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 Market236
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
Electric
Natural Gas
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 24
Changed: Oct 16
Last Checked: Oct 16 at 7:12AM
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
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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 / Yr
$10,595
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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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 - 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
