Updated Duplex
For Sale
$275,000
Pending
3409 Cameron Court, Oklahoma City, OK 73112
Residential Income, Oklahoma City, OK
Property Size2,734 SF
Lot Size0.17 Acres
Days on Market49
Property Features for 3409 Cameron Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bathrooms
2
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Fireplace
1
Lot features
Interior Lot
Elementary school
Harvest Hills ES
Middle school
Hefner MS
High school
Putnam City North HS
Elementary school district
Putnam City
Middle school district
Putnam City
High school district
Putnam City
Directions
The property is located at the SW corner of NW 36th St and N Portland Ave.
Standard status
Pending
APN
3409NONECameron73112
Size
2,734 SF
Lot size
0.17 Acres
Building Details
Year built
1972
Floors in Building
1
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Modern Abode Realty
(405) 657-2525
Listed By:
Jeremy Dugas · License #178327
(405) 474-4732
Added: Jul 21
Changed: Aug 27
Last Checked: Sep 7 at 8:06PM
MLS# 1240483
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.
This duplex townhouse contains two separate residences within a 2,734-square-foot property. Each side includes two bedrooms and one and one-half bathrooms, with brick-and-frame construction, composition roofing, and fireplaces. The property was built in 1972 and has received updates; one residence is occupied while the other is vacant for a new tenant.
Set on a 0.1671-acre lot in a quiet cul-de-sac, the property is located in northwest Oklahoma City with access to shops, restaurants, and entertainment. Showings of the occupied side require 24-hour notice.
Set on a 0.1671-acre lot in a quiet cul-de-sac, the property is located in northwest Oklahoma City with access to shops, restaurants, and entertainment. Showings of the occupied side require 24-hour notice.
Key Highlights
- Two‑unit townhouse with 2 bedrooms and 1.5 bathrooms on each side
- 2,734 square feet on a 0.1671‑acre lot
- One side is rented; the second side 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
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Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences offer a mix of occupied and available space in northwest Oklahoma City.
Where is this duplex located?
The property is located at 3409 Cameron Court 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: Two‑unit townhouse with 2 bedrooms and 1.5 bathrooms on each side; 2,734 square feet on a 0.1671‑acre lot; One side is rented; the second side is vacant
