Two-Unit Duplex with
For Sale
$385,000
Pending
10547 NW 19th St, Oklahoma City, OK 73127
Finished interiors, private outdoor space, and garage parking support comfortable residential use across both units.
Property Size2,356 SF
Days on Market35
Property Features for 10547 NW 19th St
General Information
Standard status
Pending
Size
2,356 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
private backyard
patio
Building Details
Year Built
2020
Buildings
1
Listing Agency:
Flotilla Real Estate Partners
(405) 255-3302
Listed By:
Thad A Dobson · License #149881
Source:
Oklahomerealestate
Added: Jul 29
Changed: Aug 31
Last Checked: Aug 30 at 8:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Flotilla Real Estate Partners
Investment Insights
Based on property information with market context.
This two-unit duplex was built in 2020 and is being offered as a single property. Each residence includes three bedrooms, two bathrooms, and a two-car garage, along with a private backyard and patio. Interior details include stained concrete flooring in the living areas, carpeted bedrooms, granite countertops, and oil-rubbed bronze fixtures. A large walk-in closet serves the primary bedroom in each unit.
The property offers a consistent configuration across both residences, with practical living space, dedicated garage parking, and outdoor areas. The units are described as similar in appearance, while the marketing photos depict different residences. Both units will convey together, providing one duplex asset with matching layouts and finishes.
The property offers a consistent configuration across both residences, with practical living space, dedicated garage parking, and outdoor areas. The units are described as similar in appearance, while the marketing photos depict different residences. Both units will convey together, providing one duplex asset with matching layouts and finishes.
Key Highlights
- Duplex includes two residential units sold together
- Each unit offers 3 bedrooms and 2 bathrooms
- Each residence includes a 2‑car 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
$21,507
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
5.59%
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%
$430,140
$430.1K
Cap Rate 7%
$307,243
$307.2K
Cap Rate 9%
$238,967
$239.0K
Market Conditions
NOI Build-Up for 2,356 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
$32.5K $13.80/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$30.7K $13.04/SF
− OpEx
−$9.2K −$3.91/SF
NOI
$21.5K $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%
$430,140
Cap Rate 7%
$307,243
Cap Rate 9%
$238,967
Alternative Uses
Best Use
Multifamily LT 5
$307.2K
$268.8K – $358.5K
NOI $21,507 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$284.3K
$248.8K – $331.7K
NOI $19,900 @ 7.0% cap · market cap 5.17%
Theoretical Best
Specialty Retail
$805.8K
$705.0K – $940.1K
NOI $56,403 @ 7.0% cap · market cap 14.65%
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
200
Businesses Nearby
Explore this area
Business Placement
Demographics for 73127, OK
27,007
Population
11,329
Households
2.4
Avg Household Size
32
Median Age
16%
College-Educated
76%
High-School Grad
11.3 sq mi
ZIP Area
2,390
Density / Sq Mi
$46,020
Median Household Income
$28,766
Median Earnings
$926
Median Rent
$139,200
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 - Finished interiors, private outdoor space, and garage parking support comfortable residential use across both units.
Where is this duplex located?
The property is located at 10547 NW 19th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Duplex includes two residential units sold together; Each unit offers 3 bedrooms and 2 bathrooms; Each residence includes a 2‑car garage
