Four-Unit Townhome
New
For Sale
$1,275,000
1705 NW 11th St, Oklahoma City, OK 73106
Each residence includes a private garage, individual metering, and contemporary interior finishes.
Property Size7,411 SF
Days on Market7
Property Features for 1705 NW 11th St
General Information
Standard status
Active
Size
7,411 SF
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
4 x 3BR/2.5BA
Multifamily Units
4
Amenities
private garages
Building Details
Building Size
7,411 SF
Year Built
2021
Buildings
1
Tenancy
Multi
Listing Agency:
Creek Commercial Realty
Listed By:
Aden Struble · License #209339
(405) 210-3910
Source:
Tcnworldwide
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 5:49PM
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 Creek Commercial Realty
Investment Insights
Based on property information with market context.
Completed in 2021, this four-unit residential property consists of townhomes, each with three bedrooms, 2.5 bathrooms, and a private garage. Interior features include quartz countertops, luxury vinyl plank flooring, and modern fixtures. Each residence is individually metered.
The property is one block from Oklahoma City’s Plaza District.
The property is one block from Oklahoma City’s Plaza District.
Key Highlights
- Four townhomes, each with 3 bedrooms and 2.5 bathrooms
- Private garage for each residence
- Completed in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,653
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,353,060
$1.4M
Cap Rate 7%
$966,471
$966.5K
Cap Rate 9%
$751,700
$751.7K
Market Conditions
NOI Build-Up for 7,411 SF
Gross rent
$102.3K $13.80/SF
− Vacancy
−$5.6K −$0.76/SF
EGI
$96.6K $13.04/SF
− OpEx
−$29.0K −$3.91/SF
NOI
$67.7K $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%
$1,353,060
Cap Rate 7%
$966,471
Cap Rate 9%
$751,700
Alternative Uses
Best Use
Multifamily LT 5
$966.5K
$845.7K – $1.13M
NOI $67,653 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$894.3K
$782.5K – $1.04M
NOI $62,598 @ 7.0% cap · market cap 4.91%
Theoretical Best
Specialty Retail
$2.53M
$2.22M – $2.96M
NOI $177,419 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
544
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes a private garage, individual metering, and contemporary interior finishes.
Where is this quadplex located?
The property is located at 1705 NW 11th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Four townhomes, each with 3 bedrooms and 2.5 bathrooms; Private garage for each residence; Completed in 2021
