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    Income-Producing Duplex in Oklahoma City Title is generated by Realmo AI

    6916 Woodlake Drive, Oklahoma City, OK 73132

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    Claim this Listing
    Pending
    $299,900

    MULTI_FAMILY - Other - Oklahoma City, OK

    Property size:
    2,860 SF
    Lot size:
    0.23 Acres
    Added:
    Jan 30, 2026
    Days on Market:
    132
    Last Refresh:
    Jun 11 at 7:06 pm

    Property Features for 6916 Woodlake Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    6
    Rooms
    Bedroom 4, Bathroom 4, Bathroom 6, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 5, Bedroom 3, Bedroom 5, Bedroom 1
    Standard status
    Pending
    APN
    6916NONEWoodlake73132
    Size
    2,860 SF
    Lot size
    0.23 Acres

    Building Details

    Year built
    1977
    Floors in Building
    2
    Building materials
    Brick & Frame
    Roof type
    Composition
    Architectural style
    Other

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    Listing Contact
    Ryann Shannon

    Listing agent Ryann Shannon License #181516

    Listing office Whittington Realty 26 SW 104th, Oklahoma City, OK

    Listing date Jan 30, 2026

    MLS# 1211973 Listing URL

    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.

    HighLights

    • Duplex (2‑unit) multifamily property with tenants: Unit 6916 leased at $1,325/month + $25 pet fee; Unit 6920 currently vacant
    • Each unit charged a flat $110/month fee for utilities
    • Unit 6916 has been occupied by the same tenant for approx. 3 years and just signed a new lease
    • Both units feature a spacious two‑story layout with 3 bedrooms and 2.5 bathrooms
    • Exterior freshly painted in 2026; Unit 6916 interior paint completed in 2025
    • Brick & frame construction with a composition roof; built in 1977

    Overview

    This duplex presents an opportunity to own a multifamily, income-producing property with tenants already in place. Unit 6916 is currently leased at $1,325 per month, plus a $25 pet fee. Unit 6920 is vacant. Both units are charged a flat $110 monthly fee for utilities. One unit has had the same tenant for approximately three years. This tenant (6916) recently signed a new lease. Each unit features a two-story layout with 3 bedrooms and 2.5 bathrooms. The property has been freshly painted on the exterior in 2026. Unit 6916 was remodeled to include interior paint in 2025. The property is situated on a lot of 0.2263 acres and has a total size of 2860 square feet. The property is located in Oklahoma City, Oklahoma. This property delivers stability, functionality, and built-in income potential.

    Local 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 $39.5k $13.80
    − Vacancy −$2.2k −$0.76
    EGI $37.3k $13.04
    − OpEx −$11.2k −$3.91
    NOI $26.1k $9.13
    2,860 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $373.0K
    $326.4K – $435.1K (±1% cap)
    NOI $26,108 @ 7.0% cap · market cap 8.71%
    Second Best
    Apartment 5plus
    $345.1K
    $302.0K – $402.6K (±1% cap)
    NOI $24,158 @ 7.0% cap · market cap 8.06%
    Theoretical Best
    Specialty Retail
    $978.1K
    $855.9K – $1.14M (±1% cap)
    NOI $68,468 @ 7.0% cap · market cap 22.83%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.634234
    Latitude
    35.539398

    FAQs

    What type of property is this?
    Duplex - Multifamily duplex with tenants, offering immediate cash flow.
    Where is this duplex located?
    The property is located at 6916 Woodlake Drive Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Duplex (2‑unit) multifamily property with tenants: Unit 6916 leased at $1,325/month + $25 pet fee; Unit 6920 currently vacant; Each unit charged a flat $110/month fee for utilities; Unit 6916 has been occupied by the same tenant for approx. 3 years and just signed a new lease
    More about this property
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