Updated 8-Bedroom
New
For Sale
$340,000
528 Westwood Court, Oklahoma City, OK 73127
Residential Income, Oklahoma City, OK
Property Size3,074 SF
Lot Size0.28 Acres
Price / SF$110.61
Days on Market3
Property Features for 528 Westwood Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bathrooms
8
Full bathrooms
6
Half bathrooms
2
Rooms
Bathroom 5, Bathroom 8, Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 7, Bathroom 3, Bathroom 6
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
Standard status
Active
APN
528NONEWestwood73127
Size
3,074 SF
Lot size
0.28 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric
Building Details
Year built
1979
Floors in Building
2
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
OK Flat Fee Realty
(405) 759-8448
Listed By:
Chance Daggs · License #177744
(405) 517-0094
Added: Sep 5
Changed: Sep 6
Last Checked: Sep 7 at 8:06AM
MLS# 1247958
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.
This duplex contains 3,074 square feet with 8 bedrooms and 5 bathrooms across two units. Each side provides 4 bedrooms, 2.5 bathrooms, living space, an updated kitchen and bathroom, contemporary flooring and fixtures, oversized bedrooms, and a private fenced backyard. The property was built in 1979 with brick and frame construction, a composition roof, natural gas heating, and electric cooling.
Both units are currently vacant, providing flexibility for new occupancy arrangements. The property sits on a 0.2834-acre lot at 528 Westwood Court in Oklahoma City, Oklahoma, within an established neighborhood and on a cul-de-sac. Shopping, dining, schools, and major highways are described as conveniently accessible. Each unit was previously rented for $1,550 per month.
Both units are currently vacant, providing flexibility for new occupancy arrangements. The property sits on a 0.2834-acre lot at 528 Westwood Court in Oklahoma City, Oklahoma, within an established neighborhood and on a cul-de-sac. Shopping, dining, schools, and major highways are described as conveniently accessible. Each unit was previously rented for $1,550 per month.
Key Highlights
- Two‑unit duplex with 3,074 square feet
- 8 bedrooms and 5 bathrooms total; each unit has 4 bedrooms and 2.5 bathrooms
- Both units are fully vacant and recently updated
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
$28,062
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
8.25%
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%
$561,240
$561.2K
Cap Rate 7%
$400,886
$400.9K
Cap Rate 9%
$311,800
$311.8K
Market Conditions
NOI Build-Up for 3,074 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
$42.4K $13.80/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$40.1K $13.04/SF
− OpEx
−$12.0K −$3.91/SF
NOI
$28.1K $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%
$561,240
Cap Rate 7%
$400,886
Cap Rate 9%
$311,800
Alternative Uses
Best Use
Multifamily LT 5
$400.9K
$350.8K – $467.7K
NOI $28,062 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$370.9K
$324.6K – $432.8K
NOI $25,965 @ 7.0% cap · market cap 7.64%
Theoretical Best
Specialty Retail
$1.05M
$919.9K – $1.23M
NOI $73,592 @ 7.0% cap · market cap 21.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
289
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property with refreshed interiors, private fenced yards, and flexible residential income use.
Where is this duplex located?
The property is located at 528 Westwood Court Oklahoma City, OK.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,074 square feet; 8 bedrooms and 5 bathrooms total; each unit has 4 bedrooms and 2.5 bathrooms; Both units are fully vacant and recently updated
