Two-Home Multifamily
For Sale
$199,000
3629 Nw 14th St, Oklahoma City, OK 73160
Two residences share one parcel, with a detached garage and one remodeled home already producing rental income.
Property Size1,534 SF
Price / SF$129.73
Days on Market16
Property Features for 3629 Nw 14th St
General Information
Standard status
Active
Size
1,534 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Listing Agency:
Atrium Realty
(405) 808-7030
Listed By:
Benjamin Tubbs
(405) 808-7030
Source:
Exprealty
Added: Jul 28
Changed: Aug 8
Last Checked: Aug 11 at 10:27AM
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 Atrium Realty
Investment Insights
Based on property information with market context.
This multifamily property includes two separate homes on a single lot, along with an oversized detached two-car garage positioned between them. The property contains 1,534 square feet in total. The rear residence has been fully remodeled and offers two bedrooms and two bathrooms; it is currently occupied by a tenant. The front residence includes two bedrooms and one bathroom and is positioned for restoration or remodeling. New countertops and flooring materials are already at the property for potential installation before closing.
Located at 3629 NW 14th St in Oklahoma City, the property is near downtown, shopping, dining, and major highways. The two-residence layout supports separate occupancy, including an arrangement with one home occupied by the owner and the other rented, subject to applicable requirements.
Located at 3629 NW 14th St in Oklahoma City, the property is near downtown, shopping, dining, and major highways. The two-residence layout supports separate occupancy, including an arrangement with one home occupied by the owner and the other rented, subject to applicable requirements.
Key Highlights
- Two homes on one lot at 3629 NW 14th St, Oklahoma City, OK
- 1,534 square feet across two separate residences
- Rear home fully remodeled with 2 bedrooms and 2 bathrooms
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
$12,875
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
6.47%
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%
$257,500
$257.5K
Cap Rate 7%
$183,929
$183.9K
Cap Rate 9%
$143,056
$143.1K
Market Conditions
NOI Build-Up for 1,534 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
$24.9K $16.20/SF
− Vacancy
−$1.4K −$0.94/SF
EGI
$23.4K $15.26/SF
− OpEx
−$10.5K −$6.87/SF
NOI
$12.9K $8.39/SF
Area
ZIP 73160
Vacancy
5.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$257,500
Cap Rate 7%
$183,929
Cap Rate 9%
$143,056
Alternative Uses
Best Use
Apartment 5plus
$183.9K
$160.9K – $214.6K
NOI $12,875 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$370.8K
$324.4K – $432.6K
NOI $25,955 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,278
Businesses Nearby
Explore this area
Business Placement
Demographics for 73160, OK
60,511
Population
25,055
Households
2.4
Avg Household Size
33
Median Age
28%
College-Educated
92%
High-School Grad
21.4 sq mi
ZIP Area
2,828
Density / Sq Mi
$76,407
Median Household Income
$41,156
Median Earnings
$1,245
Median Rent
$189,000
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?
Multifamily property - Two residences share one parcel, with a detached garage and one remodeled home already producing rental income.
Where is this multifamily property located?
The property is located at 3629 Nw 14th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two homes on one lot at 3629 NW 14th St, Oklahoma City, OK; 1,534 square feet across two separate residences; Rear home fully remodeled with 2 bedrooms and 2 bathrooms
