Triplex with Covered
1701 NW 39TH Street Oklahoma City, OK 73118
1701 NW 39TH Street, Oklahoma City, OK, 73118
$205,000
For Sale
$205,000
MULTI_FAMILY - Other - Oklahoma City, OK
Property Size2,017 SF
Lot Size0.12 Acres
Price / SF$101.64
Days on Market138
Property Features for 1701 NW 39TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 3
- Parking
- 2
- Standard status
- Active
- APN
- 1701NW39TH73118
- Size
- 2,017 SF
- Lot size
- 0.12 Acres
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air, Gas (Cooling)
Building Details
- Year built
- 1933
- Floors in Building
- 1
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing agency
LRE Realty LLC
(405) 285-5750
Listed by
Jennifer A Whitten
(405) 414-2864
Added: Mar 6 Updated: Jul 21 at 11:07PM Checked: Jul 22 at 3:06AM
MLS# 1217220
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.
This triplex includes one 3-bedroom unit and two attached studio apartments. The main unit features wood floors, a dining area, a galley-style kitchen, and a full bath. Both studio apartments include kitchen areas and a full bath, with window units provided for cooling.
Additional conveniences include central heat and air for the main unit and covered parking for residents. The property is located in the Putnam Heights area of Oklahoma City.
With three separate living units, the layout provides a mix of bedrooms and studio configurations within one attached multifamily building.
Additional conveniences include central heat and air for the main unit and covered parking for residents. The property is located in the Putnam Heights area of Oklahoma City.
With three separate living units, the layout provides a mix of bedrooms and studio configurations within one attached multifamily building.
Key Highlights
- Triplex in the Putnam Heights area, built in 1933
- Brick construction with a composition roof
- Main unit features 3 bedrooms, wood floors, dining area, and a galley‑style kitchen plus a full 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 | $27.8k | $13.80 |
| − Vacancy | −$1.5k | −$0.76 |
| EGI | $26.3k | $13.04 |
| − OpEx | −$7.9k | −$3.91 |
| NOI | $18.4k | $9.13 |
2,017 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$263.0K
$230.2K – $306.9K
NOI $18,413 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$243.4K
$213.0K – $284.0K
NOI $17,037 @ 7.0% cap · market cap 8.31%
Theoretical Best
Specialty Retail
$689.8K
$603.6K – $804.8K
NOI $48,287 @ 7.0% cap · market cap 23.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Triplex offering one 3-bedroom unit and two attached studio apartments with covered parking.
Where is this triplex located?
The property is located at 1701 NW 39TH Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Triplex in the Putnam Heights area, built in 1933; Brick construction with a composition roof; Main unit features 3 bedrooms, wood floors, dining area, and a galley‑style kitchen plus a full bath
