Two-Unit
1121 NW 27th Street, Oklahoma City, OK 73106
For Sale
$260,000
Located in Oklahoma City’s Asian District, the property has one occupied unit and one vacant unit.
Property Size1,778 SF
Price / SF$146.23
Days on Market68
Property Features for 1121 NW 27th Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Diamonds Realty, Inc.
(405) 737-6040
Listed By:
Calvin Slocum · License OK #181853
(580) 351-8316
Source:
Eastwoodrealtygroup
Added: Sep 3
Changed: Nov 7
Last Checked: Nov 9 at 5:38PM
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 Diamonds Realty, Inc.
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Investment Insights
Based on property information with market context.
This 1,778-square-foot duplex in Oklahoma City’s Asian District was built in 1926. Its two units each contain two bedrooms. One unit is occupied, while the other is vacant and available for leasing.
Key Highlights
- Two‑unit duplex with 1,778 square feet
- Each unit has two bedrooms
- Built in 1926
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,231
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,620
$324.6K
Cap Rate 7%
$231,871
$231.9K
Cap Rate 9%
$180,344
$180.3K
Market Conditions
NOI Build-Up for 1,778 SF
Gross rent
$24.5K $13.80/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$23.2K $13.04/SF
− OpEx
−$7.0K −$3.91/SF
NOI
$16.2K $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 Rate 5%
$324,620
Cap Rate 7%
$231,871
Cap Rate 9%
$180,344
Alternative Uses
Best Use
Multifamily LT 5
$231.9K
$202.9K – $270.5K
NOI $16,231 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$214.5K
$187.7K – $250.3K
NOI $15,018 @ 7.0% cap · market cap 5.78%
Theoretical Best
Specialty Retail
$608.1K
$532.1K – $709.4K
NOI $42,565 @ 7.0% cap · market cap 16.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
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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
$262,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Oklahoma City, OK
Properties on Market for Duplexes in Oklahoma City
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Located in Oklahoma City’s Asian District, the property has one occupied unit and one vacant unit.
Where is this duplex located?
The property is located at 1121 NW 27th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,778 square feet; Each unit has two bedrooms; Built in 1926
