Newly Built Duplex with
1212 NW 3rd Street, Oklahoma City, OK 73106
For Sale
$599,000
Both residences include private fenced yards, covered patios, and attached garages.
Property Size3,008 SF
Price / SF$199.14
Days on Market97
Property Features for 1212 NW 3rd Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Bailee & Co. Real Estate
(405) 982-0909
Listed By:
Kiera Underwood
(479) 883-2594
Source:
Jsherryrealestate
Added: Aug 8
Changed: Nov 12
Last Checked: Nov 12 at 1:40AM
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 Bailee & Co. Real Estate
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Investment Insights
Based on property information with market context.
Completed in 2026, this 3,008-square-foot duplex contains two residences, each with three bedrooms, two-and-a-half bathrooms, and an attached one-car garage. Both homes feature open living areas, quartz-counter kitchens with islands and stainless steel appliances, upstairs bedrooms, dedicated laundry rooms with hookups, and covered patios opening to fenced private yards.
The property is in Oklahoma City, minutes from downtown, Midtown, the Plaza District, and major highways. Its two-unit configuration allows for separate occupancy or leasing of both residences.
The property is in Oklahoma City, minutes from downtown, Midtown, the Plaza District, and major highways. Its two-unit configuration allows for separate occupancy or leasing of both residences.
Key Highlights
- Two‑unit duplex completed in 2026
- 3,008 square feet
- Each residence has 3 bedrooms, 2.5 bathrooms, and an attached 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,459
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,180
$549.2K
Cap Rate 7%
$392,271
$392.3K
Cap Rate 9%
$305,100
$305.1K
Market Conditions
NOI Build-Up for 3,008 SF
Gross rent
$41.5K $13.80/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$39.2K $13.04/SF
− OpEx
−$11.8K −$3.91/SF
NOI
$27.5K $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%
$549,180
Cap Rate 7%
$392,271
Cap Rate 9%
$305,100
Alternative Uses
Best Use
Multifamily LT 5
$392.3K
$343.2K – $457.7K
NOI $27,459 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$363.0K
$317.6K – $423.5K
NOI $25,408 @ 7.0% cap · market cap 4.24%
Theoretical Best
Specialty Retail
$1.03M
$900.2K – $1.20M
NOI $72,012 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,960
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
$262,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 private fenced yards, covered patios, and attached garages.
Where is this duplex located?
The property is located at 1212 NW 3rd Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2026; 3,008 square feet; Each residence has 3 bedrooms, 2.5 bathrooms, and an attached 1‑car garage
