Modern Half-Duplex Income
For Sale
$599,000
911 NW 13 Street, Oklahoma City, OK 73106
Residential, Oklahoma City, OK
Property Size2,209 SF
Lot Size0.09 Acres
Price / SF$271.16
Days on Market127
Property Features for 911 NW 13 Street
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 1
Patio and Porch features
Porch, Patio
Exterior features
Patio-Covered, Covered Porch, Rain Gutters
Appliances
Dishwasher, Disposal, Microwave
Lot features
Interior Lot
Elementary school
Wilson ES
Middle school
Classen MS Of Advanced Studies
High school
Douglass HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
From Classen & NW 13 go east to property on the north side of the road.
Standard status
Active
APN
911NW13B73106
Size
2,209 SF
Lot size
0.09 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric, Central Air
Amenities
dog wash station
Building Details
Year built
2020
Building materials
Brick, Stucco
Architectural style
Modern, Contemporary
Listing Agency:
Metro First Realty
(405) 242-4004
Listed By:
Santana Dennis · License #157100
(405) 410-2281
Added: May 1
Changed: Sep 1
Last Checked: Sep 4 at 2:06AM
MLS# 1226687
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.
Built in 2020, this modern half-duplex offers 2,209 square feet with two bedrooms, three bathrooms, and an open-concept arrangement connecting the kitchen and living areas. Each bedroom includes a private en suite, while a half bathroom serves the main living space. The interior is complemented by brick and stucco construction, central air, natural-gas heating, and a kitchen equipped with a dishwasher, disposal, and microwave.
Outdoor features include a covered patio, covered porch, rain gutters, and an oversized backyard on a 0.0918-acre lot. The property also includes a two-car tandem garage and a dedicated dog wash station. Downtown Oklahoma City views are available, with medical centers, dining, and nightlife nearby. No HOA dues or restrictive covenants are associated with the property, and the source information indicates that long-term or short-term rental options may be considered.
Outdoor features include a covered patio, covered porch, rain gutters, and an oversized backyard on a 0.0918-acre lot. The property also includes a two-car tandem garage and a dedicated dog wash station. Downtown Oklahoma City views are available, with medical centers, dining, and nightlife nearby. No HOA dues or restrictive covenants are associated with the property, and the source information indicates that long-term or short-term rental options may be considered.
Key Highlights
- 2,209‑square‑foot half‑duplex built in 2020
- Two bedrooms, three bathrooms, and private en suites
- Two‑car tandem garage
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
$18,659
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
3.12%
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%
$373,180
$373.2K
Cap Rate 7%
$266,557
$266.6K
Cap Rate 9%
$207,322
$207.3K
Market Conditions
NOI Build-Up for 2,209 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
$35.8K $16.20/SF
− Vacancy
−$1.9K −$0.84/SF
EGI
$33.9K $15.36/SF
− OpEx
−$15.3K −$6.91/SF
NOI
$18.7K $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%
$373,180
Cap Rate 7%
$266,557
Cap Rate 9%
$207,322
Alternative Uses
Best Use
Apartment 5plus
$266.6K
$233.2K – $311.0K
NOI $18,659 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$755.5K
$661.0K – $881.4K
NOI $52,883 @ 7.0% cap · market cap 8.83%
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
2,278
Businesses Nearby
Explore this area
Business Placement
Demographics for 73106, OK
12,956
Population
6,069
Households
2.1
Avg Household Size
32
Median Age
40%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
4,319
Density / Sq Mi
$51,934
Median Household Income
$32,145
Median Earnings
$1,050
Median Rent
$262,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom residence with private en suites, an open layout, and a tandem garage.
Where is this residential income property located?
The property is located at 911 NW 13 Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,209‑square‑foot half‑duplex built in 2020; Two bedrooms, three bathrooms, and private en suites; Two‑car tandem garage
