Building Details

Year Built 1925

Listing Agency: LRE Realty, LLC

Listed By: Tara Levinson · License #145328 Show Phone

Source: Alloverok

Added: Jul 29 Changed: Oct 5 Last Checked: Oct 7 at 4:15PM

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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 LRE Realty, LLC

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Investment Insights

Based on property information with market context.

This 1,846-square-foot triplex includes a 1,126-square-foot main residence with 2 bedrooms and 1 bathroom, plus a two-story ADU containing two additional 1-bedroom, 1-bathroom units. Each ADU unit measures approximately 360 square feet and has its own entrance and dedicated parking. The property was remodeled to the studs, with updated systems including HVAC, plumbing, and a roof replacement. Interior improvements include a remodeled main kitchen with floor-to-ceiling cabinetry, granite countertops, subway tile backsplash, and stainless steel appliances. The ADU bathrooms feature marble-tiled shower surrounds. Built in 1925, the property offers three distinct living spaces for residential income use or multi-generational occupancy.

Key Highlights

• 1,846 square feet across three living spaces
• 1,126‑square‑foot main house with 2 bedrooms and 1 bathroom
• Two‑story ADU with two 1‑bedroom, 1‑bathroom units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,852

Cap Rate

4.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$337,040 $337.0K

Cap Rate 7%

$240,743 $240.7K

Cap Rate 9%

$187,244 $187.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,846 SF

Gross rent

$25.5K $13.80/SF

− Vacancy

−$1.4K −$0.76/SF

EGI

$24.1K $13.04/SF

− OpEx

−$7.2K −$3.91/SF

NOI

$16.9K $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%

$337,040

Cap Rate 7%

$240,743

Cap Rate 9%

$187,244

Alternative Uses

Best Use

Multifamily LT 5

$240.7K

$210.7K – $280.9K (±1% cap)

NOI $16,852 @ 7.0% cap · market cap 4.81%

Second Best

Apartment 5plus

$222.8K

$194.9K – $259.9K (±1% cap)

NOI $15,593 @ 7.0% cap · market cap 4.46%

Theoretical Best

Specialty Retail

$631.3K

$552.4K – $736.6K (±1% cap)

NOI $44,193 @ 7.0% cap · market cap 12.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Locksmith Travel Agency Veterinary Clinic Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

1,471

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three separate living spaces combine updated interiors with private entrances and dedicated parking.

Where is this triplex located?

The property is located at 1137 N Brauer Ave Oklahoma City, OK.

What is the asking price?

The asking price for this property is $349,999.

What are key features of this property?

This property features: 1,846 square feet across three living spaces; 1,126‑square‑foot main house with 2 bedrooms and 1 bathroom; Two‑story ADU with two 1‑bedroom, 1‑bathroom units