Full Duplex Residential Income
427 SE 17th Street Oklahoma City, OK 73129
New
427 SE 17th Street, Oklahoma City, OK, 73129
$149,900
For Sale
$149,900
MULTI_FAMILY - Bungalow - Oklahoma City, OK
Property Size1,326 SF
Lot Size0.24 Acres
Price / SF$113.05
Days on Market2
Property Features for 427 SE 17th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2
- 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
Listing Agency
Whittington Realty
(405) 703-4100
26 SW 104th, Oklahoma City, OK
Listed by
Victory Reneau Razavi · License #176217
(405) 816-1021
Added: Jul 15 Checked: Jul 16 at 10:06 pm
MLS# 1239465
Listing URL
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.
This full duplex residential income property includes two units with a total of three bedrooms and three bathrooms. Both units are currently leased month-to-month, and the tenants wish to stay. The property also features a large backyard.
Recent updates include foundation repair, sewer line and plumbing improvements, electrical upgrades, and interior repairs such as new drywall, a new toilet, and a brand-new refrigerator in one unit. Additional improvements include window units and hot water heaters dated 2016 and 2017.
One unit has been updated with fresh paint and modern touches. Showings for Unit B are limited to Tuesdays and Thursdays only; please do not disturb tenants.
Recent updates include foundation repair, sewer line and plumbing improvements, electrical upgrades, and interior repairs such as new drywall, a new toilet, and a brand-new refrigerator in one unit. Additional improvements include window units and hot water heaters dated 2016 and 2017.
One unit has been updated with fresh paint and modern touches. Showings for Unit B are limited to Tuesdays and Thursdays only; please do not disturb tenants.
Key Highlights
- Full duplex built in 1983 with brick & frame construction and composition roof
- Unit A: 1 bed, 1 bath leased month‑to‑month at $600/month (tenant wishes to stay)
- Unit B: 2 bed, 2 bath leased month‑to‑month at $660/month (tenant wishes to stay)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Full duplex offers two separate units with a total of three bedrooms and three bathrooms on one lot.
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 with brick & frame construction and composition roof; Unit A: 1 bed, 1 bath leased month‑to‑month at $600/month (tenant wishes to stay); Unit B: 2 bed, 2 bath leased month‑to‑month at $660/month (tenant wishes to stay)
