Tenant-Occupied
For Sale
$275,000
3617 N Drexel Boulevard, Oklahoma City, OK 73112
Two-bedroom units offer half baths, built-in kitchen appliances, and covered parking for residents.
Property Size2,686 SF
Days on Market37
Property Features for 3617 N Drexel Boulevard
General Information
Standard status
Active
Size
2,686 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,163
Building Details
Building Size
2,686 SF
Year Built
1959
Buildings
1
Listing Agency:
McGraw Davisson Stewart LLC(BO
Listed By:
Jennifer Elliston
(405) 746-0040
Source:
Stetsonbentley
Added: Sep 1
Changed: Oct 4
Last Checked: Oct 7 at 6:25PM
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 McGraw Davisson Stewart LLC(BO
Investment Insights
Based on property information with market context.
This 2,686-square-foot duplex includes two residential units, each with two bedrooms and 1 1/2 baths. Both units are currently occupied by tenants. Kitchens are equipped with an electric stovetop, built-in oven, and dishwasher; refrigerators are not included. Each unit also has one covered parking space.
The property is located at 3617 N Drexel Blvd in Oklahoma City, within the Morris Will Roger Park Addition. Shopping, dining, highways, and Will Rogers Park are nearby, providing convenient access to surrounding amenities and transportation routes.
The property is located at 3617 N Drexel Blvd in Oklahoma City, within the Morris Will Roger Park Addition. Shopping, dining, highways, and Will Rogers Park are nearby, providing convenient access to surrounding amenities and transportation routes.
Key Highlights
- 2,686‑square‑foot duplex with two units
- Each unit includes 2 bedrooms and 1 1/2 baths
- Both units are currently occupied by tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,520
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,400
$490.4K
Cap Rate 7%
$350,286
$350.3K
Cap Rate 9%
$272,444
$272.4K
Market Conditions
NOI Build-Up for 2,686 SF
Gross rent
$37.1K $13.80/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$35.0K $13.04/SF
− OpEx
−$10.5K −$3.91/SF
NOI
$24.5K $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%
$490,400
Cap Rate 7%
$350,286
Cap Rate 9%
$272,444
Alternative Uses
Best Use
Multifamily LT 5
$350.3K
$306.5K – $408.7K
NOI $24,520 @ 7.0% cap · market cap 8.92%
Second Best
Apartment 5plus
$324.1K
$283.6K – $378.1K
NOI $22,688 @ 7.0% cap · market cap 8.25%
Theoretical Best
Specialty Retail
$918.6K
$803.8K – $1.07M
NOI $64,303 @ 7.0% cap · market cap 23.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
692
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
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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-bedroom units offer half baths, built-in kitchen appliances, and covered parking for residents.
Where is this duplex located?
The property is located at 3617 N Drexel Boulevard 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: 2,686‑square‑foot duplex with two units; Each unit includes 2 bedrooms and 1 1/2 baths; Both units are currently occupied by tenants
