Two-Unit Duplex with Updated
For Sale
$259,900
1424 NW 33rd Street, Oklahoma City, OK 73118
Residential Income, Oklahoma City, OK
Property Size1,595 SF
Lot Size0.18 Acres
Price / SF$162.95
Days on Market185
Property Features for 1424 NW 33rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1
Lot features
Interior Lot
Elementary school
Eugene Field 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
From Classen blvd and NW 33rd, go West on NW 33rd. The 2 story duplex is on your left.
Standard status
Active
APN
1424NW33rd73118
Size
1,595 SF
Lot size
0.18 Acres
Utilities
Heating system
Electric (Heating)
Cooling system
Electric
Building Details
Year built
1905
Floors in Building
2
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Spearhead Realty Group LLC
(405) 493-8144
Listed By:
Thao Nguyen-Pham
(405) 514-0930
Added: Apr 21
Changed: Oct 18
Last Checked: Oct 22 at 4:06PM
MLS# 1225271
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.
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Investment Insights
Based on property information with market context.
This 1,595-square-foot duplex contains two separate residences within a two-story structure built in 1905. The lower unit has two bedrooms and one full bathroom, while the upper unit includes one bedroom and one bathroom. Interior features include an updated kitchen with granite countertops and substantial storage. Separate electric meters serve each unit, and the property is being sold As-Is.
The 0.1837-acre property is located in Oklahoma City’s Military Park addition, near Oklahoma City University and area shopping, dining, and local businesses. The building uses brick and frame construction, with electric heating and cooling and a composition roof. R-2 zoning supports its residential duplex configuration.
The 0.1837-acre property is located in Oklahoma City’s Military Park addition, near Oklahoma City University and area shopping, dining, and local businesses. The building uses brick and frame construction, with electric heating and cooling and a composition roof. R-2 zoning supports its residential duplex configuration.
Key Highlights
- Two‑unit duplex with 1,595 square feet of building area
- Lower residence has 2 bedrooms and 1 full bathroom; upper residence has 1 bedroom and 1 bathroom
- Updated kitchen with granite countertops and generous storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,560
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,200
$291.2K
Cap Rate 7%
$208,000
$208.0K
Cap Rate 9%
$161,778
$161.8K
Market Conditions
NOI Build-Up for 1,595 SF
Gross rent
$22.0K $13.80/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$20.8K $13.04/SF
− OpEx
−$6.2K −$3.91/SF
NOI
$14.6K $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 Rate 5%
$291,200
Cap Rate 7%
$208,000
Cap Rate 9%
$161,778
Alternative Uses
Best Use
Multifamily LT 5
$208.0K
$182.0K – $242.7K
NOI $14,560 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$192.5K
$168.4K – $224.5K
NOI $13,472 @ 7.0% cap · market cap 5.18%
Theoretical Best
Specialty Retail
$545.5K
$477.3K – $636.4K
NOI $38,184 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Explore this area
Business Placement
Demographics for 73118, OK
13,521
Population
7,856
Households
1.7
Avg Household Size
37
Median Age
49%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
2,817
Density / Sq Mi
$69,321
Median Household Income
$45,494
Median Earnings
$1,064
Median Rent
$252,500
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
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer a flexible layout with individual electric meters and an R-2 residential zoning designation.
Where is this duplex located?
The property is located at 1424 NW 33rd Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,595 square feet of building area; Lower residence has 2 bedrooms and 1 full bathroom; upper residence has 1 bedroom and 1 bathroom; Updated kitchen with granite countertops and generous storage
