Two-Unit Duplex with Covered
For Sale
$317,500
1300 NE 10th Street, Oklahoma City, OK 73117
Residential Income, Oklahoma City, OK
Property Size1,924 SF
Lot Size0.17 Acres
Price / SF$165.02
Days on Market148
Property Features for 1300 NE 10th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 1
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Water Heater
Lot features
Corner Lot
Elementary school
Thelma R. Parks ES
Middle school
Moon MS
High school
Douglass HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
Exit Highway 235 onto N 6th St and Walnut Ave, take a left onto NE 6th St. and follow the slight left onto Harrison Ave. In 1.1 miles turn left onto N Lottie Ave., then take a right on NE 10th St.
Standard status
Active
APN
1300NE10th73117
Size
1,924 SF
Lot size
0.17 Acres
Building Details
Year built
2014
Floors in Building
1
Building materials
Brick, Brick & Frame
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
Modern Abode Realty
(405) 657-2525
Listed By:
Lara White · License #185127
(205) 393-0723
Added: Mar 29
Changed: Aug 21
Last Checked: Aug 23 at 1:06PM
MLS# 1216076
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2014, this contemporary duplex contains 1,924 square feet across two matching residences. Each side includes two bedrooms, two bathrooms, full-size laundry hookups, a private patio, and dedicated covered parking. Brick and frame construction, a composition roof, and a selection of standard kitchen appliances are in place. One unit is leased, while the second provides additional occupancy flexibility.
The property is located at 1300 NE 10th Street in Oklahoma City, near OU Medical, Children's Hospital, OU Dentistry, and the VA Hospital. Bricktown and OKANA Resort are also identified in the surrounding area, with access to I-40 noted as a nearby transportation connection.
The property is located at 1300 NE 10th Street in Oklahoma City, near OU Medical, Children's Hospital, OU Dentistry, and the VA Hospital. Bricktown and OKANA Resort are also identified in the surrounding area, with access to I-40 noted as a nearby transportation connection.
Key Highlights
- Two‑unit duplex built in 2014
- 1,924 square feet on a 0.1722‑acre lot
- Both units feature 2 bedrooms and 2 bathrooms
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
3,903
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 - Contemporary duplex offering matching layouts, private patios, laundry hookups, and dedicated covered parking for each residence.
Where is this duplex located?
The property is located at 1300 NE 10th Street 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: Two‑unit duplex built in 2014; 1,924 square feet on a 0.1722‑acre lot; Both units feature 2 bedrooms and 2 bathrooms
