Duplex with One Available
3600 N Willow Springs Drive, Oklahoma City, OK 73112
For Sale
$265,000
One side is vacant, while the other is occupied by a long-term tenant.
Property Size2,092 SF
Price / SF$126.67
Days on Market144
Property Features for 3600 N Willow Springs Drive
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
OKC Home Realty Services, LLC
Listed By:
Janice Edwards
(405) 956-5729
Source:
Oakandprairiehomes
Added: Jun 19
Changed: Nov 7
Last Checked: Nov 9 at 3:14PM
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 OKC Home Realty Services, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,092-square-foot duplex was built in 1969. One side is vacant, and the other is occupied by a long-term renter.
Key Highlights
- 2,092‑square‑foot duplex
- Built in 1969
- One side vacant; the other occupied by a long‑term renter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,097
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,940
$381.9K
Cap Rate 7%
$272,814
$272.8K
Cap Rate 9%
$212,189
$212.2K
Market Conditions
NOI Build-Up for 2,092 SF
Gross rent
$28.9K $13.80/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$27.3K $13.04/SF
− OpEx
−$8.2K −$3.91/SF
NOI
$19.1K $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%
$381,940
Cap Rate 7%
$272,814
Cap Rate 9%
$212,189
Alternative Uses
Best Use
Multifamily LT 5
$272.8K
$238.7K – $318.3K
NOI $19,097 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$252.4K
$220.9K – $294.5K
NOI $17,670 @ 7.0% cap · market cap 6.67%
Theoretical Best
Specialty Retail
$715.5K
$626.0K – $834.7K
NOI $50,082 @ 7.0% cap · market cap 18.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
701
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
$173,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Oklahoma City, OK
Properties on Market for Duplexes in Oklahoma City
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One side is vacant, while the other is occupied by a long-term tenant.
Where is this duplex located?
The property is located at 3600 N Willow Springs Drive Oklahoma City, OK.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 2,092‑square‑foot duplex; Built in 1969; One side vacant; the other occupied by a long‑term renter
