Renovated Duplex with New
For Sale
$500,000
3717 N Olie Avenue, Oklahoma City, OK 73118
Renovated two-unit property with updated kitchens, hardwood floors, and off-street parking.
Property Size2,468 SF
Days on Market183
Property Features for 3717 N Olie Avenue
General Information
Standard status
Active
Size
2,468 SF
Total Parking Spaces
4
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,521
Amenities
balcony
fenced yard
Building Details
Building Size
2,468 SF
Year Built
1941
Listing Agency:
Verbode
Listed By:
Gary Caplinger
(405) 694-8562
Source:
Stetsonbentley
Added: Apr 18
Changed: Oct 11
Last Checked: Oct 16 at 2:55PM
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 Verbode
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Investment Insights
Based on property information with market context.
Built in 1941, this 2,468-square-foot duplex contains two matching flats, each with 2 bedrooms and 1 bathroom. Interior details include hardwood flooring, mock fireplaces, walnut cabinetry, quartzite kitchen countertops, and a well-maintained overall presentation. The upper residence adds built-in living-room shelving and a private second-floor balcony.
Recent improvements include a new roof and updated mechanical equipment in the lower unit, including HVAC, ductwork, and a tankless water heater installed in 2024. The property includes four off-street parking spaces behind the building—two covered garage spaces and two uncovered spaces—along with a fenced yard. The lower unit is leased through October, while the upper unit is vacant. Located in Historic Crown Heights, the duplex is walkable to the Western Avenue District.
Recent improvements include a new roof and updated mechanical equipment in the lower unit, including HVAC, ductwork, and a tankless water heater installed in 2024. The property includes four off-street parking spaces behind the building—two covered garage spaces and two uncovered spaces—along with a fenced yard. The lower unit is leased through October, while the upper unit is vacant. Located in Historic Crown Heights, the duplex is walkable to the Western Avenue District.
Key Highlights
- 2,468‑square‑foot duplex built in 1941
- Two 2‑bedroom, 1‑bath flats with matching layouts
- New roof and extensive historic‑focused renovation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,530
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,600
$450.6K
Cap Rate 7%
$321,857
$321.9K
Cap Rate 9%
$250,333
$250.3K
Market Conditions
NOI Build-Up for 2,468 SF
Gross rent
$34.1K $13.80/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$32.2K $13.04/SF
− OpEx
−$9.7K −$3.91/SF
NOI
$22.5K $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%
$450,600
Cap Rate 7%
$321,857
Cap Rate 9%
$250,333
Alternative Uses
Best Use
Multifamily LT 5
$321.9K
$281.6K – $375.5K
NOI $22,530 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$297.8K
$260.6K – $347.4K
NOI $20,846 @ 7.0% cap · market cap 4.17%
Theoretical Best
Specialty Retail
$844.1K
$738.6K – $984.7K
NOI $59,084 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
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Business Placement
Demographics for 73118, OK
13,521
Population
7,856
Households
1.7
Avg Household Size
37
Median Age
49%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
2,817
Density / Sq Mi
$69,321
Median Household Income
$45,494
Median Earnings
$1,064
Median Rent
$252,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-unit property with updated kitchens, hardwood floors, and off-street parking.
Where is this duplex located?
The property is located at 3717 N Olie Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,468‑square‑foot duplex built in 1941; Two 2‑bedroom, 1‑bath flats with matching layouts; New roof and extensive historic‑focused renovation
