Gated Two-Bedroom
For Sale
$225,000
4414 NW 32nd Place, Oklahoma City, OK 73112
Residential, Oklahoma City, OK
Property Size1,454 SF
Lot Size0.07 Acres
Price / SF$154.75
Days on Market57
Property Features for 4414 NW 32nd Place
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1
Patio and Porch features
Patio
Exterior features
Patio - Open
Fireplace
1
Lot features
Corner Lot, Cul-De-Sac, Interior Lot
Elementary school
Windsor Hills ES
Middle school
Mayfield MS
High school
Putnam City West HS
Elementary school district
Putnam City
Middle school district
Putnam City
High school district
Putnam City
Directions
From NW 39th Expressway, head north on N Meridian Avenue. Turn right (east) onto NW 32nd Place. Continue to 4414 NW 32nd Place. The property will be on your right.
Standard status
Active
APN
4414NW32nd73112
Size
1,454 SF
Lot size
0.07 Acres
Taxes and HOA fees
HOA Fee
$1,800 Annually
Utilities
Heating system
Natural Gas
Cooling system
Electric, Central Air
Amenities
community swimming pool
gated community
Building Details
Year built
2005
Building materials
Brick, Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Metro First Realty of Edmond
(405) 906-3330
Listed By:
Derrick Bowen
(405) 863-5350
Added: Jun 27
Changed: Aug 21
Last Checked: Aug 22 at 5:06PM
MLS# 1236712
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 1,454-square-foot half-duplex in Oklahoma City offers two bedrooms, two full bathrooms, and an additional front room suited to office, study, or sitting use. The interior includes a granite-counter kitchen with generous work surfaces, along with brick and frame construction, a composition roof, natural gas heat, central electric air conditioning, and a fireplace. Built in 2005, the property also includes an open patio and occupies a 0.0689-acre lot.
The residence is within a gated community with HOA-provided lawn care and access to a shared swimming pool. Its Oklahoma City location is identified by postal code 73112. The combination of a flexible floor plan, manageable outdoor upkeep, and community amenities supports a practical duplex ownership profile.
The residence is within a gated community with HOA-provided lawn care and access to a shared swimming pool. Its Oklahoma City location is identified by postal code 73112. The combination of a flexible floor plan, manageable outdoor upkeep, and community amenities supports a practical duplex ownership profile.
Key Highlights
- 1,454 square feet with 2 bedrooms and 2 full bathrooms
- Additional front room for office, study, or sitting use
- Gated community with HOA‑provided lawn care
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,273
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$265,460
$265.5K
Cap Rate 7%
$189,614
$189.6K
Cap Rate 9%
$147,478
$147.5K
Market Conditions
NOI Build-Up for 1,454 SF
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.
Gross rent
$20.1K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$19.0K $13.04/SF
− OpEx
−$5.7K −$3.91/SF
NOI
$13.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$265,460
Cap Rate 7%
$189,614
Cap Rate 9%
$147,478
Alternative Uses
Best Use
Multifamily LT 5
$189.6K
$165.9K – $221.2K
NOI $13,273 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$175.4K
$153.5K – $204.7K
NOI $12,281 @ 7.0% cap · market cap 5.46%
Theoretical Best
Specialty Retail
$497.3K
$435.1K – $580.2K
NOI $34,809 @ 7.0% cap · market cap 15.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Explore this area
Business Placement
Demographics for 73112, OK
31,113
Population
16,413
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
7.6 sq mi
ZIP Area
4,094
Density / Sq Mi
$57,833
Median Household Income
$39,641
Median Earnings
$1,030
Median Rent
$173,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Brick-and-frame residence with two full baths, granite kitchen counters, and HOA-managed lawn care.
Where is this duplex located?
The property is located at 4414 NW 32nd Place Oklahoma City, OK.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,454 square feet with 2 bedrooms and 2 full bathrooms; Additional front room for office, study, or sitting use; Gated community with HOA‑provided lawn care
