on Market149
Property Features for 2701 NW 16th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bedroom 4, Bathroom 4, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3
- Fireplace
- 1
- Standard status
- Pending
- APN
- 2701NW16th73107
- Size
- 2,940 SF
- Lot size
- 0.21 Acres
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1930
- Floors in Building
- 1
- Building materials
- Brick & Frame
- Roof type
- Composition
- Architectural style
- Bungalow
Listing agency
Sage Sotheby's Realty
(405) 748-0405
Listed by
Britta Thrift · License #159271
(405) 821-2313
Added: Feb 24 Updated: Jul 11 at 8:31AM Checked: Jul 23 at 7:06AM
MLS# 1215541
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 property consists of two duplex buildings on a single lot. The Linn-facing duplex includes one-bedroom, one-bath units that were taken to the studs and fully renovated with new plumbing, electrical, framing, drywall, cabinetry, appliances, remodeled bathrooms, and flooring. The 16th Street-facing duplex includes two-bedroom, one-bath units with multiple upgrades, including new central HVAC, kitchen countertops and sinks, flooring, paint, and attic insulation, among other improvements. Both buildings have new roofs completed in 2024.
The address is 2701 NW 16th Street in Oklahoma City, OK 73107. Unit configuration includes one-bedroom, one-bath homes on Linn and two-bedroom, one-bath homes on 16th.
As of April 1, the reported gross rental income is $4,295 per month. The owner currently pays water, sewer, and trash, averaging approximately $200 per month. Showings require 72 hours’ notice.
The address is 2701 NW 16th Street in Oklahoma City, OK 73107. Unit configuration includes one-bedroom, one-bath homes on Linn and two-bedroom, one-bath homes on 16th.
As of April 1, the reported gross rental income is $4,295 per month. The owner currently pays water, sewer, and trash, averaging approximately $200 per month. Showings require 72 hours’ notice.
Key Highlights
- Two duplexes in Oklahoma City’s urban core: one duplex facing 16th St and one duplex facing Linn St
- Linn units: two fully renovated 1 bed, 1 bath units taken to the studs with new plumbing, electrical, framing, drywall, cabinets, appliances, flooring, and remodeled bathrooms
- 16th St units: two 2 bed, 1 bath units with upgrades including new central HVAC, updated kitchen countertops and sinks, new flooring, paint, and attic insulation
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 | $40.6k | $13.80 |
| − Vacancy | −$2.2k | −$0.76 |
| EGI | $38.3k | $13.04 |
| − OpEx | −$11.5k | −$3.91 |
| NOI | $26.8k | $9.13 |
2,940 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$383.4K
$335.5K – $447.3K
NOI $26,838 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$354.8K
$310.4K – $413.9K
NOI $24,833 @ 7.0% cap · market cap 5.23%
Theoretical Best
Specialty Retail
$1.01M
$879.8K – $1.17M
NOI $70,384 @ 7.0% cap · market cap 14.82%
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 - Two duplexes feature fully renovated Linn units and upgraded 16th Street units with 2024 roof replacements.
Where is this duplex located?
The property is located at 2701 NW 16th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two duplexes in Oklahoma City’s urban core: one duplex facing 16th St and one duplex facing Linn St; Linn units: two fully renovated 1 bed, 1 bath units taken to the studs with new plumbing, electrical, framing, drywall, cabinets, appliances, flooring, and remodeled bathrooms; 16th St units: two 2 bed, 1 bath units with upgrades including new central HVAC, updated kitchen countertops and sinks, new flooring, paint, and attic insulation
