Two-Unit Duplex
For Sale
$305,000
Pending
1721 Nw 17th St, Oklahoma City, OK 73160
Two separate residences support flexible occupancy near Oklahoma City’s Plaza District, with nearby dining, retail, and entertainment.
Property Size2,207 SF
Days on Market59
Property Features for 1721 Nw 17th St
General Information
Standard status
Pending
Size
2,207 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
eXp Realty, LLC BO
(888) 560-3964
Listed By:
Jayna Davis
(405) 757-9798
Source:
Exprealty
Added: Aug 31
Changed: Oct 25
Last Checked: Oct 28 at 10:02AM
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 eXp Realty, LLC BO
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Investment Insights
Based on property information with market context.
This duplex contains two separate units within a 2,207-square-foot residential income property. The layout supports distinct occupancy arrangements, including an owner-occupant setup with one residence used for income generation, as well as full-property leasing.
The property is located at 1721 NW 17th St in Oklahoma City, within walking distance of the Plaza District. Restaurants, shops, and entertainment are nearby, while Midtown, Uptown, downtown Oklahoma City, and major thoroughfares are within a short drive.
The property is located at 1721 NW 17th St in Oklahoma City, within walking distance of the Plaza District. Restaurants, shops, and entertainment are nearby, while Midtown, Uptown, downtown Oklahoma City, and major thoroughfares are within a short drive.
Key Highlights
- Two‑unit duplex configuration
- 2,207 square feet of total property size
- Within walking distance of Oklahoma City’s Plaza District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,934
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,680
$398.7K
Cap Rate 7%
$284,771
$284.8K
Cap Rate 9%
$221,489
$221.5K
Market Conditions
NOI Build-Up for 2,207 SF
Gross rent
$30.5K $13.80/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$28.5K $12.90/SF
− OpEx
−$8.5K −$3.87/SF
NOI
$19.9K $9.03/SF
Area
ZIP 73160
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,680
Cap Rate 7%
$284,771
Cap Rate 9%
$221,489
Alternative Uses
Best Use
Multifamily LT 5
$284.8K
$249.2K – $332.2K
NOI $19,934 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$264.6K
$231.6K – $308.7K
NOI $18,524 @ 7.0% cap · market cap 6.07%
Theoretical Best
Specialty Retail
$533.5K
$466.8K – $622.4K
NOI $37,342 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
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Business Placement
Demographics for 73160, OK
60,511
Population
25,055
Households
2.4
Avg Household Size
33
Median Age
28%
College-Educated
92%
High-School Grad
21.4 sq mi
ZIP Area
2,828
Density / Sq Mi
$76,407
Median Household Income
$41,156
Median Earnings
$1,245
Median Rent
$189,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences support flexible occupancy near Oklahoma City’s Plaza District, with nearby dining, retail, and entertainment.
Where is this duplex located?
The property is located at 1721 Nw 17th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; 2,207 square feet of total property size; Within walking distance of Oklahoma City’s Plaza District
