Duplex with One Occupied
For Sale
$145,000
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$101.05
Days on Market49
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
Changed: Oct 25
Last Checked: Oct 7 at 5:12PM
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
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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 / Yr
$13,100
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
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
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 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 9.03%
Second Best
Apartment 5plus
$173.2K
$151.5K – $202.0K
NOI $12,121 @ 7.0% cap · market cap 8.36%
Theoretical Best
Specialty Retail
$490.8K
$429.4K – $572.6K
NOI $34,354 @ 7.0% cap · market cap 23.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
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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
$116,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Oklahoma City, OK
Properties on Market for Duplexes in Oklahoma City
Vacancy Rate% for Multifamily in South region
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 $145,000.
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
