Duplex with One Occupied
New
For Sale
$160,000
1522 NE 14th St, Oklahoma City, OK 73117
One unit is occupied under a Section 8 tenancy, while the second unit requires completion.
Property Size1,435 SF
Price / SF$111.50
Days on Market3
Property Features for 1522 NE 14th St
General Information
Standard status
Active
Size
1,435 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
finish the left side
Building Details
Year Built
1932
Listing Agency:
Modern Abode Realty
Listed By:
Jeremy Dugas · License #178327
(405) 474-4732
Source:
Kathleenforrest
Added: Sep 19
Last Checked: Sep 20 at 11:58AM
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.
This 1,435-square-foot duplex was built in 1932 and includes one occupied unit with a Section 8 tenancy. The other side requires finishing, creating a property with an existing occupant and an unfinished unit within the same duplex structure.
Located at 1522 NE 14th St in Oklahoma City, the property is described as being minutes from the medical district and Bricktown. The two-unit configuration and existing occupancy provide the primary operating details for the asset.
Located at 1522 NE 14th St in Oklahoma City, the property is described as being minutes from the medical district and Bricktown. The two-unit configuration and existing occupancy provide the primary operating details for the asset.
Key Highlights
- 1,435‑square‑foot duplex
- Built in 1932
- One unit is occupied under a Section 8 tenancy
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
$13,100
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
8.19%
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%
$262,000
$262.0K
Cap Rate 7%
$187,143
$187.1K
Cap Rate 9%
$145,556
$145.6K
Market Conditions
NOI Build-Up for 1,435 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
$19.8K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$18.7K $13.04/SF
− OpEx
−$5.6K −$3.91/SF
NOI
$13.1K $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%
$262,000
Cap Rate 7%
$187,143
Cap Rate 9%
$145,556
Alternative Uses
Best Use
Multifamily LT 5
$187.1K
$163.8K – $218.3K
NOI $13,100 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$173.2K
$151.5K – $202.0K
NOI $12,121 @ 7.0% cap · market cap 7.58%
Theoretical Best
Specialty Retail
$490.8K
$429.4K – $572.6K
NOI $34,354 @ 7.0% cap · market cap 21.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
926
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - One unit is occupied under a Section 8 tenancy, while the second unit requires completion.
Where is this duplex located?
The property is located at 1522 NE 14th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 1,435‑square‑foot duplex; Built in 1932; One unit is occupied under a Section 8 tenancy
