Modern Duplex With Tandem
For Sale
$1,150,000
911 NW 13 Street A&b, Oklahoma City, OK 73106
Two matching residences offer open-concept interiors, private bedroom suites, and flexible owner-occupant or rental use.
Property Size4,418 SF
Price / SF$260.30
Days on Market31
Property Features for 911 NW 13 Street A&b
General Information
Standard status
Active
Size
4,418 SF
Property subtype
Multi-Family
Building Details
Year Built
2020
Listing Agency:
Metro First Realty
(405) 410-2281
Listed By:
Santana Dennis · License #157100
Source:
Vibrantok
Added: Aug 2
Changed: Aug 28
Last Checked: Aug 31 at 7:28PM
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 Metro First Realty
Investment Insights
Based on property information with market context.
Completed in 2020, this 4418-square-foot duplex contains two matching residences with open-concept kitchen and living areas. Each unit includes two bedrooms with private en suite bathrooms, along with a half bath serving the main living space. Contemporary finishes, a two-car tandem garage, an oversized backyard, and a dedicated dog wash station add practical functionality.
The property is located at 911 NW 13 Street A&B in Oklahoma City’s Sosa/Midtown District, with downtown views and proximity to medical centers, dining, and nightlife. There are no HOA dues or restrictive covenants. The configuration supports occupying one residence while leasing the other, or operating both units as long-term or short-term rentals.
The property is located at 911 NW 13 Street A&B in Oklahoma City’s Sosa/Midtown District, with downtown views and proximity to medical centers, dining, and nightlife. There are no HOA dues or restrictive covenants. The configuration supports occupying one residence while leasing the other, or operating both units as long-term or short-term rentals.
Key Highlights
- 4418‑square‑foot duplex completed in 2020
- Two matching units, each with 2 bedrooms and private en suites
- Each residence includes a half bath off the main living area
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
$40,331
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
3.51%
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%
$806,620
$806.6K
Cap Rate 7%
$576,157
$576.2K
Cap Rate 9%
$448,122
$448.1K
Market Conditions
NOI Build-Up for 4,418 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
$61.0K $13.80/SF
− Vacancy
−$3.4K −$0.76/SF
EGI
$57.6K $13.04/SF
− OpEx
−$17.3K −$3.91/SF
NOI
$40.3K $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 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%
$806,620
Cap Rate 7%
$576,157
Cap Rate 9%
$448,122
Alternative Uses
Best Use
Multifamily LT 5
$576.2K
$504.1K – $672.2K
NOI $40,331 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$533.1K
$466.5K – $622.0K
NOI $37,317 @ 7.0% cap · market cap 3.24%
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,767 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,278
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
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 open-concept interiors, private bedroom suites, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 911 NW 13 Street A&b Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4418‑square‑foot duplex completed in 2020; Two matching units, each with 2 bedrooms and private en suites; Each residence includes a half bath off the main living area
