Renovated Tenant-Occupied
508 N Davis Avenue, Oklahoma City, OK 73127
For Sale
$385,000
Residential Income, Oklahoma City, OK
Property Size2,993 SF
Lot Size0.22 Acres
Price / SF$128.63
Days on Market228
Property Features for 508 N Davis Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Appliances
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Building Details
Year built
Floors in Building
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Copper Creek Real Estate
(405) 888-9902
Listed By:
Marcela Guerrero Garcia
(918) 955-8266
Added: Mar 30
Changed: Oct 30
Last Checked: Nov 12 at 7:06AM
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.
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Investment Insights
Based on property information with market context.
This duplex contains two units totaling 2,993 square feet, with each residence offering three bedrooms, 2.5 bathrooms, a two-car garage, and a spacious backyard. The property was originally built in 1978 and has brick-and-frame construction with a composition roof. Both units are included in the sale and are currently tenant occupied.
Renovation work addressed the roof, siding, windows, HVAC, electrical, plumbing, insulation, kitchens, bathrooms, and flooring. The roof was replaced in 2022, and the improvements were completed with permits and to city code. Dishwashers, microwaves, and refrigerators are included. The property occupies 0.2213 acres near shopping, dining, and everyday amenities.
Renovation work addressed the roof, siding, windows, HVAC, electrical, plumbing, insulation, kitchens, bathrooms, and flooring. The roof was replaced in 2022, and the improvements were completed with permits and to city code. Dishwashers, microwaves, and refrigerators are included. The property occupies 0.2213 acres near shopping, dining, and everyday amenities.
Key Highlights
- Two‑unit duplex totaling 2,993 square feet
- Each unit includes 3 bedrooms, 2.5 bathrooms, a 2‑car garage, and a spacious backyard
- Both units included in the sale and currently tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,322
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,440
$546.4K
Cap Rate 7%
$390,314
$390.3K
Cap Rate 9%
$303,578
$303.6K
Market Conditions
NOI Build-Up for 2,993 SF
Gross rent
$41.3K $13.80/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$39.0K $13.04/SF
− OpEx
−$11.7K −$3.91/SF
NOI
$27.3K $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 Rate 5%
$546,440
Cap Rate 7%
$390,314
Cap Rate 9%
$303,578
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
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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
$139,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Oklahoma City, OK
Properties on Market for Duplexes in Oklahoma City
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units include private garages, updated interiors, and backyard space.
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 totaling 2,993 square feet; Each unit includes 3 bedrooms, 2.5 bathrooms, a 2‑car garage, and a spacious backyard; Both units included in the sale and currently tenant occupied
