Remodeled Duplex with Fenced
3531 NW 51st Street Oklahoma City, OK 73112
3531 NW 51st Street, Oklahoma City, OK, 73112
$252,000
For Sale
$252,000
MULTI_FAMILY - Other - Oklahoma City, OK
Property Size2,173 SF
Lot Size0.16 Acres
Price / SF$115.97
Days on Market46
Property Features for 3531 NW 51st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 4
- Standard status
- Active
- APN
- 3531NW51st73112
- Size
- 2,173 SF
- Lot size
- 0.16 Acres
Utilities
- Heating system
- Natural Gas
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1965
- Building materials
- Brick & Frame
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
OK Flat Fee Realty
(405) 759-8448
3721 SE 26th St, Moore, OK
Listed by
Chance Daggs · License #177744
(405) 759-8448
Added: Jun 3 Checked: Jul 18 at 9:06 am
MLS# 1232446
Listing URL
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 remodeled duplex offers two separate residential units with practical layouts for long-term rental use. One unit includes 2 bedrooms and 1 bathroom and is served by a 1-car garage. It also features a covered back porch and a fenced backyard and is currently vacant for showings. The second unit also provides 2 bedrooms and 1 bathroom with a 1-car garage and is currently leased.
The property is centrally located within an Oklahoma City neighborhood. Access to the occupied unit is provided only upon accepted contract.
Unit sizes are approximately 1,100 square feet and 990 square feet, for a total property size of about 2,173 square feet.
The property is centrally located within an Oklahoma City neighborhood. Access to the occupied unit is provided only upon accepted contract.
Unit sizes are approximately 1,100 square feet and 990 square feet, for a total property size of about 2,173 square feet.
Key Highlights
- Remodeled duplex in an Oklahoma City neighborhood; each unit has 2 bedrooms and 1 bathroom
- 3531 NW 51st: approx. 1,100 SF with covered back porch, fenced backyard, and 1‑car garage; currently vacant for showings (previously rented $1,500/mo)
- 3529 NW 51st: approx. 990 SF with 2 bed/1 bath and 1‑car garage; currently leased at $1,100/mo
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 | $30.0k | $13.80 |
| − Vacancy | −$1.6k | −$0.76 |
| EGI | $28.3k | $13.04 |
| − OpEx | −$8.5k | −$3.91 |
| NOI | $19.8k | $9.13 |
2,173 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$283.4K
$248.0K – $330.6K
NOI $19,837 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$262.2K
$229.4K – $305.9K
NOI $18,355 @ 7.0% cap · market cap 7.28%
Theoretical Best
Specialty Retail
$743.2K
$650.3K – $867.0K
NOI $52,022 @ 7.0% cap · market cap 20.64%
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 - Remodeled duplex with two 2-bedroom units, each with a 1-car garage, including a fenced backyard and covered porch.
Where is this duplex located?
The property is located at 3531 NW 51st Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $252,000.
What are key features of this property?
This property features: Remodeled duplex in an Oklahoma City neighborhood; each unit has 2 bedrooms and 1 bathroom; 3531 NW 51st: approx. 1,100 SF with covered back porch, fenced backyard, and 1‑car garage; currently vacant for showings (previously rented $1,500/mo); 3529 NW 51st: approx. 990 SF with 2 bed/1 bath and 1‑car garage; currently leased at $1,100/mo
