Updated Two-Unit
For Sale
$150,000
229 Windsor Way, Oklahoma City, OK 73110
Residential, Oklahoma City, OK
Property Size1,144 SF
Lot Size0.09 Acres
Price / SF$131.12
Days on Market49
Property Features for 229 Windsor Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2
Elementary school
Crutcho Public School
Elementary school district
Crutcho
Middle school district
Crutcho
High school district
Crutcho
Directions
Head south on S Sunnylane Rd, turn east (left) onto Windsor Way, and follow it straight?229 & 231 Windsor Way will be on your north (left) side.
Standard status
Active
APN
229NONEWindsor73110
Size
1,144 SF
Lot size
0.09 Acres
Utilities
Heating system
Electric (Heating)
Cooling system
Electric, Central Air
Amenities
in-unit laundry room
pantry in kitchen
sliding patio doors
Building Details
Year built
1983
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
Salt Real Estate Inc
(405) 839-7070
Listed By:
Ciara Whitney
(405) 990-8561
Added: Jul 25
Changed: Sep 6
Last Checked: Sep 11 at 1:06PM
MLS# 1241267
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.
Investment Insights
Based on property information with market context.
This duplex includes two residences with a combined layout of 6 bedrooms and 4 bathrooms. Each side offers three bedrooms, two bathrooms, an in-unit laundry room, a kitchen pantry, dedicated dining space, an open living arrangement with a kitchen pass-through, and sliding patio doors. An attached one-car garage serves each residence.
Recent interior work includes LVP flooring, new interior paint, refreshed white cabinetry, updated countertops, tile backsplash, and new toilets. A new composition roof is scheduled for installation before closing. The property was built in 1983 and uses brick construction with electric heating and central air conditioning. Located in Oklahoma City, the duplex is identified by the addresses 229 and 231 Windsor Way.
Recent interior work includes LVP flooring, new interior paint, refreshed white cabinetry, updated countertops, tile backsplash, and new toilets. A new composition roof is scheduled for installation before closing. The property was built in 1983 and uses brick construction with electric heating and central air conditioning. Located in Oklahoma City, the duplex is identified by the addresses 229 and 231 Windsor Way.
Key Highlights
- Two‑unit duplex with 6 bedrooms and 4 bathrooms total
- Each side has a 3‑bedroom, 2‑bath layout
- Attached 1‑car garage for each residence
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
$10,443
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
6.96%
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%
$208,860
$208.9K
Cap Rate 7%
$149,186
$149.2K
Cap Rate 9%
$116,033
$116.0K
Market Conditions
NOI Build-Up for 1,144 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
$15.8K $13.80/SF
− Vacancy
−$868 −$0.76/SF
EGI
$14.9K $13.04/SF
− OpEx
−$4.5K −$3.91/SF
NOI
$10.4K $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%
$208,860
Cap Rate 7%
$149,186
Cap Rate 9%
$116,033
Alternative Uses
Best Use
Multifamily LT 5
$149.2K
$130.5K – $174.1K
NOI $10,443 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$138.0K
$120.8K – $161.1K
NOI $9,663 @ 7.0% cap · market cap 6.44%
Theoretical Best
Specialty Retail
$391.2K
$342.3K – $456.5K
NOI $27,387 @ 7.0% cap · market cap 18.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes three bedrooms, two baths, laundry, and an attached one-car garage.
Where is this duplex located?
The property is located at 229 Windsor Way Oklahoma City, OK.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two‑unit duplex with 6 bedrooms and 4 bathrooms total; Each side has a 3‑bedroom, 2‑bath layout; Attached 1‑car garage for each residence
