Leased Duplex with
For Sale
$195,000
1209 N Villa Avenue, Oklahoma City, OK 73107
Two occupied units provide an existing residential income setup, with in-unit laundry equipment included in one residence.
Property Size1,716 SF
Days on Market137
Property Features for 1209 N Villa Avenue
General Information
Standard status
Active
Size
1,716 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$15,060
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,635
Amenities
stackable washer/dryer
Building Details
Building Size
1,716 SF
Year Built
1930
Stories
1
Units
2
Listing Agency:
TAC Real Estate Services
(405) 990-2550
Listed By:
Teddi Clanton
(405) 990-2550
Source:
Capitalrealestateok
Added: Mar 23
Changed: Aug 6
Last Checked: Aug 6 at 12:44PM
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 TAC Real Estate Services
Investment Insights
Based on property information with market context.
This duplex at 1209 N Villa Avenue in Oklahoma City dates to 1930 and contains two residential units. Both units are currently leased, providing an established occupancy profile. One residence includes a stackable washer and dryer, adding dedicated laundry equipment for that unit.
The property is positioned in central Oklahoma City and retains the character of its original construction. Its duplex configuration and existing leases offer a straightforward residential income property format for an owner or investor seeking a two-unit asset.
The property is positioned in central Oklahoma City and retains the character of its original construction. Its duplex configuration and existing leases offer a straightforward residential income property format for an owner or investor seeking a two-unit asset.
Key Highlights
- Two‑unit duplex built in 1930
- Both units are currently leased
- Stackable washer and dryer included in one unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,665
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$313,300
$313.3K
Cap Rate 7%
$223,786
$223.8K
Cap Rate 9%
$174,056
$174.1K
Market Conditions
NOI Build-Up for 1,716 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.7K $13.80/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$22.4K $13.04/SF
− OpEx
−$6.7K −$3.91/SF
NOI
$15.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$313,300
Cap Rate 7%
$223,786
Cap Rate 9%
$174,056
Alternative Uses
Best Use
Multifamily LT 5
$223.8K
$195.8K – $261.1K
NOI $15,665 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$207.1K
$181.2K – $241.6K
NOI $14,495 @ 7.0% cap · market cap 7.43%
Theoretical Best
Specialty Retail
$586.9K
$513.5K – $684.7K
NOI $41,081 @ 7.0% cap · market cap 21.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
Explore this area
Business Placement
Demographics for 73107, OK
26,318
Population
12,621
Households
2.1
Avg Household Size
34
Median Age
31%
College-Educated
80%
High-School Grad
7.6 sq mi
ZIP Area
3,463
Density / Sq Mi
$58,428
Median Household Income
$38,753
Median Earnings
$1,014
Median Rent
$143,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units provide an existing residential income setup, with in-unit laundry equipment included in one residence.
Where is this duplex located?
The property is located at 1209 N Villa Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1930; Both units are currently leased; Stackable washer and dryer included in one unit
