Two-Unit Residential Income
3717 N Olie Avenue Oklahoma City, OK 73118
3717 N Olie Avenue, Oklahoma City, OK, 73118
$500,000
For Sale
$500,000
MULTI_FAMILY - Other - Oklahoma City, OK
Property Size2,468 SF
Lot Size0.21 Acres
Price / SF$202.59
Days on Market97
Property Features for 3717 N Olie Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2
- Parking
- 2
- Fireplace
- 1
- Appliances
- Dishwasher, Microwave, Refrigerator, Washer/Dryer, Water Heater
- Standard status
- Active
- APN
- 3717NOlie73118
- Size
- 2,468 SF
- Lot size
- 0.21 Acres
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1941
- Floors in Building
- 2
- Building materials
- Brick & Frame
- Roof type
- Composition
- Architectural style
- Other
Listing agency
Verbode
(405) 757-7001
Listed by
Gary Caplinger
(405) 694-8562
Added: Apr 18 Updated: Jul 18 at 3:31AM Checked: Jul 23 at 11:06AM
MLS# 1223844
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 two-unit residential income property is configured as two identical 2-bedroom, 1-bath homes. Both units feature mock fireplaces, hardwood flooring, and updated kitchens with walnut cabinetry and quartzite countertops. The upstairs unit is distinguished by built-in shelving in the living room and a private second-floor balcony. The roof is brand new, and the property has been consistently well maintained. In 2024, the downstairs unit received new HVAC, ductwork, and a tankless water heater, with systems described as in good shape.
The home includes four off-street parking spaces behind the property, with two covered garage spaces and two uncovered spaces, plus a fenced yard. It is located in an urban neighborhood described as desirable, with walkability to the Western Ave District.
The layout and current condition make this a practical fit for an owner-occupant or investor seeking an income-producing duplex with income in place and major systems addressed. Each unit’s consistent floorplan supports straightforward management and tenant replacement, while the design-focused updates and exterior parking amenities add everyday livability for residents.
The home includes four off-street parking spaces behind the property, with two covered garage spaces and two uncovered spaces, plus a fenced yard. It is located in an urban neighborhood described as desirable, with walkability to the Western Ave District.
The layout and current condition make this a practical fit for an owner-occupant or investor seeking an income-producing duplex with income in place and major systems addressed. Each unit’s consistent floorplan supports straightforward management and tenant replacement, while the design-focused updates and exterior parking amenities add everyday livability for residents.
Key Highlights
- Two‑unit property built in 1941 with brick & frame construction and composition roof.
- Each unit is 2 bed, 1 bath with hardwood floors, updated kitchens, and mock fireplaces.
- Renovated with walnut cabinetry and quartzite countertops in the kitchens.
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 | $34.1k | $13.80 |
| − Vacancy | −$1.9k | −$0.76 |
| EGI | $32.2k | $13.04 |
| − OpEx | −$9.7k | −$3.91 |
| NOI | $22.5k | $9.13 |
2,468 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$321.9K
$281.6K – $375.5K
NOI $22,530 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$297.8K
$260.6K – $347.4K
NOI $20,846 @ 7.0% cap · market cap 4.17%
Theoretical Best
Specialty Retail
$844.1K
$738.6K – $984.7K
NOI $59,084 @ 7.0% cap · market cap 11.82%
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 identical 2-bed, 1-bath units with updated interiors, off-street parking, and a recently replaced roof.
Where is this duplex located?
The property is located at 3717 N Olie Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑unit property built in 1941 with brick & frame construction and composition roof.; Each unit is 2 bed, 1 bath with hardwood floors, updated kitchens, and mock fireplaces.; Renovated with walnut cabinetry and quartzite countertops in the kitchens.
