Updated Half-Duplex
For Sale
$140,000
2133 Meench Dr, Oklahoma City, OK 73170
Refreshed two-bedroom residence with attached garage, covered patio, and fenced backyard.
Property Size1,004 SF
Price / SF$139.44
Days on Market52
Property Features for 2133 Meench Dr
General Information
Standard status
Active
Size
1,004 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
garage
covered back patio
fenced backyard
Building Details
Year Built
1984
Listing Agency:
1St United Okla, Realtors
(405) 376-1515
Listed By:
Homestead & Co
(405) 509-0541
Source:
Homesteadrealtyco
Added: Sep 1
Changed: Oct 21
Last Checked: Oct 20 at 8:30PM
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 1St United Okla, Realtors
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Investment Insights
Based on property information with market context.
This 1,004-square-foot half duplex, built in 1984, provides a two-bedroom, two-bath layout with a series of recent interior improvements. New paint, flooring, and light fixtures create an updated presentation, while the kitchen includes a brand-new microwave and the refrigerator remains with the property. Bathroom enhancements include an upgraded countertop.
Exterior features include a one-car garage, driveway parking, and a covered back patio opening toward the fenced backyard. A new roof is scheduled for installation before closing. The property is located near I-35, shopping, dining, and area amenities in Oklahoma City.
Exterior features include a one-car garage, driveway parking, and a covered back patio opening toward the fenced backyard. A new roof is scheduled for installation before closing. The property is located near I-35, shopping, dining, and area amenities in Oklahoma City.
Key Highlights
- 1,004 SF half duplex with 2 bedrooms and 2 bathrooms
- New paint, flooring, and light fixtures throughout the interior
- Kitchen includes a brand‑new microwave; refrigerator stays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,561
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,220
$171.2K
Cap Rate 7%
$122,300
$122.3K
Cap Rate 9%
$95,122
$95.1K
Market Conditions
NOI Build-Up for 1,004 SF
Gross rent
$16.4K $16.32/SF
− Vacancy
−$819 −$0.82/SF
EGI
$15.6K $15.50/SF
− OpEx
−$7.0K −$6.98/SF
NOI
$8.6K $8.53/SF
Area
ZIP 73170
Vacancy
5.00%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,220
Cap Rate 7%
$122,300
Cap Rate 9%
$95,122
Alternative Uses
Best Use
Apartment 5plus
$122.3K
$107.0K – $142.7K
NOI $8,561 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$408.4K
$357.3K – $476.4K
NOI $28,585 @ 7.0% cap · market cap 20.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
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Business Placement
Demographics for 73170, OK
41,343
Population
16,658
Households
2.5
Avg Household Size
40
Median Age
37%
College-Educated
94%
High-School Grad
21.0 sq mi
ZIP Area
1,969
Density / Sq Mi
$92,403
Median Household Income
$44,653
Median Earnings
$1,525
Median Rent
$249,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Refreshed two-bedroom residence with attached garage, covered patio, and fenced backyard.
Where is this multifamily property located?
The property is located at 2133 Meench Dr Oklahoma City, OK.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 1,004 SF half duplex with 2 bedrooms and 2 bathrooms; New paint, flooring, and light fixtures throughout the interior; Kitchen includes a brand‑new microwave; refrigerator stays
