Renovated Tudor
For Sale
$433,700
527 NW 22nd Street Oklahoma, Oklahoma City, OK 73103
Two independent residences feature private entry, updated interiors, fireplaces, full kitchens, and in-unit laundry.
Property Size2,058 SF
Days on Market215
Property Features for 527 NW 22nd Street Oklahoma
General Information
Standard status
Active
Size
2,058 SF
Property subtype
Duplex
Amenities
Fireplace
Electric
Central Elec
Dishwasher
Disposal
Microwave
Refrigerator
Washer/Dryer
Shingle
Building Details
Building Size
2,058 SF
Year Built
1929
Stories
1
Listing Agency:
Verbode
Listed By:
Miles Mixon · License #158393
(405) 210-7649
Source:
Kw
Added: Jan 30
Changed: Sep 2
Last Checked: Sep 1 at 4:00PM
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 Verbode
Investment Insights
Based on property information with market context.
This 1929 Tudor duplex contains two self-contained one-bedroom, one-bath residences, each with its own entrance. Interior details include bright living rooms with fireplaces, tall ceilings, formal dining areas, breakfast spaces, and kitchens equipped with appliances. Bedrooms are positioned toward the rear of each unit, while washer and dryer hookups or equipment are provided within the residences.
Recent work includes updated plumbing and flooring, a new furnace, tankless water heaters, a replacement driveway, patio and fencing improvements, remodeled bathrooms, and new wood windows installed in 2022. The property also includes electric central HVAC, dishwashers, disposals, microwaves, refrigerators, and shingle roofing. Its location is 527 NW 22nd Street in Oklahoma City’s historic Mesta Park area.
Recent work includes updated plumbing and flooring, a new furnace, tankless water heaters, a replacement driveway, patio and fencing improvements, remodeled bathrooms, and new wood windows installed in 2022. The property also includes electric central HVAC, dishwashers, disposals, microwaves, refrigerators, and shingle roofing. Its location is 527 NW 22nd Street in Oklahoma City’s historic Mesta Park area.
Key Highlights
- Two 1bed/1bath units with separate private entrances
- 1929 Tudor duplex in historic Mesta Park
- Fireplaces and high ceilings in the living rooms
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
$18,787
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
4.33%
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%
$375,740
$375.7K
Cap Rate 7%
$268,386
$268.4K
Cap Rate 9%
$208,744
$208.7K
Market Conditions
NOI Build-Up for 2,058 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
$28.4K $13.80/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$26.8K $13.04/SF
− OpEx
−$8.1K −$3.91/SF
NOI
$18.8K $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 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%
$375,740
Cap Rate 7%
$268,386
Cap Rate 9%
$208,744
Alternative Uses
Best Use
Multifamily LT 5
$268.4K
$234.8K – $313.1K
NOI $18,787 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$248.3K
$217.3K – $289.7K
NOI $17,383 @ 7.0% cap · market cap 4.01%
Theoretical Best
Specialty Retail
$703.8K
$615.9K – $821.2K
NOI $49,269 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
Explore this area
Business Placement
Demographics for 73103, OK
5,046
Population
3,489
Households
1.4
Avg Household Size
34
Median Age
61%
College-Educated
99%
High-School Grad
1.2 sq mi
ZIP Area
4,205
Density / Sq Mi
$56,934
Median Household Income
$50,055
Median Earnings
$954
Median Rent
$400,400
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 independent residences feature private entry, updated interiors, fireplaces, full kitchens, and in-unit laundry.
Where is this duplex located?
The property is located at 527 NW 22nd Street Oklahoma Oklahoma City, OK.
What is the asking price?
The asking price for this property is $433,700.
What are key features of this property?
This property features: Two 1bed/1bath units with separate private entrances; 1929 Tudor duplex in historic Mesta Park; Fireplaces and high ceilings in the living rooms
