Quadplex with Duplex and Garage
For Sale
$325,000
3018 NW 19th Street, Oklahoma City, OK 73107
MULTI_FAMILY - Other - Oklahoma City, OK
Property Size2,550 SF
Lot Size0.14 Acres
Price / SF$127.45
Days on Market54
Property Features for 3018 NW 19th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 2
Parking
4
Fireplace
1
Appliances
Refrigerator, Warming Drawer, Water Heater
Lot features
Interior Lot
Elementary school
Cleveland ES
Middle school
Taft MS
High school
Northwest Classen HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
From MAY and 23rd, go SOUTH, then WEST on 19th - property is on south side of street - 3018 NW 19th St.
Standard status
Active
APN
3018NW19th73107
Size
2,550 SF
Lot size
0.14 Acres
Utilities
Heating system
Zoned
Cooling system
Window Unit(s)
Building Details
Year built
1916
Floors in Building
2
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Central OK · Keller Williams Realty
(405) 330-2626
Listed By:
Daryn Rody
(405) 245-8424
Added: Jun 17
Changed: Aug 2
Last Checked: Aug 9 at 3:06AM
MLS# 1235150
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 fully leased quadplex includes a duplex plus two garage apartment units, for a total of four rental units. The property offers approximately 2,550 square feet of living space and sits on a 0.1446-acre lot. Built in 1916, the home blends historic character with traditional updates intended to help keep maintenance manageable.
The duplex provides approximately 1,430 square feet, while each garage apartment offers approximately 560 square feet of living space. The property is fully occupied, and it includes a fireplace and a composition roof. Heating is listed as zoned, with window unit(s) for cooling.
Additional in-unit amenities listed include a refrigerator, warming drawer, and water heater. The address is 3018 NW 19th Street in Oklahoma City, near NW 23rd & May and a few steps from Linwood Park. There is no sign in the yard, and tenants are to not be disturbed.
The duplex provides approximately 1,430 square feet, while each garage apartment offers approximately 560 square feet of living space. The property is fully occupied, and it includes a fireplace and a composition roof. Heating is listed as zoned, with window unit(s) for cooling.
Additional in-unit amenities listed include a refrigerator, warming drawer, and water heater. The address is 3018 NW 19th Street in Oklahoma City, near NW 23rd & May and a few steps from Linwood Park. There is no sign in the yard, and tenants are to not be disturbed.
Key Highlights
- Four rental units: duplex plus two garage apartment units
- Approximately 2,550 SF of living space on 0.1446‑acre lot
- Fully leased and fully occupied at listing time
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
$23,278
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
7.16%
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%
$465,560
$465.6K
Cap Rate 7%
$332,543
$332.5K
Cap Rate 9%
$258,644
$258.6K
Market Conditions
NOI Build-Up for 2,550 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
$35.2K $13.80/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$33.3K $13.04/SF
− OpEx
−$10.0K −$3.91/SF
NOI
$23.3K $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 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%
$465,560
Cap Rate 7%
$332,543
Cap Rate 9%
$258,644
Alternative Uses
Best Use
Multifamily LT 5
$332.5K
$291.0K – $388.0K
NOI $23,278 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$307.7K
$269.2K – $359.0K
NOI $21,539 @ 7.0% cap · market cap 6.63%
Theoretical Best
Specialty Retail
$872.1K
$763.1K – $1.02M
NOI $61,047 @ 7.0% cap · market cap 18.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
409
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?
Quadplex - Fully leased four-unit quadplex featuring a duplex and two garage apartments on a landscaped, walkable street in central Oklahoma City.
Where is this quadplex located?
The property is located at 3018 NW 19th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four rental units: duplex plus two garage apartment units; Approximately 2,550 SF of living space on 0.1446‑acre lot; Fully leased and fully occupied at listing time
