Remodeled-Side
For Sale
$209,500
2536 NW 11th Street Oklahoma, Oklahoma City, OK 73107
Fully leased duplex with one renovated unit and convenient access to roads, shopping, and employment centers.
Property Size1,764 SF
Days on Market217
Property Features for 2536 NW 11th Street Oklahoma
General Information
Standard status
Active
Size
1,764 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Gross Income
$20,400
Multifamily Units
2
Amenities
Patio, Porch, Composition
Building Details
Building Size
1,764 SF
Year Built
1930
Listing Agency:
RE/MAX at Home
Listed By:
John E Askin · License #146068
(405) 812-4118
Source:
Kw
Added: Jan 28
Changed: Sep 2
Last Checked: Sep 1 at 3:22PM
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 RE/MAX at Home
Investment Insights
Based on property information with market context.
Built in 1930, this duplex includes one remodeled side and is 100% tenant-occupied. The property offers two residential units with existing rental occupancy and exterior features that include a patio, porch, and composition materials.
Located at 2536 NW 11th Street in Oklahoma City, the property provides access to major roads, shopping, and employment centers. It may also be sold as part of a package with MLS# 1211471, 1211479, and 1211482.
Located at 2536 NW 11th Street in Oklahoma City, the property provides access to major roads, shopping, and employment centers. It may also be sold as part of a package with MLS# 1211471, 1211479, and 1211482.
Key Highlights
- 100% tenant‑occupied duplex
- One side remodeled
- Built in 1930
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
$16,103
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
7.69%
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%
$322,060
$322.1K
Cap Rate 7%
$230,043
$230.0K
Cap Rate 9%
$178,922
$178.9K
Market Conditions
NOI Build-Up for 1,764 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
$24.3K $13.80/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$23.0K $13.04/SF
− OpEx
−$6.9K −$3.91/SF
NOI
$16.1K $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%
$322,060
Cap Rate 7%
$230,043
Cap Rate 9%
$178,922
Alternative Uses
Best Use
Multifamily LT 5
$230.0K
$201.3K – $268.4K
NOI $16,103 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$212.9K
$186.3K – $248.3K
NOI $14,900 @ 7.0% cap · market cap 7.11%
Theoretical Best
Specialty Retail
$603.3K
$527.9K – $703.8K
NOI $42,230 @ 7.0% cap · market cap 20.16%
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
64
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 - Fully leased duplex with one renovated unit and convenient access to roads, shopping, and employment centers.
Where is this duplex located?
The property is located at 2536 NW 11th Street Oklahoma Oklahoma City, OK.
What is the asking price?
The asking price for this property is $209,500.
What are key features of this property?
This property features: 100% tenant‑occupied duplex; One side remodeled; Built in 1930
