Fully Renovated Duplex Investment
For Sale
$385,000
508 N Davis Avenue, Oklahoma City, OK 73127
MULTI_FAMILY - Other - Oklahoma City, OK
Property Size2,993 SF
Lot Size0.22 Acres
Price / SF$128.63
Days on Market129
Property Features for 508 N Davis Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 6, Bathroom 5, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 4, Bathroom 2
Parking
2
Appliances
Dishwasher, Microwave, Refrigerator
Lot features
Interior Lot
Elementary school
Council Grove ES
Middle school
Western Heights MS
High school
Western Heights HS
Elementary school district
Western Heights
Middle school district
Western Heights
High school district
Western Heights
Directions
From Council Rd, turn right onto Melrose Lane, then right onto N. Davis. Property will be on the right-hand side.
Standard status
Active
APN
508NDavis73127
Size
2,993 SF
Lot size
0.22 Acres
Building Details
Year built
1978
Floors in Building
2
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Copper Creek Real Estate
(405) 888-9902
Listed By:
Marcela Guerrero Garcia
(918) 955-8266
Added: Mar 30
Changed: Aug 5
Last Checked: Aug 5 at 7:06PM
MLS# 1220905
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.
Fully renovated, tenant-occupied duplex consisting of two units sold together: 508 and 510 N Davis Avenue. The property was built in 1978 and is constructed with brick and frame materials, with a composition roof. Each unit offers three bedrooms and 2.5 bathrooms, along with a 2-car garage and a spacious backyard.
Renovations were completed top to bottom with permits and to city code, including a new roof in 2022, siding, windows, HVAC, electrical, plumbing, insulation, kitchens, bathrooms, and flooring. Common in-unit appliances include a dishwasher, microwave, and refrigerator.
The lot is 0.2213 acres, and the property size is 2,993 square feet. This duplex is presented as an income-producing investment with both units currently occupied.
Renovations were completed top to bottom with permits and to city code, including a new roof in 2022, siding, windows, HVAC, electrical, plumbing, insulation, kitchens, bathrooms, and flooring. Common in-unit appliances include a dishwasher, microwave, and refrigerator.
The lot is 0.2213 acres, and the property size is 2,993 square feet. This duplex is presented as an income-producing investment with both units currently occupied.
Key Highlights
- Two‑unit duplex sold together: 508 and 510 N Davis Avenue, tenant occupied
- Top‑to‑bottom permitted renovation to city code, including new roof (2022)
- Each unit features three bedrooms and 2.5 bathrooms plus a 2‑car garage
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
Property Profile
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, fully renovated duplex with two 3-bedroom units, 2.5 baths each, 2-car garages, and spacious backyards.
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: Two‑unit duplex sold together: 508 and 510 N Davis Avenue, tenant occupied; Top‑to‑bottom permitted renovation to city code, including new roof (2022); Each unit features three bedrooms and 2.5 bathrooms plus a 2‑car garage
