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Income-Producing Duplex Near Downtown OKC

427 SE 17th Street, Oklahoma City, OK 73129

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For Sale

$149,900

MULTI_FAMILY - Bungalow - Oklahoma City, OK

Property size:

1,326 SF

Lot size:

0.24 Acres

Price / SF:

$113/SF

We can help!

Contact an agent

Victory Reneau Razavi

Real Estate License ID: 176217

HighLights

Full duplex built in 1983 (brick & frame) with a total of 3 bedrooms and 3 bathrooms
Unit A: 1 bed / 1 bath leased month‑to‑month at $600/month; both tenants wish to stay
Unit B: 2 bed / 2 bath leased month‑to‑month at $660/month; showings Tuesdays and Thursdays only
Recent updates include foundation repair, sewer line and plumbing improvements, electrical upgrades, and drywall repairs
Appliances include refrigerators (brand‑new in one unit) and water heaters installed in 2016 & 2017
Cooling includes window unit(s); roof is composition

For Sale

$149,900

MULTI_FAMILY - Bungalow - Oklahoma City, OK

Property size:

1,326 SF

Lot size:

0.24 Acres

Price / SF:

$113/SF

Added:: Jan 12, 2026
Days on Market:: 176
Last Refresh:: Jul 7 at 6:06 am

Property Features for 427 SE 17th Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 3
Bathrooms: 3
Rooms: Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 3
Parking: 4
Appliances: Refrigerator, Water Heater
Standard status: Active
APN: 427SE17th73129
Size: 1,326 SF
Lot size: 0.24 Acres

Utilities

Cooling system: Window Unit(s)

Building Details

Year built: 1983
Floors in Building: 1
Building materials: Brick & Frame
Roof type: Composition
Architectural style: Bungalow

We can help!

Contact an agent

Victory Reneau Razavi

Listing agent Victory Reneau Razavi License #176217

Listing office Whittington Realty 26 SW 104th, Oklahoma City, OK

Listing date Jan 12, 2026

MLS# 1209474 Listing URL

HighLights

Full duplex built in 1983 (brick & frame) with a total of 3 bedrooms and 3 bathrooms
Unit A: 1 bed / 1 bath leased month‑to‑month at $600/month; both tenants wish to stay
Unit B: 2 bed / 2 bath leased month‑to‑month at $660/month; showings Tuesdays and Thursdays only
Recent updates include foundation repair, sewer line and plumbing improvements, electrical upgrades, and drywall repairs
Appliances include refrigerators (brand‑new in one unit) and water heaters installed in 2016 & 2017
Cooling includes window unit(s); roof is composition

Overview

This income-producing full duplex is located minutes south of Downtown Oklahoma City and Scissortail Park. The property features a total of 3 bedrooms and 3 bathrooms across two units, offering current cash flow and value-add potential. The duplex includes a large backyard. Unit A has 1 bedroom and 1 bathroom and is leased month-to-month at $600 per month. Unit B has 2 bedrooms and 2 bathrooms and is leased month-to-month at $660 per month. Both tenants wish to stay. Current rents are below market, with potential to increase to $700 for Unit A and $850 for Unit B. One unit has been updated with fresh paint and modern touches. Recent updates include foundation repair, sewer line and plumbing improvements, electrical upgrades, new toilet and drywall repairs, and a new refrigerator in one unit. The property also features window units that are one year old and hot water heaters from 2016 and 2017. The property size is 1326 square feet and the lot size is 0.241 acres. This property is an opportunity for investors seeking cash flow, portfolio expansion, or development in a rapidly growing area.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$18.3k	$13.80
− Vacancy	−$1.0k	−$0.76
EGI	$17.3k	$13.04
− OpEx	−$5.2k	−$3.91
NOI	$12.1k	$9.13

1,326 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$172.9K

$151.3K – $201.8K (±1% cap)

NOI $12,105 @ 7.0% cap · market cap 8.08%

Second Best

Apartment 5plus

$160.0K

$140.0K – $186.7K (±1% cap)

NOI $11,200 @ 7.0% cap · market cap 7.47%

Theoretical Best

Specialty Retail

$453.5K

$396.8K – $529.1K (±1% cap)

NOI $31,744 @ 7.0% cap · market cap 21.18%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Oklahoma City
County: Cleveland
State: Oklahoma
Longitude: -97.503982
Latitude: 35.448077

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For sale
Duplexes
OK
Oklahoma City
73129
427 SE 17th Street

What type of property is this?

Duplex - Full duplex with cash flow and value-add potential.

Where is this duplex located?

The property is located at 427 SE 17th Street 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 built in 1983 (brick & frame) with a total of 3 bedrooms and 3 bathrooms; Unit A: 1 bed / 1 bath leased month‑to‑month at $600/month; both tenants wish to stay; Unit B: 2 bed / 2 bath leased month‑to‑month at $660/month; showings Tuesdays and Thursdays only

427 SE 17th Street, Oklahoma City, OK 73129

MULTI_FAMILY - Bungalow - Oklahoma City, OK

Property Features for 427 SE 17th Street

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Two-Building Multi-Suite Office Property

Medical Office and School Facility

Corner Medical Office Suites Portfolio

Versatile Commercial Property, Oklahoma City

Turn-Key Medical Office Opportunity

Liquor Store and Retail Property

Turnkey Craftsman Office Building

Remodeled Live-Work Office

Office Building with Multiple Suites

Commercial Storefront Property

Heated Garage with Office Space

Medical Office Building with Storm Shelter

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