Duplex Near INTEGRIS Southwest Medical
For Sale
$159,900
5533 S Walker Ave, Oklahoma City, OK 73109
Two-unit residential property positioned near I-240, medical services, shopping, and Scissortail Park.
Property Size1,316 SF
Price / SF$121.50
Days on Market36
Property Features for 5533 S Walker Ave
General Information
Standard status
Active
Size
1,316 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1946
Listing Agency:
LRE Realty LLC
(405) 414-8750
Listed By:
Tara Levinson · License #145328
Source:
Oklahomerealestate
Added: Jul 25
Changed: Aug 28
Last Checked: Aug 28 at 1:09PM
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 LRE Realty LLC
Investment Insights
Based on property information with market context.
This duplex contains two residential units within a 1,316-square-foot property built in 1946. The layout spans both units and provides a straightforward configuration for residential occupancy.
The property is located at 5533 S Walker Ave in Oklahoma City, near I-240 and INTEGRIS Southwest Medical Center. Scissortail Park and major shopping areas are also within the surrounding area, adding access to established city amenities.
The property is located at 5533 S Walker Ave in Oklahoma City, near I-240 and INTEGRIS Southwest Medical Center. Scissortail Park and major shopping areas are also within the surrounding area, adding access to established city amenities.
Key Highlights
- Two‑unit duplex at 5533 S Walker Ave, Oklahoma City, OK 73109
- 1,316‑square‑foot property
- Built in 1946
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
$12,013
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
7.51%
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%
$240,260
$240.3K
Cap Rate 7%
$171,614
$171.6K
Cap Rate 9%
$133,478
$133.5K
Market Conditions
NOI Build-Up for 1,316 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
$18.2K $13.80/SF
− Vacancy
−$999 −$0.76/SF
EGI
$17.2K $13.04/SF
− OpEx
−$5.1K −$3.91/SF
NOI
$12.0K $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%
$240,260
Cap Rate 7%
$171,614
Cap Rate 9%
$133,478
Alternative Uses
Best Use
Multifamily LT 5
$171.6K
$150.2K – $200.2K
NOI $12,013 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$158.8K
$139.0K – $185.3K
NOI $11,116 @ 7.0% cap · market cap 6.95%
Theoretical Best
Specialty Retail
$450.1K
$393.8K – $525.1K
NOI $31,505 @ 7.0% cap · market cap 19.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 73109, OK
20,148
Population
8,344
Households
2.4
Avg Household Size
33
Median Age
7%
College-Educated
65%
High-School Grad
5.4 sq mi
ZIP Area
3,731
Density / Sq Mi
$40,944
Median Household Income
$28,370
Median Earnings
$851
Median Rent
$89,300
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-unit residential property positioned near I-240, medical services, shopping, and Scissortail Park.
Where is this duplex located?
The property is located at 5533 S Walker Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Two‑unit duplex at 5533 S Walker Ave, Oklahoma City, OK 73109; 1,316‑square‑foot property; Built in 1946
