Updated Duplex with
New
For Sale
$160,000
605 NW 121st Terrace, Oklahoma City, OK 73114
Residential, Oklahoma City, OK
Property Size1,205 SF
Lot Size0.15 Acres
Price / SF$132.78
Days on Market3
Property Features for 605 NW 121st Terrace
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Combo Woodwork
Fireplace
1
Appliances
Dishwasher, Water Heater
Lot features
Interior Lot
Elementary school
Britton ES
Middle school
John Marshall MS
High school
John Marshall HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
From Broadway Extension (I-235) and NW 122nd St. Go West on NW 122nd St. Turn South on Chisholm Village Dr - turn East on NW 121st TER. Home is on the North side.
Standard status
Active
APN
605NW121st73114
Size
1,205 SF
Lot size
0.15 Acres
Utilities
Utilities
Cable Available
Heating system
Natural Gas
Cooling system
Electric
Amenities
fireplace
patio
fenced backyard
Building Details
Year built
1984
Flooring type
Laminate, Carpet
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Summit · Keller Williams Realty
(405) 691-2556
Listed By:
Maleah Finucane · License #144707
(405) 664-3821
Added: Oct 4
Changed: Oct 5
Last Checked: Oct 6 at 10:06AM
MLS# 1252228
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 1,205-square-foot duplex, built in 1984, has two bedrooms, two bathrooms, a vaulted living area, and a fireplace. The living space connects with the dining and kitchen areas. Kitchen appliances have been replaced, and the interior has new flooring and fresh paint; the exterior has also been repainted. The home has brick and frame construction, carpet and laminate flooring, natural gas heat, and electric cooling.
A patio opens to a fenced backyard on a 0.1472-acre lot. Major improvements include a roof replaced in 2026, HVAC replaced in 2025, and a water heater replaced in 2017.
A patio opens to a fenced backyard on a 0.1472-acre lot. Major improvements include a roof replaced in 2026, HVAC replaced in 2025, and a water heater replaced in 2017.
Key Highlights
- 2 bedrooms and 2 bathrooms
- 1,205 square feet on a 0.1472‑acre lot
- Roof replaced in 2026; HVAC replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,000
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,000
$220.0K
Cap Rate 7%
$157,143
$157.1K
Cap Rate 9%
$122,222
$122.2K
Market Conditions
NOI Build-Up for 1,205 SF
Gross rent
$16.6K $13.80/SF
− Vacancy
−$915 −$0.76/SF
EGI
$15.7K $13.04/SF
− OpEx
−$4.7K −$3.91/SF
NOI
$11.0K $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 Rate 5%
$220,000
Cap Rate 7%
$157,143
Cap Rate 9%
$122,222
Alternative Uses
Best Use
Multifamily LT 5
$157.1K
$137.5K – $183.3K
NOI $11,000 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$145.4K
$127.2K – $169.6K
NOI $10,178 @ 7.0% cap · market cap 6.36%
Theoretical Best
Specialty Retail
$412.1K
$360.6K – $480.8K
NOI $28,848 @ 7.0% cap · market cap 18.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 73114, OK
18,694
Population
9,311
Households
2
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
9.5 sq mi
ZIP Area
1,968
Density / Sq Mi
$52,592
Median Household Income
$35,931
Median Earnings
$1,135
Median Rent
$134,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Interior and exterior paint, flooring, appliances, roof, HVAC, and water heater have been updated.
Where is this duplex located?
The property is located at 605 NW 121st Terrace Oklahoma City, OK.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 2 bedrooms and 2 bathrooms; 1,205 square feet on a 0.1472‑acre lot; Roof replaced in 2026; HVAC replaced in 2025
