1928 Two-Unit
For Sale
$195,000
2313 NW 11th Street, Oklahoma City, OK 73107
Well-maintained duplex with both residences leased and positioned in central Oklahoma City.
Property Size1,810 SF
Days on Market137
Property Features for 2313 NW 11th Street
General Information
Standard status
Active
Size
1,810 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$18,840
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,407
Building Details
Building Size
1,810 SF
Year Built
1928
Buildings
1
Stories
1
Units
2
Listing Agency:
TAC Real Estate Services
(405) 990-2550
Listed By:
Teddi Clanton
(405) 990-2550
Source:
Capitalrealestateok
Added: Mar 23
Changed: Aug 4
Last Checked: Aug 6 at 12:28PM
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 TAC Real Estate Services
Investment Insights
Based on property information with market context.
This two-unit duplex at 2313 NW 11th Street in Oklahoma City was built in 1928 and retains classic character while receiving ongoing maintenance. Each residence offers comfortable living space, and both sides are currently leased, providing an occupied residential income property.
The property is located in central Oklahoma City, with an established address at 2313 NW 11th Street, Oklahoma City, OK 73107. Its two-unit configuration and current occupancy support continued use as a duplex investment property.
The property is located in central Oklahoma City, with an established address at 2313 NW 11th Street, Oklahoma City, OK 73107. Its two-unit configuration and current occupancy support continued use as a duplex investment property.
Key Highlights
- Two‑unit duplex at 2313 NW 11th Street, Oklahoma City, OK 73107
- Both residences are currently leased
- Built in 1928
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
$16,523
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
8.47%
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%
$330,460
$330.5K
Cap Rate 7%
$236,043
$236.0K
Cap Rate 9%
$183,589
$183.6K
Market Conditions
NOI Build-Up for 1,810 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
$25.0K $13.80/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$23.6K $13.04/SF
− OpEx
−$7.1K −$3.91/SF
NOI
$16.5K $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%
$330,460
Cap Rate 7%
$236,043
Cap Rate 9%
$183,589
Alternative Uses
Best Use
Multifamily LT 5
$236.0K
$206.5K – $275.4K
NOI $16,523 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$218.4K
$191.1K – $254.8K
NOI $15,288 @ 7.0% cap · market cap 7.84%
Theoretical Best
Specialty Retail
$619.0K
$541.6K – $722.2K
NOI $43,331 @ 7.0% cap · market cap 22.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Explore this area
Business Placement
Demographics for 73107, OK
26,318
Population
12,621
Households
2.1
Avg Household Size
34
Median Age
31%
College-Educated
80%
High-School Grad
7.6 sq mi
ZIP Area
3,463
Density / Sq Mi
$58,428
Median Household Income
$38,753
Median Earnings
$1,014
Median Rent
$143,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with both residences leased and positioned in central Oklahoma City.
Where is this duplex located?
The property is located at 2313 NW 11th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two‑unit duplex at 2313 NW 11th Street, Oklahoma City, OK 73107; Both residences are currently leased; Built in 1928
