Duplex with Second-Floor
For Sale
$500,000
3717 N Olie Avenue, Oklahoma City, OK 73118
Residential Income, Oklahoma City, OK
Property Size2,468 SF
Lot Size0.21 Acres
Price / SF$202.59
Days on Market173
Property Features for 3717 N Olie Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2
Parking
2
Fireplace
1
Appliances
Dishwasher, Microwave, Refrigerator, Washer/Dryer, Water Heater
Lot features
Interior Lot
Elementary school
Wilson ES
Middle school
Moon MS
High school
Douglass HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
From the intersection of NW 36th and Western, head east on NW 36th. Turn North onto N Olie Ave. The property is on the west side of the street.
Standard status
Active
APN
3717NOlie73118
Size
2,468 SF
Lot size
0.21 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric
Amenities
fenced yard
Building Details
Year built
1941
Floors in Building
2
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Verbode
(405) 757-7001
Listed By:
Gary Caplinger
(405) 694-8562
Added: Apr 18
Changed: Oct 7
Last Checked: Oct 7 at 8:06PM
MLS# 1223844
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.
Built in 1941, this 2,468-square-foot duplex contains two similarly arranged flats, each with two bedrooms and one bathroom. Interior details include hardwood flooring, mock fireplaces, and updated kitchens with walnut cabinetry and quartzite countertops. The upper flat has living-room built-ins and a private second-floor balcony. The lower unit received HVAC, ductwork, and a tankless water heater in 2024. A new roof and a fenced yard are also part of the property.
The 0.2135-acre property has four off-street parking spaces behind the building: two covered garage spaces and two uncovered spaces. It is in Historic Crown Heights, within walking distance of the Western Avenue District. The lower flat is leased through October, while the upper unit is vacant.
The 0.2135-acre property has four off-street parking spaces behind the building: two covered garage spaces and two uncovered spaces. It is in Historic Crown Heights, within walking distance of the Western Avenue District. The lower flat is leased through October, while the upper unit is vacant.
Key Highlights
- Two 2‑bedroom, 1‑bathroom flats in a 2,468‑square‑foot duplex
- Built in 1941 on a 0.2135‑acre property
- Upper unit includes a private second‑floor balcony and living‑room built‑ins
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching flats offer separate living spaces, with built-in shelving and private outdoor access upstairs.
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: Two 2‑bedroom, 1‑bathroom flats in a 2,468‑square‑foot duplex; Built in 1941 on a 0.2135‑acre property; Upper unit includes a private second‑floor balcony and living‑room built‑ins
