Updated Half-Duplex
For Sale
$389,000
1440 Duffner Dr, Oklahoma City, OK 73118
Two secondary bedrooms share an upstairs bathroom, while the primary suite opens to a covered rear porch.
Property Size2,489 SF
Price / SF$156.29
Days on Market23
Property Features for 1440 Duffner Dr
General Information
Standard status
Active
Size
2,489 SF
Property subtype
Multi-Family
Building Details
Year Built
1971
Listing Agency:
Realty 1 LLC
(405) 340-2480
Listed By:
Homestead & Co
(405) 509-0541
Source:
Homesteadrealtyco
Added: Sep 26
Changed: Oct 16
Last Checked: Oct 16 at 9:05AM
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 Realty 1 LLC
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Investment Insights
Based on property information with market context.
This 2,489-square-foot half-duplex, built in 1971, has a main-level living and dining area with a gas fireplace and wood-look tile flooring. The galley kitchen features quartz counters, stainless steel appliances, a gas range, and a breakfast nook. The primary suite includes two walk-in closets and an updated bathroom with a tiled shower and double vanity. Two additional bedrooms and a full bathroom are located upstairs. A covered porch extends from the primary suite to the rear yard.
Recent property updates include roof shingles installed in 2024, newer windows, refreshed interior paint, and a new privacy fence. The home is in Nichols Hills, with Whole Foods, Classen Curve, dining, and entertainment nearby.
Recent property updates include roof shingles installed in 2024, newer windows, refreshed interior paint, and a new privacy fence. The home is in Nichols Hills, with Whole Foods, Classen Curve, dining, and entertainment nearby.
Key Highlights
- 2,489‑square‑foot half‑duplex built in 1971
- New roof shingles installed in 2024
- Three bedrooms, including a primary suite with two walk‑in closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,024
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,480
$420.5K
Cap Rate 7%
$300,343
$300.3K
Cap Rate 9%
$233,600
$233.6K
Market Conditions
NOI Build-Up for 2,489 SF
Gross rent
$40.3K $16.20/SF
− Vacancy
−$2.1K −$0.84/SF
EGI
$38.2K $15.36/SF
− OpEx
−$17.2K −$6.91/SF
NOI
$21.0K $8.45/SF
Area
Oklahoma City, OK
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,480
Cap Rate 7%
$300,343
Cap Rate 9%
$233,600
Alternative Uses
Best Use
Apartment 5plus
$300.3K
$262.8K – $350.4K
NOI $21,024 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$851.2K
$744.8K – $993.1K
NOI $59,587 @ 7.0% cap · market cap 15.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,412
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Two secondary bedrooms share an upstairs bathroom, while the primary suite opens to a covered rear porch.
Where is this residential income property located?
The property is located at 1440 Duffner Dr Oklahoma City, OK.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 2,489‑square‑foot half‑duplex built in 1971; New roof shingles installed in 2024; Three bedrooms, including a primary suite with two walk‑in closets
