Brick Half-Duplex with
For Sale
$155,000
4420 S Olie Avenue, Oklahoma City, OK 73109
Residential, Oklahoma City, OK
Property Size1,279 SF
Lot Size0.10 Acres
Price / SF$121.19
Days on Market172
Property Features for 4420 S Olie Avenue
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Patio and Porch features
Porch, Patio
Exterior features
Patio-Covered, Covered Porch
Fireplace
1
Lot features
Interior Lot
Elementary school
Fillmore ES
Middle school
Santa Fe South MS
High school
Capitol Hill HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
East of SW 44th & Wester
Standard status
Active
APN
4420SOlie73109
Size
1,279 SF
Lot size
0.10 Acres
Taxes and HOA fees
HOA Fee
$600 Annually
Utilities
Heating system
Natural Gas
Cooling system
Central Air, Electric
Amenities
fireplace
covered patio
stone walking path
flower beds
side fence
Building Details
Year built
1985
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Weichert Realtors Centennial
(405) 360-0303
Listed By:
Heddy Zhu · License #207930
(405) 589-3820
Added: Mar 4
Changed: Aug 21
Last Checked: Aug 23 at 7:06PM
MLS# 1215082
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 1985 brick-and-frame half-duplex offers 1,279 square feet with two bedrooms, two bathrooms, and an oversized one-car garage. The interior includes a spacious living room with a brick gas-log fireplace, while the primary suite opens to a covered patio. Natural-gas heat and electric central air provide the home’s heating and cooling systems.
Outdoor features include a covered porch, landscaped flower beds, a stone walkway, and a new side fence. The composition roof was replaced in 2020, and the kitchen was remodeled in 2023. The 0.1004-acre lot is located in Oklahoma City near Walmart, restaurants, and a hospital, with access to shopping and medical services.
Outdoor features include a covered porch, landscaped flower beds, a stone walkway, and a new side fence. The composition roof was replaced in 2020, and the kitchen was remodeled in 2023. The 0.1004-acre lot is located in Oklahoma City near Walmart, restaurants, and a hospital, with access to shopping and medical services.
Key Highlights
- 1,279‑square‑foot half‑duplex with 2 bedrooms and 2 bathrooms
- Oversized one‑car garage and covered patio
- Brick‑and‑frame construction completed in 1985
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
$11,676
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
7.53%
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%
$233,520
$233.5K
Cap Rate 7%
$166,800
$166.8K
Cap Rate 9%
$129,733
$129.7K
Market Conditions
NOI Build-Up for 1,279 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
$17.7K $13.80/SF
− Vacancy
−$971 −$0.76/SF
EGI
$16.7K $13.04/SF
− OpEx
−$5.0K −$3.91/SF
NOI
$11.7K $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%
$233,520
Cap Rate 7%
$166,800
Cap Rate 9%
$129,733
Alternative Uses
Best Use
Multifamily LT 5
$166.8K
$146.0K – $194.6K
NOI $11,676 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$154.3K
$135.0K – $180.1K
NOI $10,803 @ 7.0% cap · market cap 6.97%
Theoretical Best
Specialty Retail
$437.4K
$382.7K – $510.3K
NOI $30,619 @ 7.0% cap · market cap 19.75%
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
904
Businesses Nearby
Explore this area
Business Placement
Demographics for 73109, OK
20,148
Population
8,344
Households
2.4
Avg Household Size
33
Median Age
7%
College-Educated
65%
High-School Grad
5.4 sq mi
ZIP Area
3,731
Density / Sq Mi
$40,944
Median Household Income
$28,370
Median Earnings
$851
Median Rent
$89,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-bedroom residence with a remodeled kitchen, covered outdoor space, and central air conditioning.
Where is this duplex located?
The property is located at 4420 S Olie Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 1,279‑square‑foot half‑duplex with 2 bedrooms and 2 bathrooms; Oversized one‑car garage and covered patio; Brick‑and‑frame construction completed in 1985
