Brick Duplex with Two
For Sale
$230,000
Pending
1101 NW 27th Street, Oklahoma City, OK 73106
Residential Income, Oklahoma City, OK
Property Size1,426 SF
Lot Size0.15 Acres
Days on Market231
Property Features for 1101 NW 27th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Lot features
Corner Lot
Elementary school
Eugene Field ES
Middle school
Douglass MS
High school
Douglass HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
From Western and NW 27th St, west to property.
Standard status
Pending
APN
1101NW27th73106
Size
1,426 SF
Lot size
0.15 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric, Central Air
Building Details
Year built
1940
Floors in Building
2
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
OKC Metro Group
(405) 348-6700
Listed By:
Doug Arnett · License #124248
(405) 202-2002
Added: Jan 10
Changed: Aug 21
Last Checked: Aug 29 at 2:06PM
MLS# 1209502
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 two separate one-bedroom, one-bathroom units within a 1,426-square-foot building on a 0.1481-acre lot. Built in 1940, the property combines brick construction with a composition roof, central air, and natural gas heating. The layout provides compact residential space suited to efficient occupancy, and both units are currently tenant occupied. Please do not disturb the tenants.
The property is located at 1101 NW 27th Street in Oklahoma City, with access to downtown Oklahoma City, Midtown, Paseo, and major roadways. Its central setting places the duplex near dining, employment centers, and local amenities identified in the property information.
The property is located at 1101 NW 27th Street in Oklahoma City, with access to downtown Oklahoma City, Midtown, Paseo, and major roadways. Its central setting places the duplex near dining, employment centers, and local amenities identified in the property information.
Key Highlights
- Two one‑bedroom, one‑bathroom units
- 1,426 square feet on a 0.1481‑acre lot
- Brick construction with a composition roof
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
$13,018
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
5.66%
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%
$260,360
$260.4K
Cap Rate 7%
$185,971
$186.0K
Cap Rate 9%
$144,644
$144.6K
Market Conditions
NOI Build-Up for 1,426 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
$19.7K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$18.6K $13.04/SF
− OpEx
−$5.6K −$3.91/SF
NOI
$13.0K $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%
$260,360
Cap Rate 7%
$185,971
Cap Rate 9%
$144,644
Alternative Uses
Best Use
Multifamily LT 5
$186.0K
$162.7K – $217.0K
NOI $13,018 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$172.1K
$150.6K – $200.8K
NOI $12,045 @ 7.0% cap · market cap 5.24%
Theoretical Best
Specialty Retail
$487.7K
$426.7K – $569.0K
NOI $34,138 @ 7.0% cap · market cap 14.84%
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
1,236
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
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 - Tenant-occupied property with central air, natural gas heat, and access to downtown, Midtown, Paseo, and major roadways.
Where is this duplex located?
The property is located at 1101 NW 27th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bathroom units; 1,426 square feet on a 0.1481‑acre lot; Brick construction with a composition roof
