Two-Unit Duplex with Updated
11400 N Lincoln Boulevard, Oklahoma City, OK 73114
For Sale
$270,000
Both residences include two bathrooms, stainless steel appliances, granite counters, tile flooring, and washer/dryer hookups.
Property Size1,100 SF
Price / SF$245.45
Days on Market247
Property Features for 11400 N Lincoln Boulevard
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Homeworx, LLC
Listed By:
Tarah Mazerole
(405) 206-1545
Source:
Oakandprairiehomes
Added: Mar 13
Changed: Nov 7
Last Checked: Nov 13 at 1:01PM
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 Homeworx, LLC
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Investment Insights
Based on property information with market context.
Built in 1984, this duplex contains two separately leased residences. The 11400 unit has three bedrooms, two bathrooms, and approximately 1,100 square feet; its lease runs through 3/31/2027. The 11402 unit offers two bedrooms, two bathrooms, and approximately 1,070 square feet, with a lease through 5/1/2026. Interior features include granite countertops, stainless steel appliances, wood-look tile floors, and washer/dryer hookups. The property also has a newer HVAC unit and a new roof.
Key Highlights
- Two residences: 3 bedrooms and 2 bathrooms in unit 11400; 2 bedrooms and 2 bathrooms in unit 11402
- Approximately 1,100 SF in unit 11400 and 1,070 SF in unit 11402
- Unit 11400 lease runs through 3/31/2027; unit 11402 lease runs through 5/1/2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,042
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,840
$200.8K
Cap Rate 7%
$143,457
$143.5K
Cap Rate 9%
$111,578
$111.6K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$15.2K $13.80/SF
− Vacancy
−$835 −$0.76/SF
EGI
$14.3K $13.04/SF
− OpEx
−$4.3K −$3.91/SF
NOI
$10.0K $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 Rate 5%
$200,840
Cap Rate 7%
$143,457
Cap Rate 9%
$111,578
Alternative Uses
Best Use
Multifamily LT 5
$143.5K
$125.5K – $167.4K
NOI $10,042 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$132.7K
$116.1K – $154.9K
NOI $9,291 @ 7.0% cap · market cap 3.44%
Theoretical Best
Specialty Retail
$376.2K
$329.2K – $438.9K
NOI $26,334 @ 7.0% cap · market cap 9.75%
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
144
Businesses Nearby
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Business Placement
Demographics for 73114, OK
18,694
Population
9,311
Households
2
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
9.5 sq mi
ZIP Area
1,968
Density / Sq Mi
$52,592
Median Household Income
$35,931
Median Earnings
$1,135
Median Rent
$134,100
Median Home Value
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Market
Average Price Trend$/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 - Both residences include two bathrooms, stainless steel appliances, granite counters, tile flooring, and washer/dryer hookups.
Where is this duplex located?
The property is located at 11400 N Lincoln Boulevard Oklahoma City, OK.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Two residences: 3 bedrooms and 2 bathrooms in unit 11400; 2 bedrooms and 2 bathrooms in unit 11402; Approximately 1,100 SF in unit 11400 and 1,070 SF in unit 11402; Unit 11400 lease runs through 3/31/2027; unit 11402 lease runs through 5/1/2026
