Updated Half-Duplex Income
For Sale
$149,000
619 Peppertree Lane, Midwest City, OK 73110
Residential, Midwest City, OK
Property Size1,110 SF
Lot Size0.08 Acres
Price / SF$134.23
Days on Market37
Property Features for 619 Peppertree Lane
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1
Patio and Porch features
Patio, Porch
Fireplace
1
Lot features
Campus Area, Interior Lot
Elementary school
Midwest City ES
Middle school
Midwest City MS
High school
Midwest City HS
Elementary school district
Midwest City/Del City
Middle school district
Midwest City/Del City
High school district
Midwest City/Del City
Directions
Adair Blvd to Peppertree Lane.
Standard status
Active
APN
619NONEPeppertree73110
Size
1,110 SF
Lot size
0.08 Acres
Utilities
Heating system
Electric (Heating)
Cooling system
Gas (Cooling)
Building Details
Year built
1984
Building materials
Brick & Frame
Roof type
Composition
Listing Agency:
Metro Group Brokers
(405) 737-4700
Listed By:
Barbara Parker
(405) 615-7835
Added: Aug 2
Changed: Sep 3
Last Checked: Sep 7 at 3:06PM
MLS# 1242194
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 1,110-square-foot half-duplex residence was built in 1984 and occupies a 0.0803-acre lot. The property includes three bedrooms, two bathrooms, a fireplace, patio, porch, and a double-car garage equipped with a lift. Brick-and-frame construction is paired with a composition roof, electric heating, and gas cooling.
Recent improvements include a roof replacement, new fencing, fresh interior paint, updated flooring, and kitchen updates with a dishwasher and stovetop oven. The home is located in Midwest City near Tinker Air Force Base, Rose State College, Warren movie theatre, a hospital, shopping, dining, I-240, and I-40.
Recent improvements include a roof replacement, new fencing, fresh interior paint, updated flooring, and kitchen updates with a dishwasher and stovetop oven. The home is located in Midwest City near Tinker Air Force Base, Rose State College, Warren movie theatre, a hospital, shopping, dining, I-240, and I-40.
Key Highlights
- 1,110 SF half‑duplex residence on a 0.0803‑acre lot
- Three‑bedroom, two‑bathroom layout with fireplace
- Double‑car garage with lift
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
$7,063
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
4.74%
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%
$141,260
$141.3K
Cap Rate 7%
$100,900
$100.9K
Cap Rate 9%
$78,478
$78.5K
Market Conditions
NOI Build-Up for 1,110 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
$14.3K $12.84/SF
− Vacancy
−$1.4K −$1.27/SF
EGI
$12.8K $11.57/SF
− OpEx
−$5.8K −$5.21/SF
NOI
$7.1K $6.36/SF
Area
Oklahoma County, OK
Vacancy
9.90%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
45.00%
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%
$141,260
Cap Rate 7%
$100,900
Cap Rate 9%
$78,478
Alternative Uses
Best Use
Apartment 5plus
$100.9K
$88.3K – $117.7K
NOI $7,063 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$231.2K
$202.3K – $269.7K
NOI $16,183 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
Business Placement
Demographics for 73110, OK
33,156
Population
15,826
Households
2.1
Avg Household Size
35
Median Age
20%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,436
Median Household Income
$35,043
Median Earnings
$1,007
Median Rent
$119,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Brick-and-frame residence with refreshed interiors, a two-car garage, and convenient access to area employment, education, healthcare, and retail.
Where is this residential income property located?
The property is located at 619 Peppertree Lane Midwest City, OK.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: 1,110 SF half‑duplex residence on a 0.0803‑acre lot; Three‑bedroom, two‑bathroom layout with fireplace; Double‑car garage with lift
