Duplex with Updated
For Sale
$149,901
427 SE 17th Street, Oklahoma City, OK 73129
Residential Income, Oklahoma City, OK
Property Size1,326 SF
Lot Size0.24 Acres
Price / SF$113.05
Days on Market94
Property Features for 427 SE 17th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1
Parking
4
Appliances
Refrigerator, Water Heater
Lot features
Interior Lot
Elementary school
Cesar Chavez ES
Middle school
Capitol Hill MS
High school
Capitol Hill HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
South on Shields to 15th East to Byers South to 17th and West to Property
Standard status
Active
APN
427SE17th73129
Size
1,326 SF
Lot size
0.24 Acres
Utilities
Cooling system
Window Unit(s)
Amenities
backyard
Building Details
Year built
1983
Floors in Building
1
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Bungalow
Listing Agency:
Whittington Realty
(405) 703-4100
Listed By:
Victory Reneau Razavi · License #176217
(405) 816-1021
Added: Jul 15
Changed: Oct 6
Last Checked: Oct 16 at 8:06PM
MLS# 1239465
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.
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Investment Insights
Based on property information with market context.
This 1983 bungalow-style duplex contains 1,326 square feet across two residences: a one-bedroom, one-bathroom unit and a two-bedroom, two-bathroom unit. The property sits on .241 acres and has brick-and-frame construction. Improvements include foundation work, sewer and plumbing upgrades, electrical improvements, and repairs to drywall and a toilet. One residence has refreshed paint and other updates; a refrigerator is included, and the units use window air conditioners. The water heaters date to 2016 and 2017.
Both units have month-to-month tenants who have expressed interest in staying. The property is south of downtown Oklahoma City and Scissortail Park. Unit B showings are limited to Tuesdays and Thursdays.
Both units have month-to-month tenants who have expressed interest in staying. The property is south of downtown Oklahoma City and Scissortail Park. Unit B showings are limited to Tuesdays and Thursdays.
Key Highlights
- Two residences: one bedroom and one bathroom in Unit A; two bedrooms and two bathrooms in Unit B
- 1,326 square feet on .241 acres
- Foundation, 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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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Explore this area
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
Check the figures for this property
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 - Separate one-bedroom and two-bedroom residences provide a straightforward rental configuration.
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 $149,901.
What are key features of this property?
This property features: Two residences: one bedroom and one bathroom in Unit A; two bedrooms and two bathrooms in Unit B; 1,326 square feet on .241 acres; Foundation, sewer, plumbing, and electrical improvements
