Two-Unit Duplex with Separate
For Sale
$636,000
1533 Glenbrook Dr, Oklahoma City, OK 73118
All-electric upper and lower residences include one vacant unit and one occupied unit.
Property Size5,258 SF
Price / SF$120.96
Days on Market40
Property Features for 1533 Glenbrook Dr
General Information
Standard status
Active
Size
5,258 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1971
Stories
2
Listing Agency:
First Source Real Estate Inc.
(405) 420-5413
Listed By:
Carpenter W Parham
Source:
Alloverok
Added: Jul 24
Changed: Aug 28
Last Checked: Aug 30 at 8:56PM
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 First Source Real Estate Inc.
Investment Insights
Based on property information with market context.
This two-unit duplex is being offered as a single property, with matching residences arranged on upper and lower levels. Each unit provides more than 2,500 square feet of living space, while the property totals 5,258 square feet. The building is entirely electric and was constructed in 1971.
The upper residence is vacant, and the lower residence is occupied. The property is located at 1533 Glenbrook Dr in Oklahoma City, with access to Nichols Hills and Glenbrook as well as Downtown OKC, Bricktown, the Plaza District, Classen Curve, Lake Hefner, and other listed destinations within approximately 5–15 minutes.
The upper residence is vacant, and the lower residence is occupied. The property is located at 1533 Glenbrook Dr in Oklahoma City, with access to Nichols Hills and Glenbrook as well as Downtown OKC, Bricktown, the Plaza District, Classen Curve, Lake Hefner, and other listed destinations within approximately 5–15 minutes.
Key Highlights
- Two matching duplex units arranged on upper and lower levels
- Each residence offers more than 2,500 square feet of living space
- 5,258‑square‑foot property built in 1971
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
$47,999
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
7.55%
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%
$959,980
$960.0K
Cap Rate 7%
$685,700
$685.7K
Cap Rate 9%
$533,322
$533.3K
Market Conditions
NOI Build-Up for 5,258 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
$72.6K $13.80/SF
− Vacancy
−$4.0K −$0.76/SF
EGI
$68.6K $13.04/SF
− OpEx
−$20.6K −$3.91/SF
NOI
$48.0K $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%
$959,980
Cap Rate 7%
$685,700
Cap Rate 9%
$533,322
Alternative Uses
Best Use
Multifamily LT 5
$685.7K
$600.0K – $800.0K
NOI $47,999 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$634.5K
$555.2K – $740.2K
NOI $44,413 @ 7.0% cap · market cap 6.98%
Theoretical Best
Specialty Retail
$1.80M
$1.57M – $2.10M
NOI $125,877 @ 7.0% cap · market cap 19.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
639
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - All-electric upper and lower residences include one vacant unit and one occupied unit.
Where is this duplex located?
The property is located at 1533 Glenbrook Dr Oklahoma City, OK.
What is the asking price?
The asking price for this property is $636,000.
What are key features of this property?
This property features: Two matching duplex units arranged on upper and lower levels; Each residence offers more than 2,500 square feet of living space; 5,258‑square‑foot property built in 1971
