Updated Two-Unit
For Sale
$275,000
3409 Cameron Ct, Oklahoma City, OK 73112
Updated two-unit townhouse with one occupied side and one available for a new renter.
Property Size2,734 SF
Price / SF$100.59
Days on Market24
Property Features for 3409 Cameron Ct
General Information
Standard status
Active
Size
2,734 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Building Details
Year Built
1972
Buildings
1
Listing Agency:
Modern Abode Realty
(405) 474-4732
Listed By:
Jeremy Dugas · License #178327
Source:
Bktoklahomacity
Added: Aug 6
Changed: Aug 28
Last Checked: Aug 25 at 4:08AM
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 Modern Abode Realty
Investment Insights
Based on property information with market context.
This two-unit townhouse property contains 2,734 square feet and offers a matching layout on each side, with 2 bedrooms and 1.5 bathrooms per unit. The interiors have received updates, and one side is currently leased while the other is vacant for a new occupant.
Built in 1972, the property sits on a quiet cul-de-sac in northwest Oklahoma City. Its location provides access to nearby shops, restaurants, and entertainment. Showings of the occupied unit require 24-hour notice.
Built in 1972, the property sits on a quiet cul-de-sac in northwest Oklahoma City. Its location provides access to nearby shops, restaurants, and entertainment. Showings of the occupied unit require 24-hour notice.
Key Highlights
- 2,734‑square‑foot duplex townhouse
- Each side includes 2 bedrooms and 1.5 bathrooms
- One unit is leased; the second unit is vacant
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
$24,958
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
9.08%
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%
$499,160
$499.2K
Cap Rate 7%
$356,543
$356.5K
Cap Rate 9%
$277,311
$277.3K
Market Conditions
NOI Build-Up for 2,734 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
$37.7K $13.80/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$35.7K $13.04/SF
− OpEx
−$10.7K −$3.91/SF
NOI
$25.0K $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 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%
$499,160
Cap Rate 7%
$356,543
Cap Rate 9%
$277,311
Alternative Uses
Best Use
Multifamily LT 5
$356.5K
$312.0K – $416.0K
NOI $24,958 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$329.9K
$288.7K – $384.9K
NOI $23,093 @ 7.0% cap · market cap 8.40%
Theoretical Best
Specialty Retail
$935.0K
$818.2K – $1.09M
NOI $65,452 @ 7.0% cap · market cap 23.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
Explore this area
Business Placement
Demographics for 73112, OK
31,113
Population
16,413
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
7.6 sq mi
ZIP Area
4,094
Density / Sq Mi
$57,833
Median Household Income
$39,641
Median Earnings
$1,030
Median Rent
$173,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit townhouse with one occupied side and one available for a new renter.
Where is this duplex located?
The property is located at 3409 Cameron Ct Oklahoma City, OK.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,734‑square‑foot duplex townhouse; Each side includes 2 bedrooms and 1.5 bathrooms; One unit is leased; the second unit is vacant
