Fully Leased
For Sale
$290,000
520 Peppertree Lane, Midwest City, OK 73110
Two three-bedroom, two-bath units each feature a private two-car garage and current occupancy.
Property Size2,200 SF
Days on Market13
Property Features for 520 Peppertree Lane
General Information
Standard status
Active
Size
2,200 SF
Total Parking Spaces
4
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$663
Building Details
Building Size
2,200 SF
Year Built
1984
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Luxe Sales & Management
(405) 816-6624
Listed By:
Crystal Caulk
(405) 816-6624
Source:
Capitalrealestateok
Added: Jul 31
Changed: Aug 9
Last Checked: Aug 11 at 2:25PM
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 duplex at 520 Peppertree Lane in Midwest City includes two separate residential units, each with three bedrooms, two bathrooms, and its own two-car garage. Both sides are occupied, providing a fully leased configuration for an owner seeking an income-producing residential property. The building was constructed in 1984, and a new roof was installed in 2026.
A second duplex at 517 & 519 Peppertree Lane is also available, creating an option to acquire both Peppertree Lane properties together.
A second duplex at 517 & 519 Peppertree Lane is also available, creating an option to acquire both Peppertree Lane properties together.
Key Highlights
- Both duplex units are occupied and fully leased
- Each side has 3 bedrooms and 2 bathrooms
- Two‑car garage included with each unit
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
$13,998
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
4.83%
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%
$279,960
$280.0K
Cap Rate 7%
$199,971
$200.0K
Cap Rate 9%
$155,533
$155.5K
Market Conditions
NOI Build-Up for 2,200 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
$28.2K $12.84/SF
− Vacancy
−$2.8K −$1.27/SF
EGI
$25.5K $11.57/SF
− OpEx
−$11.5K −$5.21/SF
NOI
$14.0K $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%
$279,960
Cap Rate 7%
$199,971
Cap Rate 9%
$155,533
Alternative Uses
Best Use
Apartment 5plus
$200.0K
$175.0K – $233.3K
NOI $13,998 @ 7.0% cap · market cap 4.83%
Second Best
Multifamily LT 5
$191.0K
$167.1K – $222.8K
NOI $13,367 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$458.2K
$400.9K – $534.6K
NOI $32,075 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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 three-bedroom, two-bath units each feature a private two-car garage and current occupancy.
Where is this duplex located?
The property is located at 520 Peppertree Lane Midwest City, OK.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Both duplex units are occupied and fully leased; Each side has 3 bedrooms and 2 bathrooms; Two‑car garage included with each unit
