New-Construction
For Sale
$564,900
4617 S East Avenue, Oklahoma City, OK 73129
Both residences are leased on 12-month terms, with separate utility meters and tenant-paid utilities.
Property Size3,244 SF
Price / SF$174.14
Days on Market41
Property Features for 4617 S East Avenue
General Information
Standard status
Active
Size
3,244 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Gross Income
$46,200
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$235
Amenities
open-concept kitchen
quartz countertops
stainless steel farmhouse kitchen sinks
soft-close cabinetry
LVP flooring
wood stair treads
blinds
Whirlpool appliance package
security cameras
video doorbell
keypad lock
gutter system
cedar privacy fencing
rear patio with gas connection
Building Details
Building Size
3,244 SF
Year Built
2025
Buildings
1
Tenancy
Multi
Listing Agency:
Trinity Properties
Listed By:
Carri Ray · License #146052
(405) 463-1343
Source:
Crosstimbersrealty
Added: Sep 18
Changed: Oct 26
Last Checked: Oct 26 at 2:41PM
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 Trinity Properties
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Investment Insights
Based on property information with market context.
Completed in 2025, this 3,244-square-foot duplex contains two residences, each with three bedrooms, 2.5 bathrooms, and connected kitchen, dining, and living areas. Interior finishes include quartz countertops, soft-close cabinetry, stainless steel farmhouse sinks, and waterproof LVP flooring. Each residence comes with Whirlpool kitchen and laundry appliances, while wood stair treads and installed blinds are also included.
The property is in Oklahoma City, approximately 10 minutes from downtown. Both units are leased on 12-month terms, and tenants pay utilities through separately metered services.
Exterior and access features include driveway and backyard security cameras, video doorbells, keypad entry locks, a full gutter system, and cedar privacy fencing. Each residence also has a rear patio with a retractable hose and natural-gas connection for grilling.
The property is in Oklahoma City, approximately 10 minutes from downtown. Both units are leased on 12-month terms, and tenants pay utilities through separately metered services.
Exterior and access features include driveway and backyard security cameras, video doorbells, keypad entry locks, a full gutter system, and cedar privacy fencing. Each residence also has a rear patio with a retractable hose and natural-gas connection for grilling.
Key Highlights
- 2025 construction with 3,244 square feet across two residences
- Each unit has 3 bedrooms and 2.5 bathrooms
- Both units leased on 12‑month terms; tenants pay utilities, with separate meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,614
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,280
$592.3K
Cap Rate 7%
$423,057
$423.1K
Cap Rate 9%
$329,044
$329.0K
Market Conditions
NOI Build-Up for 3,244 SF
Gross rent
$44.8K $13.80/SF
− Vacancy
−$2.5K −$0.76/SF
EGI
$42.3K $13.04/SF
− OpEx
−$12.7K −$3.91/SF
NOI
$29.6K $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%
$592,280
Cap Rate 7%
$423,057
Cap Rate 9%
$329,044
Alternative Uses
Best Use
Multifamily LT 5
$423.1K
$370.2K – $493.6K
NOI $29,614 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$391.4K
$342.5K – $456.7K
NOI $27,401 @ 7.0% cap · market cap 4.85%
Theoretical Best
Specialty Retail
$1.11M
$970.8K – $1.29M
NOI $77,661 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
380
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased on 12-month terms, with separate utility meters and tenant-paid utilities.
Where is this duplex located?
The property is located at 4617 S East Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $564,900.
What are key features of this property?
This property features: 2025 construction with 3,244 square feet across two residences; Each unit has 3 bedrooms and 2.5 bathrooms; Both units leased on 12‑month terms; tenants pay utilities, with separate meters
