Updated
New
For Sale
$265,000
1138 NW 42nd Street, Oklahoma City, OK 73118
Residential Income, Oklahoma City, OK
Property Size1,376 SF
Lot Size0.16 Acres
Price / SF$192.59
Days on Market7
Property Features for 1138 NW 42nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
Lot features
Interior Lot
Elementary school
Wilson ES
Middle school
Moon MS
High school
Douglass HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Standard status
Active
APN
1138NW42nd73118
Size
1,376 SF
Lot size
0.16 Acres
Building Details
Year built
1920
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Craftsman
Listing Agency:
Sage Sotheby's Realty
(405) 748-0405
Listed By:
Stacia Ranallo · License #182003
(918) 671-6450
Added: Oct 7
Changed: Oct 8
Last Checked: Oct 13 at 5:06PM
MLS# 1252656
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 1,376-square-foot duplex contains two one-bedroom, one-bath units in a brick-and-frame Craftsman built in 1920. One residence has been fully updated and the other partially updated. Improvements include a composition roof installed in 2021, foundation work, new appliances, and fresh paint in select areas. One side has 2021 HVAC equipment.
The property occupies 0.1607 acres in Oklahoma City. One unit is leased, and the second is scheduled to be leased beginning October 15. The parcel may also be purchased for potential new construction.
The property occupies 0.1607 acres in Oklahoma City. One unit is leased, and the second is scheduled to be leased beginning October 15. The parcel may also be purchased for potential new construction.
Key Highlights
- Two units, each with 1 bedroom and 1 bath
- 1,376 square feet on a 0.1607‑acre lot
- Brick‑and‑frame Craftsman built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,561
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,220
$251.2K
Cap Rate 7%
$179,443
$179.4K
Cap Rate 9%
$139,567
$139.6K
Market Conditions
NOI Build-Up for 1,376 SF
Gross rent
$19.0K $13.80/SF
− Vacancy
−$1.0K −$0.76/SF
EGI
$17.9K $13.04/SF
− OpEx
−$5.4K −$3.91/SF
NOI
$12.6K $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%
$251,220
Cap Rate 7%
$179,443
Cap Rate 9%
$139,567
Alternative Uses
Best Use
Multifamily LT 5
$179.4K
$157.0K – $209.4K
NOI $12,561 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$166.0K
$145.3K – $193.7K
NOI $11,623 @ 7.0% cap · market cap 4.39%
Theoretical Best
Specialty Retail
$470.6K
$411.8K – $549.0K
NOI $32,941 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Explore this area
Business Placement
Demographics for 73118, OK
13,521
Population
7,856
Households
1.7
Avg Household Size
37
Median Age
49%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
2,817
Density / Sq Mi
$69,321
Median Household Income
$45,494
Median Earnings
$1,064
Median Rent
$252,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences combine existing occupancy with recent interior and building upgrades.
Where is this duplex located?
The property is located at 1138 NW 42nd Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two units, each with 1 bedroom and 1 bath; 1,376 square feet on a 0.1607‑acre lot; Brick‑and‑frame Craftsman built in 1920
