Updated Duplex with Detached
For Sale
$269,990
Pending
2436 NW 16th Street, Oklahoma City, OK 73107
Residential Income, Oklahoma City, OK
Property Size1,776 SF
Lot Size0.16 Acres
Days on Market113
Property Features for 2436 NW 16th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1
Parking
4
Appliances
Refrigerator, Water Heater
Lot features
Infill 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
On South side of NW 16th two houses East of Villa.
Standard status
Pending
APN
2436NW16th73107
Size
1,776 SF
Lot size
0.16 Acres
Utilities
Heating system
Natural Gas
Cooling system
Central Air, Electric
Amenities
washer/dryer hookups
detached garage
Building Details
Year built
1920
Floors in Building
1
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Bungalow
Listing Agency:
Solas Real Estate LLC
(405) 451-0000
Listed By:
Kaci Kaiser
(405) 312-3264
Added: May 9
Changed: Aug 21
Last Checked: Aug 29 at 3:06PM
MLS# 1228574
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 1,776-square-foot duplex is arranged as two matching residences, each with two bedrooms, a renovated bathroom, and an updated kitchen equipped with granite countertops and newer appliances. Original hardwood flooring has been restored, while washer/dryer hookups add practical utility to both units. The property was built in 1920 and combines brick and frame construction with a bungalow design, composition roofing, natural-gas heat, and electric central air conditioning.
A detached garage and front parking for two vehicles provide off-street parking. The property sits at 2436 NW 16th Street in Oklahoma City, less than a mile west of the Plaza District, with restaurants, bars, shopping, and entertainment nearby. One unit is leased through March 2027, while the other lease expires July 31st. Tenants pay all utilities.
A detached garage and front parking for two vehicles provide off-street parking. The property sits at 2436 NW 16th Street in Oklahoma City, less than a mile west of the Plaza District, with restaurants, bars, shopping, and entertainment nearby. One unit is leased through March 2027, while the other lease expires July 31st. Tenants pay all utilities.
Key Highlights
- 1,776‑square‑foot duplex with two mirror‑image units
- Each unit includes two bedrooms, a renovated bathroom, and an updated kitchen
- Restored original hardwood floors, granite countertops, and newer appliances
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
$16,213
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
6.01%
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%
$324,260
$324.3K
Cap Rate 7%
$231,614
$231.6K
Cap Rate 9%
$180,144
$180.1K
Market Conditions
NOI Build-Up for 1,776 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
$24.5K $13.80/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$23.2K $13.04/SF
− OpEx
−$6.9K −$3.91/SF
NOI
$16.2K $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%
$324,260
Cap Rate 7%
$231,614
Cap Rate 9%
$180,144
Alternative Uses
Best Use
Multifamily LT 5
$231.6K
$202.7K – $270.2K
NOI $16,213 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$214.3K
$187.5K – $250.0K
NOI $15,001 @ 7.0% cap · market cap 5.56%
Theoretical Best
Specialty Retail
$607.4K
$531.5K – $708.6K
NOI $42,517 @ 7.0% cap · market cap 15.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
541
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 - Two mirrored residences provide two bedrooms, renovated bathrooms, modern kitchens, and washer/dryer hookups on each side.
Where is this duplex located?
The property is located at 2436 NW 16th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $269,990.
What are key features of this property?
This property features: 1,776‑square‑foot duplex with two mirror‑image units; Each unit includes two bedrooms, a renovated bathroom, and an updated kitchen; Restored original hardwood floors, granite countertops, and newer appliances
