Brick Ranch Duplex
For Sale
$200,000
3205 NW 36th Street, Oklahoma City, OK 73112
Residential, Oklahoma City, OK
Property Size1,424 SF
Lot Size0.10 Acres
Price / SF$140.45
Days on Market8
Property Features for 3205 NW 36th Street
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Patio and Porch features
Porch
Exterior features
Covered Porch
Fireplace
1
Elementary school
Monroe ES
Middle school
Taft MS
High school
John Marshall HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
Proceed west from NW 36th and May. House is on right (north side). GPS works.
Standard status
Active
APN
3205NW36th73112
Size
1,424 SF
Lot size
0.10 Acres
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air, Electric
Amenities
indoor laundry room
backyard
granite countertops
wood floors
dual sinks
cabinets and extra storage
Building Details
Year built
1983
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Copper Creek Real Estate
(405) 888-9902
Listed By:
Dan Reynolds
(405) 517-5379
Added: Aug 22
Changed: Aug 25
Last Checked: Aug 29 at 7:06AM
MLS# 1245818
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 1,424-square-foot duplex property at 3205 NW 36th Street in Oklahoma City was built in 1983 with brick and frame construction. The ranch-style residence includes three bedrooms, two full bathrooms, an open kitchen, dining area, spacious living room, and an indoor laundry room. Granite countertops, extensive cabinetry, dual sinks in both bathrooms, and wood flooring provide practical interior finishes. A fireplace, central air, electric cooling and heating, composition roofing, and a covered porch are also included.
The property occupies 0.0985 acres in Oklahoma City, Oklahoma, with a small backyard suited to outdoor use. Its interior layout combines the kitchen and living area, while the porch and backyard extend the usable living space.
The property occupies 0.0985 acres in Oklahoma City, Oklahoma, with a small backyard suited to outdoor use. Its interior layout combines the kitchen and living area, while the porch and backyard extend the usable living space.
Key Highlights
- 1,424‑square‑foot duplex property on 0.0985 acres
- Three bedrooms and two full bathrooms
- Open kitchen, dining area, and spacious living room
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
$12,999
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
6.50%
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%
$259,980
$260.0K
Cap Rate 7%
$185,700
$185.7K
Cap Rate 9%
$144,433
$144.4K
Market Conditions
NOI Build-Up for 1,424 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
$19.7K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$18.6K $13.04/SF
− OpEx
−$5.6K −$3.91/SF
NOI
$13.0K $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%
$259,980
Cap Rate 7%
$185,700
Cap Rate 9%
$144,433
Alternative Uses
Best Use
Multifamily LT 5
$185.7K
$162.5K – $216.7K
NOI $12,999 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$171.8K
$150.4K – $200.5K
NOI $12,028 @ 7.0% cap · market cap 6.01%
Theoretical Best
Specialty Retail
$487.0K
$426.1K – $568.2K
NOI $34,091 @ 7.0% cap · market cap 17.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
Explore this area
Business Placement
Demographics for 73112, OK
31,113
Population
16,413
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
7.6 sq mi
ZIP Area
4,094
Density / Sq Mi
$57,833
Median Household Income
$39,641
Median Earnings
$1,030
Median Rent
$173,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained Oklahoma City property with updated kitchen finishes, wood flooring, and a covered porch.
Where is this duplex located?
The property is located at 3205 NW 36th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,424‑square‑foot duplex property on 0.0985 acres; Three bedrooms and two full bathrooms; Open kitchen, dining area, and spacious living room
