Duplex with Updated
219 Park Place, Midwest City, OK 73110
For Sale
$129,000
Pending
Residential, Midwest City, OK
Property Size1,267 SF
Lot Size0.10 Acres
Days on Market57
Property Features for 219 Park Place
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Window features
Patio and Porch features
Interior features
Appliances
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
KING Real Estate Group
(405) 739-0550
Listed By:
Karen King · License OK #122366
(405) 834-1057
Added: Sep 15
Changed: Oct 23
Last Checked: Nov 10 at 7:06AM
MLS# 1249044
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.
This duplex contains 1,267 square feet on a 0.0992-acre cul-de-sac lot. Brick and frame construction is paired with vinyl and carpet flooring, a patio, and a privacy fence. Interior updates include fresh paint, updated flooring, and new HVAC systems. The room inventory lists three bedrooms and two bathrooms, along with a dishwasher.
The property is near Tinker Air Force Base and downtown Oklahoma City, with a park and shopping described as walkable destinations. Built in 1979, the duplex has central natural gas heating and electric cooling.
The property is near Tinker Air Force Base and downtown Oklahoma City, with a park and shopping described as walkable destinations. Built in 1979, the duplex has central natural gas heating and electric cooling.
Key Highlights
- 1,267‑square‑foot duplex on a 0.0992‑acre cul‑de‑sac lot
- Three bedrooms and two bathrooms
- New HVAC systems, fresh paint, and updated flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,062
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,240
$161.2K
Cap Rate 7%
$115,171
$115.2K
Cap Rate 9%
$89,578
$89.6K
Market Conditions
NOI Build-Up for 1,267 SF
Gross rent
$16.3K $12.84/SF
− Vacancy
−$1.6K −$1.27/SF
EGI
$14.7K $11.57/SF
− OpEx
−$6.6K −$5.21/SF
NOI
$8.1K $6.36/SF
Area
Oklahoma County, OK
Vacancy
9.90%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,240
Cap Rate 7%
$115,171
Cap Rate 9%
$89,578
Alternative Uses
Best Use
Apartment 5plus
$115.2K
$100.8K – $134.4K
NOI $8,062 @ 7.0% cap · market cap 6.25%
Second Best
Multifamily LT 5
$110.0K
$96.2K – $128.3K
NOI $7,698 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$263.9K
$230.9K – $307.9K
NOI $18,472 @ 7.0% cap · market cap 14.32%
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
393
Businesses Nearby
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Business Placement
Demographics for 73110, OK
33,156
Population
15,826
Households
2.1
Avg Household Size
35
Median Age
20%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,436
Median Household Income
$35,043
Median Earnings
$1,007
Median Rent
$119,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Oklahoma County, OK
Properties on Market for Duplexes in Oklahoma County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes new HVAC systems, refreshed flooring, and privacy fencing.
Where is this duplex located?
The property is located at 219 Park Place Midwest City, OK.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: 1,267‑square‑foot duplex on a 0.0992‑acre cul‑de‑sac lot; Three bedrooms and two bathrooms; New HVAC systems, fresh paint, and updated flooring
