Duplex with Covered
For Sale
$317,500
1300 NE 10th St, Oklahoma City, OK 73117
Two matching residences offer patios, laundry hookups, and separate covered parking.
Property Size1,924 SF
Price / SF$165.02
Days on Market31
Property Features for 1300 NE 10th St
General Information
Standard status
Active
Size
1,924 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Asking Price
$317,500
Highway Access
Yes
Amenities
full-size laundry hookups
private patios
dedicated covered parking
Building Details
Year Built
2014
Buildings
1
Listing Agency:
Modern Abode Realty
(205) 393-0723
Listed By:
Lara White · License #185127
Source:
Sarahflemingestates
Added: Jul 30
Changed: Aug 28
Last Checked: Aug 29 at 12:25PM
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 Modern Abode Realty
Investment Insights
Based on property information with market context.
Built in 2014, this 1,924-square-foot duplex at 1300 NE 10th St in Oklahoma City contains two matching residences. Each side is arranged with 2 bedrooms and 2 bathrooms, along with full-size laundry hookups and a private patio. The property also includes dedicated covered parking and a gabled roof. One unit is leased, while the second provides additional occupancy flexibility.
The duplex is within walking distance of OU Medical, Children's Hospital, OU Dentistry, and the VA Hospital. Bricktown and OKANA Resort are nearby, and the property offers access to I-40. Its two-unit configuration and separately arranged living spaces support a range of ownership and occupancy strategies.
The duplex is within walking distance of OU Medical, Children's Hospital, OU Dentistry, and the VA Hospital. Bricktown and OKANA Resort are nearby, and the property offers access to I-40. Its two-unit configuration and separately arranged living spaces support a range of ownership and occupancy strategies.
Key Highlights
- 1,924 SF duplex built in 2014
- Two units with matching 2‑bedroom, 2‑bath layouts
- One unit is leased
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
$17,564
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
5.53%
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%
$351,280
$351.3K
Cap Rate 7%
$250,914
$250.9K
Cap Rate 9%
$195,156
$195.2K
Market Conditions
NOI Build-Up for 1,924 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
$26.6K $13.80/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$25.1K $13.04/SF
− OpEx
−$7.5K −$3.91/SF
NOI
$17.6K $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 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%
$351,280
Cap Rate 7%
$250,914
Cap Rate 9%
$195,156
Alternative Uses
Best Use
Multifamily LT 5
$250.9K
$219.6K – $292.7K
NOI $17,564 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$232.2K
$203.1K – $270.9K
NOI $16,251 @ 7.0% cap · market cap 5.12%
Theoretical Best
Specialty Retail
$658.0K
$575.8K – $767.7K
NOI $46,061 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,074
Businesses Nearby
Explore this area
Business Placement
Demographics for 73117, OK
5,859
Population
3,402
Households
1.7
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
6.4 sq mi
ZIP Area
915
Density / Sq Mi
$21,923
Median Household Income
$23,255
Median Earnings
$951
Median Rent
$116,300
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 matching residences offer patios, laundry hookups, and separate covered parking.
Where is this duplex located?
The property is located at 1300 NE 10th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $317,500.
What are key features of this property?
This property features: 1,924 SF duplex built in 2014; Two units with matching 2‑bedroom, 2‑bath layouts; One unit is leased
