Tenant-Occupied
For Sale
$325,000
Pending
6304 NW 82nd Street, Oklahoma City, OK 73132
Residential Income, Oklahoma City, OK
Property Size3,372 SF
Lot Size0.27 Acres
Days on Market114
Property Features for 6304 NW 82nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 1
Fireplace
1
Lot features
Interior Lot
Elementary school
Wiley Post ES
Middle school
Hefner MS
High school
Putnam City North HS
Elementary school district
Putnam City
Middle school district
Putnam City
High school district
Putnam City
Directions
Between Rockwell and MacArthur off Northwest Expressway. From Northwest Expressway head north on Springbrook Dr then west on NW 82nd St.
Standard status
Pending
APN
6304NW82nd73132
Size
3,372 SF
Lot size
0.27 Acres
Building Details
Year built
1970
Floors in Building
1
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Spearhead Realty Group LLC
(405) 493-8144
Listed By:
Cassi R Justiz
(806) 549-8866
Added: May 8
Changed: Aug 21
Last Checked: Aug 29 at 7:06PM
MLS# 1227098
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 ranch-style duplex contains two residences with a combined 3,372 square feet. Each side includes 2 bedrooms and 2 bathrooms, creating a four-bedroom, four-bathroom configuration across the property. Built in 1970, the building features brick and frame construction, a composition roof, and fireplaces.
The property is leased on both sides and is located in Oklahoma City’s Putnam City school district. Its position near major roads and Lake Hefner provides established access to area destinations. The 0.2732-acre parcel is addressed at 6304 NW 82nd Street, Oklahoma City, OK 73132.
The property is leased on both sides and is located in Oklahoma City’s Putnam City school district. Its position near major roads and Lake Hefner provides established access to area destinations. The 0.2732-acre parcel is addressed at 6304 NW 82nd Street, Oklahoma City, OK 73132.
Key Highlights
- Both units are leased, with occupancy in place across the duplex
- 3,372 total square feet on a 0.2732‑acre parcel
- Two residences, each with 2 bedrooms and 2 bathrooms
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
$28,482
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
8.76%
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%
$569,640
$569.6K
Cap Rate 7%
$406,886
$406.9K
Cap Rate 9%
$316,467
$316.5K
Market Conditions
NOI Build-Up for 3,372 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
$54.6K $16.20/SF
− Vacancy
−$2.8K −$0.84/SF
EGI
$51.8K $15.36/SF
− OpEx
−$23.3K −$6.91/SF
NOI
$28.5K $8.45/SF
Area
Oklahoma City, OK
Vacancy
5.20%
Lease Rate
$16.20 /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%
$569,640
Cap Rate 7%
$406,886
Cap Rate 9%
$316,467
Alternative Uses
Best Use
Multifamily LT 5
$439.7K
$384.8K – $513.0K
NOI $30,782 @ 7.0% cap · market cap 9.47%
Second Best
Apartment 5plus
$406.9K
$356.0K – $474.7K
NOI $28,482 @ 7.0% cap · market cap 8.76%
Theoretical Best
Specialty Retail
$1.15M
$1.01M – $1.35M
NOI $80,726 @ 7.0% cap · market cap 24.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
881
Businesses Nearby
Explore this area
Business Placement
Demographics for 73132, OK
28,394
Population
12,592
Households
2.3
Avg Household Size
36
Median Age
31%
College-Educated
92%
High-School Grad
7.6 sq mi
ZIP Area
3,736
Density / Sq Mi
$58,750
Median Household Income
$37,243
Median Earnings
$1,058
Median Rent
$200,500
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 - Both residences are leased within a two-unit configuration.
Where is this duplex located?
The property is located at 6304 NW 82nd Street 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: Both units are leased, with occupancy in place across the duplex; 3,372 total square feet on a 0.2732‑acre parcel; Two residences, each with 2 bedrooms and 2 bathrooms
