Brick Duplex with Two-Car
For Sale
$250,000
Pending
3237 NW 22nd Street, Oklahoma City, OK 73107
Two one-bedroom units combine period character, recent infrastructure updates, and flexible occupancy for an owner-occupant or investor.
Property Size2,034 SF
Days on Market75
Property Features for 3237 NW 22nd Street
General Information
Standard status
Pending
Size
2,034 SF
Property subtype
Duplex
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,289
Building Details
Building Size
2,034 SF
Year Built
1925
Buildings
1
Construction
Tudor
Tenancy
Single
Listing Agency:
Chinowth & Cohen
Listed By:
Justin Brannon
(405) 503-3968
Source:
Stetsonbentley
Added: Jul 31
Changed: Oct 8
Last Checked: Oct 13 at 1:58AM
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 Chinowth & Cohen
Investment Insights
Based on property information with market context.
This 2,034-square-foot duplex in Linwood Place contains two separate one-bedroom, one-bath residences within a blonde-brick Tudor building. The property retains original character, including oak floors, fireplaces, period bathroom finishes, a leaded-glass entry door, and exposed brick details. Recent improvements include a new 2025 roof, PEX water-supply lines in the crawlspace, and water heaters less than four years old. A detached two-car garage, additional drive pad, fenced yard, and rear decks add practical utility.
One unit is occupied by a corporate tenant on a month-to-month arrangement, while the second unit is vacant and requires renovation. The occupied residence includes a back deck and period finishes; the vacant unit has refinished oak floors, an open living, dining, and kitchen arrangement, a gas-log fireplace, and both a walk-in shower and platform tub. The property offers access to I-40 and I-44, with connections to downtown and nearby hospitals.
One unit is occupied by a corporate tenant on a month-to-month arrangement, while the second unit is vacant and requires renovation. The occupied residence includes a back deck and period finishes; the vacant unit has refinished oak floors, an open living, dining, and kitchen arrangement, a gas-log fireplace, and both a walk-in shower and platform tub. The property offers access to I-40 and I-44, with connections to downtown and nearby hospitals.
Key Highlights
- 2,034 SF blonde‑brick Tudor duplex with two separate 1‑bedroom, 1‑bath units
- New 2025 roof, PEX water‑supply lines in crawlspace, and water heaters less than four years old
- Detached 2‑car garage plus an additional drive pad for tenant parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,568
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,360
$371.4K
Cap Rate 7%
$265,257
$265.3K
Cap Rate 9%
$206,311
$206.3K
Market Conditions
NOI Build-Up for 2,034 SF
Gross rent
$28.1K $13.80/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$26.5K $13.04/SF
− OpEx
−$8.0K −$3.91/SF
NOI
$18.6K $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%
$371,360
Cap Rate 7%
$265,257
Cap Rate 9%
$206,311
Alternative Uses
Best Use
Multifamily LT 5
$265.3K
$232.1K – $309.5K
NOI $18,568 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$245.4K
$214.8K – $286.4K
NOI $17,181 @ 7.0% cap · market cap 6.87%
Theoretical Best
Specialty Retail
$695.6K
$608.7K – $811.6K
NOI $48,694 @ 7.0% cap · market cap 19.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
584
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom units combine period character, recent infrastructure updates, and flexible occupancy for an owner-occupant or investor.
Where is this duplex located?
The property is located at 3237 NW 22nd Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,034 SF blonde‑brick Tudor duplex with two separate 1‑bedroom, 1‑bath units; New 2025 roof, PEX water‑supply lines in crawlspace, and water heaters less than four years old; Detached 2‑car garage plus an additional drive pad for tenant parking
