2-Unit Craftsman
New
For Sale
$299,900
2320 NW 16th Street, Oklahoma City, OK 73107
Residential Income, Oklahoma City, OK
Property Size1,486 SF
Price / SF$201.82
Days on Market3
Property Features for 2320 NW 16th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Parking
4
Appliances
Dishwasher, Dryer, Refrigerator, Washer
Lot features
Interior Lot
Elementary school
Hawthorne ES
Middle school
Taft MS
High school
Northwest Classen HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
From NW 16th & Pennsylvania head east to property on south side of NW 16th
Standard status
Active
APN
2320NW16th2320and232273107
Size
1,486 SF
Amenities
stained concrete flooring
accessible design features
refrigerator
washer
dryer
Building Details
Year built
2010
Floors in Building
1
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Craftsman
Listing Agency:
Whittington Realty
(405) 703-4100
Listed By:
Velvet McBryde · License #156353
(405) 623-5339
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 11:06AM
MLS# 1252982
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.
Built in 2010, this Craftsman-style duplex contains 1,486 square feet across two residences. One unit has one bedroom and one bathroom; the other includes two bedrooms and one bathroom. Both feature stained concrete floors, accessible design elements, and individual refrigerators, washers, and dryers. Brick and frame construction and a composition roof complete the property’s physical profile.
The property is near Oklahoma City’s Plaza District, with restaurants, shops, galleries, and entertainment in the surrounding area. Both units are occupied. The two-bedroom lease runs through December 31, 2026, and the one-bedroom lease ends January 31, 2027. The current one-bedroom tenant has indicated interest in remaining. Together, the separate unit layouts and lease schedules provide a clear picture of the existing residential configuration.
The property is near Oklahoma City’s Plaza District, with restaurants, shops, galleries, and entertainment in the surrounding area. Both units are occupied. The two-bedroom lease runs through December 31, 2026, and the one-bedroom lease ends January 31, 2027. The current one-bedroom tenant has indicated interest in remaining. Together, the separate unit layouts and lease schedules provide a clear picture of the existing residential configuration.
Key Highlights
- Two residences total 1,486 square feet
- One unit has 1 bedroom and 1 bathroom; the other has 2 bedrooms and 1 bathroom
- Built in 2010 with Craftsman architectural styling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,565
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,300
$271.3K
Cap Rate 7%
$193,786
$193.8K
Cap Rate 9%
$150,722
$150.7K
Market Conditions
NOI Build-Up for 1,486 SF
Gross rent
$20.5K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$19.4K $13.04/SF
− OpEx
−$5.8K −$3.91/SF
NOI
$13.6K $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 Rate 5%
$271,300
Cap Rate 7%
$193,786
Cap Rate 9%
$150,722
Alternative Uses
Best Use
Multifamily LT 5
$193.8K
$169.6K – $226.1K
NOI $13,565 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$179.3K
$156.9K – $209.2K
NOI $12,552 @ 7.0% cap · market cap 4.19%
Theoretical Best
Specialty Retail
$508.2K
$444.7K – $592.9K
NOI $35,575 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
465
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct floor plans, in-unit laundry, and tenant occupancy support a flexible residential income property.
Where is this duplex located?
The property is located at 2320 NW 16th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two residences total 1,486 square feet; One unit has 1 bedroom and 1 bathroom; the other has 2 bedrooms and 1 bathroom; Built in 2010 with Craftsman architectural styling
