Two-Unit Brick
For Sale
$162,500
3403 SW 37th Street, Oklahoma City, OK 73119
Residential Income, Oklahoma City, OK
Property Size1,521 SF
Lot Size0.16 Acres
Price / SF$106.84
Days on Market10
Property Features for 3403 SW 37th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bedroom 2
Lot features
Interior Lot
Elementary school
Adams ES
Middle school
Roosevelt MS
High school
U. S. Grant HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
Between Woodward and Portland on SW 37th
Standard status
Active
APN
3403SW37th73119
Size
1,521 SF
Lot size
0.16 Acres
Building Details
Year built
1986
Floors in Building
1
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
RE/MAX First · RE/MAX International
(405) 843-8448
Listed By:
Barry Whittington · License #78900
(405) 370-1428
Added: Sep 27
Last Checked: Oct 6 at 4:06AM
MLS# 1251138
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.
Built in 1986, this brick duplex contains two distinct residences, each arranged with two bedrooms and one bathroom. The building has 1,521 square feet of space on a 0.1607-acre parcel, with a composition roof.
Shopping, restaurants, major roads, and schools are in the surrounding area.
Shopping, restaurants, major roads, and schools are in the surrounding area.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,521 square feet of building area on a 0.1607‑acre lot
- Brick construction; 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 - Each residence has two bedrooms and one bathroom, with nearby shopping, dining, major roads, and schools.
Where is this duplex located?
The property is located at 3403 SW 37th Street 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 residences, each with 2 bedrooms and 1 bathroom; 1,521 square feet of building area on a 0.1607‑acre lot; Brick construction; built in 1986
