1615 NW 1st Street Oklahoma City, OK 73106
MULTI_FAMILY - Craftsman - Oklahoma City, OK
- Added:
- Mar 26, 2026
- Days on Market:
- 110
- Last Refresh:
- Jul 13 at 11:06 am
Property Features for 1615 NW 1st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3
- Parking
- 4
- Appliances
- Dishwasher, Dryer, Refrigerator, Washer
- Standard status
- Active
- APN
- 1615NW1stA&B73106
- Size
- 1,926 SF
- Lot size
- 0.16 Acres
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1906
- Floors in Building
- 2
- Building materials
- Frame
- Roof type
- Shingle
- Architectural style
- Craftsman
Listing agent April Cossey (405) 318-0494
Listing office 405 Home Store 8602 Willowcreek Road, Edmond, OK (405) 627-5236
Listing date Mar 26, 2026
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.
Investment Insights
Based on property information with market context.
The site is a small-lot setup near Downtown OKC and the Historic Farmers Market District, with access to major highways for convenient commuting and day-to-day travel.
The configuration can suit buyers and investors looking for flexibility, with the ability to occupy one unit and rent the other. In addition, the property includes SPUD approval for an additional single-family home on the premises, giving the owner a documented path to expand beyond the existing duplex.
Key Highlights
- Fully updated duplex with two separate units, each with private entrances
- Lower unit: 2 bedrooms, 2 baths
- Upper unit: 2 bedrooms, 1 bath
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.6k | $13.80 |
| − Vacancy | −$1.5k | −$0.76 |
| EGI | $25.1k | $13.04 |
| − OpEx | −$7.5k | −$3.91 |
| NOI | $17.6k | $9.13 |
