Tenant-Occupied
For Sale
$177,500
2541 NW 11th Street, Oklahoma City, OK 73107
Tenant-occupied duplex with a new central A/C system and access to major roads, shopping, and employment centers.
Property Size1,750 SF
Days on Market52
Property Features for 2541 NW 11th Street
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Gross Income
$16,800
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,733
Building Details
Building Size
1,750 SF
Year Built
1926
Listing Agency:
RE/MAX at Home
Listed By:
John Askin · License #146068
(405) 812-4118
Source:
Stetsonbentley
Added: Aug 28
Changed: Oct 14
Last Checked: Oct 16 at 3:25PM
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
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Investment Insights
Based on property information with market context.
Built in 1926, this duplex is fully occupied by tenants and includes a recently installed central A/C system. The property is positioned for convenient access to major roads, shopping, and employment centers in Oklahoma City.
Key Highlights
- Duplex with 100% tenant occupancy
- New central A/C system
- Built in 1926
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,975
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,500
$319.5K
Cap Rate 7%
$228,214
$228.2K
Cap Rate 9%
$177,500
$177.5K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$24.2K $13.80/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$22.8K $13.04/SF
− OpEx
−$6.8K −$3.91/SF
NOI
$16.0K $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%
$319,500
Cap Rate 7%
$228,214
Cap Rate 9%
$177,500
Alternative Uses
Best Use
Multifamily LT 5
$228.2K
$199.7K – $266.3K
NOI $15,975 @ 7.0% cap · market cap 9.00%
Second Best
Apartment 5plus
$211.2K
$184.8K – $246.4K
NOI $14,782 @ 7.0% cap · market cap 8.33%
Theoretical Best
Specialty Retail
$598.5K
$523.7K – $698.3K
NOI $41,895 @ 7.0% cap · market cap 23.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
454
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 - Tenant-occupied duplex with a new central A/C system and access to major roads, shopping, and employment centers.
Where is this duplex located?
The property is located at 2541 NW 11th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $177,500.
What are key features of this property?
This property features: Duplex with 100% tenant occupancy; New central A/C system; Built in 1926
