Building Details

Year built 1932

Floors in Building 1

Building materials Brick & Frame

Roof type Shingle

Architectural style Tudor

Listing Agency: Keller Williams Realty-Mulinix k***@kw.com Show Phone

Listed By: Sebastian Viard Show Phone

Added: Aug 13 Changed: Oct 3 Last Checked: Oct 5 at 11:06PM

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MLS# 1244461

Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This duplex at 2840 NW 23rd Street in Oklahoma City contains 2,116 square feet on a 0.1756-acre parcel. The property was built in 1932 and features Tudor architecture with brick-and-frame construction and a shingle roof. The interior includes four bedrooms and two bathrooms.

Located in Oklahoma City, the property is identified as a duplex and is positioned for residential income use. Its established construction and traditional design provide a distinct physical profile within the local housing market.

Key Highlights

• Duplex configuration with 2,116 square feet of building area
• 0.1756‑acre parcel at 2840 NW 23rd Street, Oklahoma City
• Four bedrooms and two bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,316

Cap Rate

8.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$386,320 $386.3K

Cap Rate 7%

$275,943 $275.9K

Cap Rate 9%

$214,622 $214.6K

Market Conditions

NOI Build-Up for 2,116 SF

Gross rent

$29.2K $13.80/SF

− Vacancy

−$1.6K −$0.76/SF

EGI

$27.6K $13.04/SF

− OpEx

−$8.3K −$3.91/SF

NOI

$19.3K $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%

$386,320

Cap Rate 7%

$275,943

Cap Rate 9%

$214,622

Alternative Uses

Best Use

Multifamily LT 5

$275.9K

$241.5K – $321.9K (±1% cap)

NOI $19,316 @ 7.0% cap · market cap 8.05%

Second Best

Apartment 5plus

$255.3K

$223.4K – $297.9K (±1% cap)

NOI $17,873 @ 7.0% cap · market cap 7.45%

Theoretical Best

Specialty Retail

$723.7K

$633.2K – $844.3K (±1% cap)

NOI $50,657 @ 7.0% cap · market cap 21.11%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Parking Lot & Garage Electrical Service Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

481

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential income property with brick-and-frame construction and a traditional Tudor design.

Where is this duplex located?

The property is located at 2840 NW 23rd Street Oklahoma City, OK.

What is the asking price?

The asking price for this property is $240,000.

What are key features of this property?

This property features: Duplex configuration with 2,116 square feet of building area; 0.1756‑acre parcel at 2840 NW 23rd Street, Oklahoma City; Four bedrooms and two bathrooms