Updated Duplex with Large
For Sale
$149,900
427 SE 17th St, Oklahoma City, OK 73129
Full duplex with flexible unit mix, recent systems work, and outdoor space near Downtown Oklahoma City.
Property Size1,326 SF
Price / SF$113.05
Days on Market61
Property Features for 427 SE 17th St
General Information
Standard status
Active
Size
1,326 SF
Property subtype
Multi-Family
Occupancy
100%
Financials
Gross Income
$15,120
Average Monthly Rent
$630
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/2BA
Multifamily Units
2
Amenities
large backyard
Building Details
Year Built
1983
Buildings
1
Tenancy
Multi
Listing Agency:
Whittington Realty
Listed By:
Victory Reneau Razavi · License #176217
(405) 816-1021
Source:
Bktoklahomacity
Added: Aug 17
Changed: Sep 11
Last Checked: Oct 7 at 4:29PM
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 Whittington Realty
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Investment Insights
Based on property information with market context.
This 1,326-square-foot duplex, built in 1983, contains two separately configured units totaling three bedrooms and three bathrooms. Unit A offers one bedroom and one bathroom, while Unit B provides two bedrooms and two bathrooms. The property includes a large backyard and recent improvements involving the foundation, sewer line, plumbing, electrical system, drywall, and a toilet. One unit also has updated finishes and a new refrigerator. Window units are one year old, and the water heaters date to 2016 and 2017.
The property is located minutes south of Downtown Oklahoma City and Scissortail Park. Both units are leased month-to-month, and the current occupants have expressed a desire to remain. The existing configuration supports separate residential use for each side, with one unit offering a smaller footprint and the other providing additional bedrooms and bathrooms.
The property is located minutes south of Downtown Oklahoma City and Scissortail Park. Both units are leased month-to-month, and the current occupants have expressed a desire to remain. The existing configuration supports separate residential use for each side, with one unit offering a smaller footprint and the other providing additional bedrooms and bathrooms.
Key Highlights
- Full duplex with 1,326 SF and a 3‑bedroom, 3‑bathroom total configuration
- Unit A: 1 bedroom and 1 bathroom; Unit B: 2 bedrooms and 2 bathrooms
- Foundation repair plus sewer, plumbing, and electrical improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,105
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,100
$242.1K
Cap Rate 7%
$172,929
$172.9K
Cap Rate 9%
$134,500
$134.5K
Market Conditions
NOI Build-Up for 1,326 SF
Gross rent
$18.3K $13.80/SF
− Vacancy
−$1.0K −$0.76/SF
EGI
$17.3K $13.04/SF
− OpEx
−$5.2K −$3.91/SF
NOI
$12.1K $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%
$242,100
Cap Rate 7%
$172,929
Cap Rate 9%
$134,500
Alternative Uses
Best Use
Multifamily LT 5
$172.9K
$151.3K – $201.8K
NOI $12,105 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$160.0K
$140.0K – $186.7K
NOI $11,200 @ 7.0% cap · market cap 7.47%
Theoretical Best
Specialty Retail
$453.5K
$396.8K – $529.1K
NOI $31,744 @ 7.0% cap · market cap 21.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
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Business Placement
Demographics for 73129, OK
19,971
Population
7,569
Households
2.6
Avg Household Size
31
Median Age
6%
College-Educated
67%
High-School Grad
12.5 sq mi
ZIP Area
1,598
Density / Sq Mi
$43,941
Median Household Income
$28,481
Median Earnings
$914
Median Rent
$76,400
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
Frequently Asked Questions
What type of property is this?
Duplex - Full duplex with flexible unit mix, recent systems work, and outdoor space near Downtown Oklahoma City.
Where is this duplex located?
The property is located at 427 SE 17th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Full duplex with 1,326 SF and a 3‑bedroom, 3‑bathroom total configuration; Unit A: 1 bedroom and 1 bathroom; Unit B: 2 bedrooms and 2 bathrooms; Foundation repair plus sewer, plumbing, and electrical improvements
