Four-Unit Bungalow
1900 W Park Place, Oklahoma City, OK 73106
For Sale
$360,000
Residential Income, Oklahoma City, OK
Property Size2,659 SF
Lot Size0.22 Acres
Price / SF$135.39
Days on Market56
Property Features for 1900 W Park Place
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Fireplace
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Heating system
Cooling system
Amenities
covered porches
mature trees
outdoor space
on-site parking
Building Details
Year built
Floors in Building
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Sage Sotheby's Realty
(405) 748-0405
Listed By:
Julie Snowder
(405) 641-6451
Added: Sep 16
Changed: Nov 3
Last Checked: Nov 10 at 6:06AM
MLS# 1249473
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.
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Investment Insights
Based on property information with market context.
Two duplex buildings provide four rental residences on a 0.22-acre lot in Oklahoma City. The 2,659-square-foot property dates to 1921 and has bungalow-style architecture. Each unit includes one bedroom, one bathroom, a private entrance, and its own living space. Kitchens feature painted cabinetry and butcher-block counters; updated flooring and neutral finishes are also present.
Covered porches, mature trees, outdoor areas, and additional on-site parking serve the property. It is near the Plaza District’s dining, shopping, entertainment, and local businesses, with downtown Oklahoma City also nearby. Heating is central natural gas, cooling is electric, and the property includes a fireplace.
Covered porches, mature trees, outdoor areas, and additional on-site parking serve the property. It is near the Plaza District’s dining, shopping, entertainment, and local businesses, with downtown Oklahoma City also nearby. Heating is central natural gas, cooling is electric, and the property includes a fireplace.
Key Highlights
- Four rental units across two duplex buildings; all four are leased
- Each unit has one bedroom, one bathroom, and a private entrance
- 2,659 square feet on a 0.22‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,273
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,460
$485.5K
Cap Rate 7%
$346,757
$346.8K
Cap Rate 9%
$269,700
$269.7K
Market Conditions
NOI Build-Up for 2,659 SF
Gross rent
$36.7K $13.80/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$34.7K $13.04/SF
− OpEx
−$10.4K −$3.91/SF
NOI
$24.3K $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 Rate 5%
$485,460
Cap Rate 7%
$346,757
Cap Rate 9%
$269,700
Alternative Uses
Best Use
Multifamily LT 5
$346.8K
$303.4K – $404.6K
NOI $24,273 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$320.9K
$280.8K – $374.3K
NOI $22,460 @ 7.0% cap · market cap 6.24%
Theoretical Best
Specialty Retail
$909.4K
$795.7K – $1.06M
NOI $63,656 @ 7.0% cap · market cap 17.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
738
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
$262,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Oklahoma City, OK
Properties on Market for Quadplexes in Oklahoma City
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has a separate entrance, and all four units are leased.
Where is this quadplex located?
The property is located at 1900 W Park Place Oklahoma City, OK.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Four rental units across two duplex buildings; all four are leased; Each unit has one bedroom, one bathroom, and a private entrance; 2,659 square feet on a 0.22‑acre lot
