Tenant-Occupied Duplex with Central
2541 NW 11th Street Oklahoma City, OK 73107
2541 NW 11th Street, Oklahoma City, OK, 73107
$177,500
Pending
For Sale
$177,500
Pending
SINGLE_FAMILY - Bungalow - Oklahoma City, OK
Property Size1,750 SF
Lot Size0.17 Acres
Days on Market173
Property Features for 2541 NW 11th Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
- Patio and Porch features
- Patio
- Exterior features
- Patio-Covered
- Standard status
- Pending
- APN
- 2541NW11th273107
- Size
- 1,750 SF
- Lot size
- 0.17 Acres
Utilities
- Heating system
- Floor Furnace
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1926
- Building materials
- Brick & Frame
- Roof type
- Composition
- Architectural style
- Bungalow
Listing Agency
RE/MAX at Home
(405) 708-6691
3121 Quail Springs Parkway, Edmond, OK
Listed by
John E Askin · License #146068
(405) 812-4118
Added: Jan 27 Checked: Jul 19 at 5:06 pm
MLS# 1211471
Listing URL
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Investment Insights
Based on property information with market context.
This 100% tenant-occupied duplex offers immediate income, with total monthly rents of $1,400. The property includes recent updates, including a new central A/C system, aimed at improving tenant comfort and reducing near-term capital expenses. The duplex provides a practical residential income setup and totals approximately 1,750 square feet.
Located at 2541 NW 11th Street in Oklahoma City (73107), the property is described as having easy access to major roads, shopping, and employment centers. It may also be purchased as part of a package with MLS#1211482, 1211479, and 1211477.
Located at 2541 NW 11th Street in Oklahoma City (73107), the property is described as having easy access to major roads, shopping, and employment centers. It may also be purchased as part of a package with MLS#1211482, 1211479, and 1211477.
Key Highlights
- 100% tenant‑occupied duplex with total monthly rents of $1,400
- Recent update: new central A/C system
- Heating: floor furnace; cooling includes central air and electric
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.2k | $13.80 |
| − Vacancy | −$1.3k | −$0.76 |
| EGI | $22.8k | $13.04 |
| − OpEx | −$6.8k | −$3.91 |
| NOI | $16.0k | $9.13 |
1,750 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - 100% leased duplex with a new central A/C system and convenient 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: 100% tenant‑occupied duplex with total monthly rents of $1,400; Recent update: new central A/C system; Heating: floor furnace; cooling includes central air and electric
