Two-Bedroom Half
For Sale
$145,000
2517 W Hefner Road Oklahoma, Oklahoma City, OK 73120
As-is residential property with a patio, fireplace, and central gas and electric systems near Lake Hefner.
Property Size1,173 SF
Days on Market191
Property Features for 2517 W Hefner Road Oklahoma
General Information
Standard status
Active
Size
1,173 SF
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,800
Amenities
Fireplace
Central Elec
Gas
Patio, Porch, Composition
Building Details
Building Size
1,173 SF
Year Built
1978
Listing Agency:
Senemar & Associates
Listed By:
Mitra Senemar · License #143837
(405) 834-2158
Source:
Kw
Added: Feb 23
Changed: Sep 1
Last Checked: Sep 1 at 12:27AM
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 Senemar & Associates
Investment Insights
Based on property information with market context.
This 1978 half duplex includes two bedrooms and two bathrooms, with a spacious primary bedroom, a second bedroom, and a comfortable living room. The interior combines tile and carpet flooring with a functional kitchen and dining area, while a fireplace adds a defined feature to the living space. Central gas and electric systems serve the home.
Exterior features include a patio, porch, and composition construction. The property is positioned near Lake Hefner and shopping in The Village, providing access to nearby recreation and everyday retail services. Offered in as-is condition, the residence provides a straightforward duplex configuration for an owner-occupant or residential investor.
Exterior features include a patio, porch, and composition construction. The property is positioned near Lake Hefner and shopping in The Village, providing access to nearby recreation and everyday retail services. Offered in as-is condition, the residence provides a straightforward duplex configuration for an owner-occupant or residential investor.
Key Highlights
- Two‑bedroom, two‑bathroom half duplex
- 1978 construction with composition exterior
- Tile and carpet flooring throughout the home
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
$10,595
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
7.31%
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%
$211,900
$211.9K
Cap Rate 7%
$151,357
$151.4K
Cap Rate 9%
$117,722
$117.7K
Market Conditions
NOI Build-Up for 1,173 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
$16.2K $13.80/SF
− Vacancy
−$1.1K −$0.90/SF
EGI
$15.1K $12.90/SF
− OpEx
−$4.5K −$3.87/SF
NOI
$10.6K $9.03/SF
Area
ZIP 73120
Vacancy
6.50%
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%
$211,900
Cap Rate 7%
$151,357
Cap Rate 9%
$117,722
Alternative Uses
Best Use
Multifamily LT 5
$151.4K
$132.4K – $176.6K
NOI $10,595 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$140.6K
$123.1K – $164.1K
NOI $9,845 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$282.3K
$247.0K – $329.4K
NOI $19,763 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
Explore this area
Business Placement
Demographics for 73120, OK
36,530
Population
20,356
Households
1.8
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
11.0 sq mi
ZIP Area
3,321
Density / Sq Mi
$62,942
Median Household Income
$45,333
Median Earnings
$1,045
Median Rent
$227,600
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 - As-is residential property with a patio, fireplace, and central gas and electric systems near Lake Hefner.
Where is this duplex located?
The property is located at 2517 W Hefner Road Oklahoma Oklahoma City, OK.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom half duplex; 1978 construction with composition exterior; Tile and carpet flooring throughout the home
