Duplex with Remodeled
New
For Sale
$284,000
7719 NW 113th Pl, Oklahoma City, OK 73162
Both residences offer two bedrooms, two bathrooms, forced-air heating and cooling, and off-street parking.
Property Size2,068 SF
Price / SF$137.33
Days on Market5
Property Features for 7719 NW 113th Pl
General Information
Standard status
Active
Size
2,068 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1984
Listing Agency:
Lionshead Property Management
Listed By:
Alan Larsen · License #206378
Source:
Alloverok
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 9:40PM
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 Lionshead Property Management
Investment Insights
Based on property information with market context.
This 2,068-square-foot duplex, built in 1984, contains two separate residences, each arranged with two bedrooms and two bathrooms. Both units have forced-air heating and cooling, and off-street parking serves the property. One residence has been remodeled; a non-structural bedroom partition creates two areas and can be removed. The other unit is currently rented.
A fence was installed within the last year. Shopping, dining, schools, and major roads are nearby.
A fence was installed within the last year. Shopping, dining, schools, and major roads are nearby.
Key Highlights
- Two‑unit duplex totaling 2,068 square feet
- Each unit has 2 bedrooms and 2 bathrooms
- One unit has been remodeled and includes a removable, non‑structural bedroom wall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,057
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,140
$361.1K
Cap Rate 7%
$257,957
$258.0K
Cap Rate 9%
$200,633
$200.6K
Market Conditions
NOI Build-Up for 2,068 SF
Gross rent
$27.3K $13.20/SF
− Vacancy
−$1.5K −$0.73/SF
EGI
$25.8K $12.47/SF
− OpEx
−$7.7K −$3.74/SF
NOI
$18.1K $8.73/SF
Area
ZIP 73162
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,140
Cap Rate 7%
$257,957
Cap Rate 9%
$200,633
Alternative Uses
Best Use
Multifamily LT 5
$258.0K
$225.7K – $301.0K
NOI $18,057 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$240.3K
$210.3K – $280.4K
NOI $16,821 @ 7.0% cap · market cap 5.92%
Theoretical Best
Specialty Retail
$832.3K
$728.2K – $971.0K
NOI $58,259 @ 7.0% cap · market cap 20.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 73162, OK
28,867
Population
12,454
Households
2.3
Avg Household Size
44
Median Age
47%
College-Educated
95%
High-School Grad
7.1 sq mi
ZIP Area
4,066
Density / Sq Mi
$89,984
Median Household Income
$48,451
Median Earnings
$1,147
Median Rent
$234,800
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 - Both residences offer two bedrooms, two bathrooms, forced-air heating and cooling, and off-street parking.
Where is this duplex located?
The property is located at 7719 NW 113th Pl Oklahoma City, OK.
What is the asking price?
The asking price for this property is $284,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,068 square feet; Each unit has 2 bedrooms and 2 bathrooms; One unit has been remodeled and includes a removable, non‑structural bedroom wall
