Duplex Near Oklahoma City
For Sale
$189,000
2014-2014 Nw 26th Street, Oklahoma City, OK 73106
Two-unit property on two lots near Oklahoma City University with updated systems and established tenancy.
Property Size1,404 SF
Price / SF$134.62
Days on Market14
Property Features for 2014-2014 Nw 26th Street
General Information
Standard status
Active
Size
1,404 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Listing Agency:
OKC Metro Group Realty
(405) 348-6700
Listed By:
Ronald Jordan
(210) 279-7990
Source:
Exprealty
Added: Sep 14
Changed: Sep 21
Last Checked: Sep 26 at 10:27AM
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 OKC Metro Group Realty
Investment Insights
Based on property information with market context.
This 1,404-square-foot duplex contains two separate residences on a two-lot parcel. The upper unit offers two bedrooms and one bathroom, with refinished hardwood flooring and improvements to the kitchen and bathroom. The lower unit includes one bedroom and one bathroom. Both residences have been leased to the same tenants for years.
Major system work includes a new water heater, upgraded HVAC, and updated electrical and gas service. The roof is approximately 7–8 years old. The property is located just west of Oklahoma City University in Oklahoma City, providing a campus-adjacent setting for an income-producing residential asset.
Major system work includes a new water heater, upgraded HVAC, and updated electrical and gas service. The roof is approximately 7–8 years old. The property is located just west of Oklahoma City University in Oklahoma City, providing a campus-adjacent setting for an income-producing residential asset.
Key Highlights
- 1,404 SF duplex situated on two lots
- Upper unit includes 2 bed, 1 bath, refinished hardwood floors, and updated kitchen and bathroom
- Lower unit includes 1 bed, 1 bath
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
$12,817
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
6.78%
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%
$256,340
$256.3K
Cap Rate 7%
$183,100
$183.1K
Cap Rate 9%
$142,411
$142.4K
Market Conditions
NOI Build-Up for 1,404 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
$19.4K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$18.3K $13.04/SF
− OpEx
−$5.5K −$3.91/SF
NOI
$12.8K $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%
$256,340
Cap Rate 7%
$183,100
Cap Rate 9%
$142,411
Alternative Uses
Best Use
Multifamily LT 5
$183.1K
$160.2K – $213.6K
NOI $12,817 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$169.4K
$148.2K – $197.7K
NOI $11,859 @ 7.0% cap · market cap 6.27%
Theoretical Best
Specialty Retail
$480.2K
$420.2K – $560.2K
NOI $33,612 @ 7.0% cap · market cap 17.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
728
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property on two lots near Oklahoma City University with updated systems and established tenancy.
Where is this duplex located?
The property is located at 2014-2014 Nw 26th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 1,404 SF duplex situated on two lots; Upper unit includes 2 bed, 1 bath, refinished hardwood floors, and updated kitchen and bathroom; Lower unit includes 1 bed, 1 bath
