Modern Duplex with Covered
For Sale
$365,000
Pending
1715 NW 14th Street, Oklahoma City, OK 73106
Residential Income, Oklahoma City, OK
Property Size2,115 SF
Lot Size0.18 Acres
Days on Market93
Property Features for 1715 NW 14th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 1
Parking
4
Lot features
Interior Lot
Elementary school
Eugene Field ES
Middle school
Moon MS
High school
Douglass HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
From NW 16th and Indiana go South to NW 14th and turn East, Property will be on the North side of street.
Standard status
Pending
APN
1715NW14th73106
Size
2,115 SF
Lot size
0.18 Acres
Amenities
stackable washer/dryer
Building Details
Year built
2015
Floors in Building
1
Building materials
Brick
Roof type
Composition
Architectural style
Modern
Listing Agency:
West and Main Homes
(405) 652-0078
Listed By:
Jarred Smith
(405) 923-7777
Added: May 29
Changed: Aug 21
Last Checked: Aug 29 at 3:06PM
MLS# 1231914
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 duplex contains 2,115 square feet across two matching residences, each arranged with two bedrooms and two bathrooms. The 2015 construction record identifies brick exterior materials, while the interiors feature polished concrete flooring, granite countertops, and open kitchens. Major appliances, including stackable washer and dryer units, are included in both residences. One unit is currently vacant, while the other remains occupied.
The property is located in Oklahoma City’s College Addition, with the Plaza District and its restaurants and local destinations described as walkable from the property. A shared circular drive and covered parking serve both units, adding practical off-street parking for residents.
The property is located in Oklahoma City’s College Addition, with the Plaza District and its restaurants and local destinations described as walkable from the property. A shared circular drive and covered parking serve both units, adding practical off-street parking for residents.
Key Highlights
- 2,115 square feet across two residential units
- Each side includes 2 bedrooms and 2 bathrooms
- 2015 construction record with brick exterior materials
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
$19,307
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
5.29%
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%
$386,140
$386.1K
Cap Rate 7%
$275,814
$275.8K
Cap Rate 9%
$214,522
$214.5K
Market Conditions
NOI Build-Up for 2,115 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
$29.2K $13.80/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$27.6K $13.04/SF
− OpEx
−$8.3K −$3.91/SF
NOI
$19.3K $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%
$386,140
Cap Rate 7%
$275,814
Cap Rate 9%
$214,522
Alternative Uses
Best Use
Multifamily LT 5
$275.8K
$241.3K – $321.8K
NOI $19,307 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$255.2K
$223.3K – $297.8K
NOI $17,865 @ 7.0% cap · market cap 4.89%
Theoretical Best
Specialty Retail
$723.3K
$632.9K – $843.9K
NOI $50,633 @ 7.0% cap · market cap 13.87%
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
933
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
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 - Two-unit property offers modern finishes, individual appliances, and shared covered parking in Oklahoma City’s College Addition.
Where is this duplex located?
The property is located at 1715 NW 14th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,115 square feet across two residential units; Each side includes 2 bedrooms and 2 bathrooms; 2015 construction record with brick exterior materials
