New Construction Eight-Unit Duplex
For Sale
$1,930,000
11501 N Oklahoma Avenue, Oklahoma City, OK 73114
Fully occupied residences include private garages, enclosed backyards, and in-unit laundry.
Property Size10,000 SF
Days on Market186
Property Features for 11501 N Oklahoma Avenue
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
8
Property subtype
More Than 4 Units
Occupancy
100%
Additional Details
Average Monthly Rent
$1,695
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$22,400
Amenities
vinyl flooring
stainless steel appliances
washer/dryer in unit
mudroom with custom built-ins
ceiling fans
central heat and air
enclosed backyard
security system
cable-ready
on-call management and maintenance
Building Details
Building Size
10,000 SF
Year Built
2026
Buildings
4
Listing Agency:
Keller Williams Realty Elite
Listed By:
Blake R Shelton · License #183874
(405) 819-0037
Source:
Stetsonbentley
Added: Apr 15
Changed: Oct 16
Last Checked: Oct 16 at 6:12PM
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 Keller Williams Realty Elite
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Investment Insights
Based on property information with market context.
This new-construction duplex portfolio comprises four duplexes with eight residential units, completed in 2026. All units are currently leased and feature functional floor plans, vinyl flooring, stainless steel appliances, refrigerators, oven/ranges, and in-unit washers and dryers. Each residence also includes a mudroom with built-in storage, ceiling fans, central heat and air, a private garage, an enclosed backyard, a security system, and cable-ready wiring.
The property is located at 11501 N Oklahoma Ave in Oklahoma City. HERS ratings, Class 4 impact-rated shingles, and a one-year builder warranty are included. On-call management and maintenance support is also in place for ongoing operations.
The property is located at 11501 N Oklahoma Ave in Oklahoma City. HERS ratings, Class 4 impact-rated shingles, and a one-year builder warranty are included. On-call management and maintenance support is also in place for ongoing operations.
Key Highlights
- Four duplexes with eight total residential units
- All 8 units currently leased
- Completed in 2026 with HERS‑rated units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,287
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,825,740
$1.8M
Cap Rate 7%
$1,304,100
$1.3M
Cap Rate 9%
$1,014,300
$1.0M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$138.0K $13.80/SF
− Vacancy
−$7.6K −$0.76/SF
EGI
$130.4K $13.04/SF
− OpEx
−$39.1K −$3.91/SF
NOI
$91.3K $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%
$1,825,740
Cap Rate 7%
$1,304,100
Cap Rate 9%
$1,014,300
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.14M – $1.52M
NOI $91,287 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,467 @ 7.0% cap · market cap 4.38%
Theoretical Best
Specialty Retail
$3.42M
$2.99M – $3.99M
NOI $239,400 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied residences include private garages, enclosed backyards, and in-unit laundry.
Where is this duplex located?
The property is located at 11501 N Oklahoma Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,930,000.
What are key features of this property?
This property features: Four duplexes with eight total residential units; All 8 units currently leased; Completed in 2026 with HERS‑rated units
