Remodeled
For Sale
$315,000
1609 NW 12th Street, Oklahoma City, OK 73106
Two-unit property with updated kitchens, bathrooms, high ceilings, modern finishes, and abundant natural light.
Property Size2,152 SF
Days on Market134
Property Features for 1609 NW 12th Street
General Information
Standard status
Active
Size
2,152 SF
Property subtype
Duplex
Occupancy
50%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,346
Building Details
Building Size
2,152 SF
Year Built
1935
Listing Agency:
Copper Creek Real Estate
Listed By:
Rachael Silverstein · License #206357
(405) 756-6137
Source:
Stetsonbentley
Added: May 27
Changed: Sep 29
Last Checked: Oct 7 at 6:15PM
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 Copper Creek Real Estate
Investment Insights
Based on property information with market context.
Built in 1935, this 2,152-square-foot duplex has been remodeled with updated kitchens and bathrooms, modern finishes, high ceilings, spacious interiors, and abundant natural light. One side is currently occupied, providing an existing residential income component within the two-unit property.
The property is located at 1609 NW 12th St in Oklahoma City, directly across from McKinley Park and three blocks from the Plaza District. Its setting places the duplex near shopping, dining, entertainment, and downtown Oklahoma City.
The property is located at 1609 NW 12th St in Oklahoma City, directly across from McKinley Park and three blocks from the Plaza District. Its setting places the duplex near shopping, dining, entertainment, and downtown Oklahoma City.
Key Highlights
- 2,152‑square‑foot duplex built in 1935
- Remodeled interiors with updated kitchens, bathrooms, and modern finishes
- High ceilings, spacious layouts, and abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,645
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,900
$392.9K
Cap Rate 7%
$280,643
$280.6K
Cap Rate 9%
$218,278
$218.3K
Market Conditions
NOI Build-Up for 2,152 SF
Gross rent
$29.7K $13.80/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$28.1K $13.04/SF
− OpEx
−$8.4K −$3.91/SF
NOI
$19.6K $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%
$392,900
Cap Rate 7%
$280,643
Cap Rate 9%
$218,278
Alternative Uses
Best Use
Multifamily LT 5
$280.6K
$245.6K – $327.4K
NOI $19,645 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$259.7K
$227.2K – $303.0K
NOI $18,177 @ 7.0% cap · market cap 5.77%
Theoretical Best
Specialty Retail
$736.0K
$644.0K – $858.7K
NOI $51,519 @ 7.0% cap · market cap 16.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,374
Businesses Nearby
Explore this area
Business Placement
Demographics for 73106, OK
12,956
Population
6,069
Households
2.1
Avg Household Size
32
Median Age
40%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
4,319
Density / Sq Mi
$51,934
Median Household Income
$32,145
Median Earnings
$1,050
Median Rent
$262,500
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with updated kitchens, bathrooms, high ceilings, modern finishes, and abundant natural light.
Where is this duplex located?
The property is located at 1609 NW 12th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 2,152‑square‑foot duplex built in 1935; Remodeled interiors with updated kitchens, bathrooms, and modern finishes; High ceilings, spacious layouts, and abundant natural light
