New Two-Unit
For Sale
$390,000
324 NW 122nd St Unit 1, Oklahoma City, OK 73114
Modern duplex with two move-in-ready residences, private outdoor space, and contemporary kitchen and bath finishes.
Property Size2,300 SF
Price / SF$169.57
Days on Market49
Property Features for 324 NW 122nd St Unit 1
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Multi-Family
Building Details
Year Built
2026
Listing Agency:
Cadence Real Estate
Listed By:
Kat Thompson
(405) 313-8239
Source:
Kathleenforrest
Added: Sep 4
Changed: Oct 6
Last Checked: Oct 7 at 5:48PM
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 Cadence Real Estate
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Investment Insights
Based on property information with market context.
Completed in 2026, this 2,300-square-foot duplex contains two separate residences, each offering 3 bedrooms and 2 bathrooms. Both units feature open living and kitchen areas with breakfast bars, pantries, major appliances, granite or quartz countertops, and luxury vinyl tile flooring. Primary suites include walk-in closets, dual-sink bathrooms, and tiled showers, while the additional bedrooms can accommodate occupants, guests, or office use.
Each side also includes a covered front porch, fenced backyard, linen storage, faux wood blinds, refrigerator, washer, and dryer. The property is offered as the complete duplex, including Units 1 and 2, at 324 NW 122nd St Unit 1, Oklahoma City, OK 73114.
Each side also includes a covered front porch, fenced backyard, linen storage, faux wood blinds, refrigerator, washer, and dryer. The property is offered as the complete duplex, including Units 1 and 2, at 324 NW 122nd St Unit 1, Oklahoma City, OK 73114.
Key Highlights
- 2,300‑square‑foot duplex completed in 2026
- Two units, each with 3 bedrooms and 2 bathrooms
- Open kitchen and living areas with breakfast bars and pantries
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,996
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,920
$419.9K
Cap Rate 7%
$299,943
$299.9K
Cap Rate 9%
$233,289
$233.3K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$31.7K $13.80/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$30.0K $13.04/SF
− OpEx
−$9.0K −$3.91/SF
NOI
$21.0K $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%
$419,920
Cap Rate 7%
$299,943
Cap Rate 9%
$233,289
Alternative Uses
Best Use
Multifamily LT 5
$299.9K
$262.5K – $349.9K
NOI $20,996 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$277.5K
$242.8K – $323.8K
NOI $19,427 @ 7.0% cap · market cap 4.98%
Theoretical Best
Specialty Retail
$786.6K
$688.3K – $917.7K
NOI $55,062 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
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Business Placement
Demographics for 73114, OK
18,694
Population
9,311
Households
2
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
9.5 sq mi
ZIP Area
1,968
Density / Sq Mi
$52,592
Median Household Income
$35,931
Median Earnings
$1,135
Median Rent
$134,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Modern duplex with two move-in-ready residences, private outdoor space, and contemporary kitchen and bath finishes.
Where is this duplex located?
The property is located at 324 NW 122nd St Unit 1 Oklahoma City, OK.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 2,300‑square‑foot duplex completed in 2026; Two units, each with 3 bedrooms and 2 bathrooms; Open kitchen and living areas with breakfast bars and pantries
