Renovated Duplex with Two-Car
For Sale
$385,000
508 N Davis Avenue, Oklahoma City, OK 73127
Tenant-occupied duplex with two units, each featuring three bedrooms, 2.5 bathrooms, a two-car garage, and a backyard.
Property Size2,993 SF
Days on Market129
Property Features for 508 N Davis Avenue
General Information
Standard status
Active
Size
2,993 SF
Property subtype
Duplex
Building Details
Building Size
2,993 SF
Year Built
1978
Buildings
2
Tenancy
Multi
Listing Agency:
Copper Creek Real Estate
(918) 955-8266
Listed By:
Marcela Guerrero Garcia
Source:
Stetsonbentley
Added: Mar 30
Changed: Jul 31
Last Checked: Aug 5 at 4:14AM
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 Copper Creek Real Estate
Investment Insights
Based on property information with market context.
Renovated, income-producing duplex with two units sold together. The property is tenant occupied, with each unit offering three bedrooms and 2.5 bathrooms, plus a two-car garage and a spacious backyard. Built in 1978, the duplex has undergone an extensive, top-to-bottom renovation with permits and to city code.
Renovation items include a new roof (2022), new siding, windows, HVAC, electrical, plumbing, insulation, kitchens, bathrooms, and flooring, along with other improvements. Both addresses, 508 and 510 N Davis Avenue, are included in the sale.
For buyers seeking a duplex configuration with permitted renovations and an operational, tenant-occupied setup, this property provides a consistent unit layout across both units and practical exterior features such as garages and yard space. Buyer to verify all information, including schools, square footage, and other details.
Renovation items include a new roof (2022), new siding, windows, HVAC, electrical, plumbing, insulation, kitchens, bathrooms, and flooring, along with other improvements. Both addresses, 508 and 510 N Davis Avenue, are included in the sale.
For buyers seeking a duplex configuration with permitted renovations and an operational, tenant-occupied setup, this property provides a consistent unit layout across both units and practical exterior features such as garages and yard space. Buyer to verify all information, including schools, square footage, and other details.
Key Highlights
- Tenant‑occupied duplex sold as a two‑unit package, including 508 and 510 N Davis Avenue
- Each unit features three bedrooms and 2.5 bathrooms with a two‑car garage
- Spacious backyard included with each unit
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 | $41.3k | $13.80 |
| − Vacancy | −$2.3k | −$0.76 |
| EGI | $39.0k | $13.04 |
| − OpEx | −$11.7k | −$3.91 |
| NOI | $27.3k | $9.13 |
2,993 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$390.3K
$341.5K – $455.4K
NOI $27,322 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$361.2K
$316.0K – $421.4K
NOI $25,281 @ 7.0% cap · market cap 6.57%
Theoretical Best
Specialty Retail
$1.02M
$895.7K – $1.19M
NOI $71,652 @ 7.0% cap · market cap 18.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
Explore this area
Business Placement
Demographics for 73127, OK
27,007
Population
11,329
Households
2.4
Avg Household Size
32
Median Age
16%
College-Educated
76%
High-School Grad
11.3 sq mi
ZIP Area
2,390
Density / Sq Mi
$46,020
Median Household Income
$28,766
Median Earnings
$926
Median Rent
$139,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex with two units, each featuring three bedrooms, 2.5 bathrooms, a two-car garage, and a backyard.
Where is this duplex located?
The property is located at 508 N Davis Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Tenant‑occupied duplex sold as a two‑unit package, including 508 and 510 N Davis Avenue; Each unit features three bedrooms and 2.5 bathrooms with a two‑car garage; Spacious backyard included with each unit
