Full Duplex Residential Income
427 SE 17th Street Oklahoma City, OK 73129
For Sale
$149,900
MULTI_FAMILY - Bungalow - Oklahoma City, OK
Property Size1,326 SF
Lot Size0.24 Acres
Price / SF$113.05
Days on Market14
Property Features for 427 SE 17th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
Parking
4
Appliances
Refrigerator, Water Heater
Standard status
Active
APN
427SE17th73129
Size
1,326 SF
Lot size
0.24 Acres
Utilities
Cooling system
Window Unit(s)
Building Details
Year built
1983
Floors in Building
1
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Bungalow
Listing Agency:
Whittington Realty
(405) 703-4100
Listed By:
Victory Reneau Razavi · License #176217
(405) 816-1021
Added: Jul 15
Changed: Jul 19
Last Checked: Jul 28 at 2:06PM
MLS# 1239465
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 full duplex residential income property includes two units with a total of three bedrooms and three bathrooms. Both units are currently leased month-to-month, and the tenants wish to stay. The property also features a large backyard.
Recent updates include foundation repair, sewer line and plumbing improvements, electrical upgrades, and interior repairs such as new drywall, a new toilet, and a brand-new refrigerator in one unit. Additional improvements include window units and hot water heaters dated 2016 and 2017.
One unit has been updated with fresh paint and modern touches. Showings for Unit B are limited to Tuesdays and Thursdays only; please do not disturb tenants.
Recent updates include foundation repair, sewer line and plumbing improvements, electrical upgrades, and interior repairs such as new drywall, a new toilet, and a brand-new refrigerator in one unit. Additional improvements include window units and hot water heaters dated 2016 and 2017.
One unit has been updated with fresh paint and modern touches. Showings for Unit B are limited to Tuesdays and Thursdays only; please do not disturb tenants.
Key Highlights
- Full duplex built in 1983 with brick & frame construction and composition roof
- Unit A: 1 bed, 1 bath; month‑to‑month lease at $600/month
- Unit B: 2 bed, 2 bath; month‑to‑month lease at $660/month
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 | $18.3k | $13.80 |
| − Vacancy | −$1.0k | −$0.76 |
| EGI | $17.3k | $13.04 |
| − OpEx | −$5.2k | −$3.91 |
| NOI | $12.1k | $9.13 |
1,326 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$172.9K
$151.3K – $201.8K
NOI $12,105 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$160.0K
$140.0K – $186.7K
NOI $11,200 @ 7.0% cap · market cap 7.47%
Theoretical Best
Specialty Retail
$453.5K
$396.8K – $529.1K
NOI $31,744 @ 7.0% cap · market cap 21.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Full duplex offers two separate units with a total of three bedrooms and three bathrooms on one lot.
Where is this duplex located?
The property is located at 427 SE 17th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Full duplex built in 1983 with brick & frame construction and composition roof; Unit A: 1 bed, 1 bath; month‑to‑month lease at $600/month; Unit B: 2 bed, 2 bath; month‑to‑month lease at $660/month
