Two-Story Duplex With
New
For Sale
$325,000
4406 N Harvey Parkway, Oklahoma City, OK 73118
MULTI_FAMILY - Other - Oklahoma City, OK
Property Size2,056 SF
Lot Size0.19 Acres
Price / SF$158.07
Days on Market5
Property Features for 4406 N Harvey Parkway
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Parking
4
Appliances
Dishwasher, Refrigerator
Lot features
Interior Lot
Elementary school
Wilson ES
Middle school
Moon MS
High school
Douglass HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
NW 43rd and Walker go east to Harvey Parkway
Standard status
Active
APN
4406NHarvey73118
Size
2,056 SF
Lot size
0.19 Acres
Utilities
Heating system
Natural Gas
Cooling system
Central Air, Electric
Building Details
Year built
1951
Floors in Building
2
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
Senemar & Associates
(405) 724-7003
Listed By:
Charmaine Caywood
(405) 503-6638
Added: Aug 5
Changed: Aug 6
Last Checked: Aug 9 at 5:06AM
MLS# 1242989
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-story duplex contains 2,056 square feet on a 0.194-acre lot. The upper residence is vacant, while the lower unit is leased through October 2026. A shared front entry serves both units, and each residence also has its own rear entrance. The building features brick construction, a composition roof, natural-gas heat, electric cooling, central air, a dishwasher, and a refrigerator.
Exterior parking includes a 3-car garage along with one additional off-street space. Built in 1951, the property provides a combination of existing rental occupancy and available space within the same building. Its Oklahoma City setting offers convenient highway access and proximity to shopping, restaurants, and entertainment.
Exterior parking includes a 3-car garage along with one additional off-street space. Built in 1951, the property provides a combination of existing rental occupancy and available space within the same building. Its Oklahoma City setting offers convenient highway access and proximity to shopping, restaurants, and entertainment.
Key Highlights
- 2,056‑square‑foot duplex on a 0.194‑acre lot
- Upper unit vacant; lower unit leased through October 2026
- 3‑car garage plus one additional off‑street parking space
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
$18,769
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
5.78%
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%
$375,380
$375.4K
Cap Rate 7%
$268,129
$268.1K
Cap Rate 9%
$208,544
$208.5K
Market Conditions
NOI Build-Up for 2,056 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
$28.4K $13.80/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$26.8K $13.04/SF
− OpEx
−$8.0K −$3.91/SF
NOI
$18.8K $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%
$375,380
Cap Rate 7%
$268,129
Cap Rate 9%
$208,544
Alternative Uses
Best Use
Multifamily LT 5
$268.1K
$234.6K – $312.8K
NOI $18,769 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$248.1K
$217.1K – $289.4K
NOI $17,366 @ 7.0% cap · market cap 5.34%
Theoretical Best
Specialty Retail
$703.2K
$615.3K – $820.4K
NOI $49,221 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
Explore this area
Business Placement
Demographics for 73118, OK
13,521
Population
7,856
Households
1.7
Avg Household Size
37
Median Age
49%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
2,817
Density / Sq Mi
$69,321
Median Household Income
$45,494
Median Earnings
$1,064
Median Rent
$252,500
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 - Brick two-unit property with separate rear entrances, central air, and a three-car garage.
Where is this duplex located?
The property is located at 4406 N Harvey Parkway Oklahoma City, OK.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,056‑square‑foot duplex on a 0.194‑acre lot; Upper unit vacant; lower unit leased through October 2026; 3‑car garage plus one additional off‑street parking space
