Two-Unit
For Sale
$162,500
3403 SW 37th St, Oklahoma City, OK 73119
Two separate residences each have two bedrooms and one bathroom.
Property Size1,521 SF
Price / SF$106.84
Days on Market9
Property Features for 3403 SW 37th St
General Information
Standard status
Active
Size
1,521 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1986
Listing Agency:
RE/MAX First
Listed By:
Barry Whittington · License #78900
(405) 843-8448
Source:
Vibrantok
Added: Sep 29
Last Checked: Oct 5 at 11:59PM
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 RE/MAX First
Investment Insights
Based on property information with market context.
Built in 1986, this duplex contains two separate residences, each configured with two bedrooms and one bathroom. The combined building area is 1,521 square feet.
The property is in southwest Oklahoma City, near shopping, restaurants, major roads, and schools.
The property is in southwest Oklahoma City, near shopping, restaurants, major roads, and schools.
Key Highlights
- Two separate units, each with 2 bedrooms and 1 bathroom
- 1,521 square feet of building area
- Built in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,885
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,700
$277.7K
Cap Rate 7%
$198,357
$198.4K
Cap Rate 9%
$154,278
$154.3K
Market Conditions
NOI Build-Up for 1,521 SF
Gross rent
$21.0K $13.80/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$19.8K $13.04/SF
− OpEx
−$6.0K −$3.91/SF
NOI
$13.9K $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%
$277,700
Cap Rate 7%
$198,357
Cap Rate 9%
$154,278
Alternative Uses
Best Use
Multifamily LT 5
$198.4K
$173.6K – $231.4K
NOI $13,885 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$183.5K
$160.6K – $214.1K
NOI $12,847 @ 7.0% cap · market cap 7.91%
Theoretical Best
Specialty Retail
$520.2K
$455.2K – $606.9K
NOI $36,413 @ 7.0% cap · market cap 22.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Explore this area
Business Placement
Demographics for 73119, OK
31,216
Population
12,008
Households
2.6
Avg Household Size
31
Median Age
6%
College-Educated
61%
High-School Grad
6.8 sq mi
ZIP Area
4,591
Density / Sq Mi
$42,936
Median Household Income
$29,529
Median Earnings
$923
Median Rent
$93,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 separate residences each have two bedrooms and one bathroom.
Where is this duplex located?
The property is located at 3403 SW 37th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $162,500.
What are key features of this property?
This property features: Two separate units, each with 2 bedrooms and 1 bathroom; 1,521 square feet of building area; Built in 1986
