Remodeled 3-Bedroom
New
For Sale
$235,000
105 Village Oaks Drive, Oklahoma City, OK 73130
Residential, Oklahoma City, OK
Property Size1,638 SF
Lot Size0.09 Acres
Price / SF$143.47
Days on Market4
Property Features for 105 Village Oaks Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3
Patio and Porch features
Porch
Fireplace
1
Lot features
Interior Lot
Elementary school
Soldier Creek ES
Middle school
Carl Albert MS
High school
Carl Albert HS
Elementary school district
Midwest City/Del City
Middle school district
Midwest City/Del City
High school district
Midwest City/Del City
Directions
Down Reno in between Douglas and Post Road.
Standard status
Active
APN
105NONEVillageOaks73130
Size
1,638 SF
Lot size
0.09 Acres
Utilities
Heating system
Electric (Heating)
Cooling system
Electric
Building Details
Year built
1985
Building materials
Brick, Concrete
Roof type
Composition
Listing Agency:
ReMax Exclusive · RE/MAX International
(405) 919-4150
Listed By:
Stefanie Phillips
(405) 596-3659
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 29 at 3:06AM
MLS# 1244488
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 duplex contains 1,638 square feet with three bedrooms and two bathrooms. The interior has undergone extensive remodeling, including updated finishes and new appliances, while the roof and gutters have also been replaced. Brick and concrete construction, electric heating and cooling, a porch, and a fireplace add to the physical profile. Built in 1985, the property sits on a 0.0895-acre lot, with a composition roof and a new shower door scheduled for installation.
The property is located in Oklahoma City near shopping, dining, restaurants, and everyday amenities. An appraisal has been completed, and the seller is offering concessions toward windows, providing a path for additional improvements. The duplex is positioned for buyers seeking a recently updated residential income property with a defined two-unit configuration.
The property is located in Oklahoma City near shopping, dining, restaurants, and everyday amenities. An appraisal has been completed, and the seller is offering concessions toward windows, providing a path for additional improvements. The duplex is positioned for buyers seeking a recently updated residential income property with a defined two-unit configuration.
Key Highlights
- 3‑bedroom, 2‑bath duplex with 1,638 square feet
- Extensive interior remodeling with new finishes and appliances
- New roof and gutters
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
$14,953
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
6.36%
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%
$299,060
$299.1K
Cap Rate 7%
$213,614
$213.6K
Cap Rate 9%
$166,144
$166.1K
Market Conditions
NOI Build-Up for 1,638 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
$22.6K $13.80/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$21.4K $13.04/SF
− OpEx
−$6.4K −$3.91/SF
NOI
$15.0K $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%
$299,060
Cap Rate 7%
$213,614
Cap Rate 9%
$166,144
Alternative Uses
Best Use
Multifamily LT 5
$213.6K
$186.9K – $249.2K
NOI $14,953 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$197.7K
$173.0K – $230.6K
NOI $13,836 @ 7.0% cap · market cap 5.89%
Theoretical Best
Specialty Retail
$560.2K
$490.2K – $653.6K
NOI $39,214 @ 7.0% cap · market cap 16.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
Explore this area
Business Placement
Demographics for 73130, OK
21,536
Population
9,222
Households
2.3
Avg Household Size
39
Median Age
29%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
2,154
Density / Sq Mi
$69,617
Median Household Income
$41,798
Median Earnings
$1,143
Median Rent
$195,100
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 - Updated two-unit residence with refreshed interiors, new appliances, and recent roof and gutter improvements.
Where is this duplex located?
The property is located at 105 Village Oaks Drive Oklahoma City, OK.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath duplex with 1,638 square feet; Extensive interior remodeling with new finishes and appliances; New roof and gutters
