Occupied Duplex with Updated
For Sale
$270,000
517 Peppertree Lane, Midwest City, OK 73110
Two occupied residences offer distinct layouts suited to household living or rental use.
Property Size1,963 SF
Days on Market23
Property Features for 517 Peppertree Lane
General Information
Standard status
Active
Size
1,963 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,472
Building Details
Building Size
1,963 SF
Year Built
1984
Buildings
1
Listing Agency:
Luxe Sales & Management
(405) 816-6624
Listed By:
Crystal Caulk
Source:
Stetsonbentley
Added: Jul 31
Changed: Aug 21
Last Checked: Aug 22 at 11:35AM
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 Luxe Sales & Management
Investment Insights
Based on property information with market context.
This occupied duplex contains two separate residences with complementary layouts. The 517 side includes three bedrooms and two bathrooms, while 519 provides two bedrooms and two bathrooms. Built in 1984, the property supports both multi-generational living and income-producing use, with the two sides currently occupied. The 519 interior received updates within the last two years, and a new roof was installed in 2026.
The property is located at 517 Peppertree Lane in Midwest City, Oklahoma, with the associated 519 address included in the duplex configuration. A second duplex at 520 & 522 Peppertree Lane is also offered for sale, creating the possibility of a combined acquisition.
The property is located at 517 Peppertree Lane in Midwest City, Oklahoma, with the associated 519 address included in the duplex configuration. A second duplex at 520 & 522 Peppertree Lane is also offered for sale, creating the possibility of a combined acquisition.
Key Highlights
- Two‑unit duplex at 517 & 519 Peppertree Lane
- 517 side has 3 bedrooms and 2 bathrooms
- 519 side has 2 bedrooms and 2 bathrooms
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
$12,490
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
4.63%
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%
$249,800
$249.8K
Cap Rate 7%
$178,429
$178.4K
Cap Rate 9%
$138,778
$138.8K
Market Conditions
NOI Build-Up for 1,963 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
$25.2K $12.84/SF
− Vacancy
−$2.5K −$1.27/SF
EGI
$22.7K $11.57/SF
− OpEx
−$10.2K −$5.21/SF
NOI
$12.5K $6.36/SF
Area
Oklahoma County, OK
Vacancy
9.90%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
45.00%
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%
$249,800
Cap Rate 7%
$178,429
Cap Rate 9%
$138,778
Alternative Uses
Best Use
Apartment 5plus
$178.4K
$156.1K – $208.2K
NOI $12,490 @ 7.0% cap · market cap 4.63%
Second Best
Multifamily LT 5
$170.4K
$149.1K – $198.8K
NOI $11,927 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$408.9K
$357.8K – $477.0K
NOI $28,620 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
Business Placement
Demographics for 73110, OK
33,156
Population
15,826
Households
2.1
Avg Household Size
35
Median Age
20%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,436
Median Household Income
$35,043
Median Earnings
$1,007
Median Rent
$119,900
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 - Two occupied residences offer distinct layouts suited to household living or rental use.
Where is this duplex located?
The property is located at 517 Peppertree Lane Midwest City, OK.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Two‑unit duplex at 517 & 519 Peppertree Lane; 517 side has 3 bedrooms and 2 bathrooms; 519 side has 2 bedrooms and 2 bathrooms
