Duplex with Covered
For Sale
$224,000
6424 Masons Drive, Oklahoma City, OK 73142
Residential, Oklahoma City, OK
Property Size1,736 SF
Lot Size0.12 Acres
Price / SF$129.03
Days on Market112
Property Features for 6424 Masons Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3
Patio and Porch features
Patio, Porch
Exterior features
Patio-Covered, Covered Porch
Fireplace
1
Appliances
Dishwasher
Lot features
Interior Lot
Elementary school
Deer Creek ES
Middle school
Deer Creek MS
High school
Deer Creek HS
Elementary school district
Deer Creek
Middle school district
Deer Creek
High school district
Deer Creek
Directions
N Rockwell & 122nd, N to Westlake Blvd, E to T in road. Right on Westlake Blvd, on around to Masons Dr. Right & follow around to home on right side.
Standard status
Active
APN
6424NONEMasons73142
Size
1,736 SF
Lot size
0.12 Acres
Taxes and HOA fees
HOA Fee
$5,009 Annually
Utilities
Heating system
Natural Gas
Cooling system
Electric, Central Air
Amenities
pergola patio
Building Details
Year built
1995
Flooring type
Combo
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Your Home Sold Guaranteed-Kerr
(405) 412-3630
Listed By:
Patrick Moore
(405) 659-2126
Added: May 13
Changed: Aug 21
Last Checked: Sep 1 at 1:06PM
MLS# 1228826
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 1,736-square-foot duplex was built in 1995 on a 0.1212-acre lot. The residence includes three bedrooms and three bathrooms, with an open living, dining, and kitchen arrangement. Interior features include a bedroom with a half bath, wood flooring, a primary en-suite bathroom with a walk-in shower, and a walk-in closet. Brick-and-frame construction, a composition roof, natural gas heating, electric central air, and a fireplace complete the core improvements.
Outdoor features include a covered patio, porch, and pergola patio overlooking the backyard. The homeowners association maintains the landscaping and handles the exterior structure, roof, and exterior insurance. A dishwasher is included, and the property is located within the Deer Creek school district.
Outdoor features include a covered patio, porch, and pergola patio overlooking the backyard. The homeowners association maintains the landscaping and handles the exterior structure, roof, and exterior insurance. A dishwasher is included, and the property is located within the Deer Creek school district.
Key Highlights
- 1,736‑square‑foot duplex on a 0.1212‑acre lot
- Three bedrooms and three bathrooms
- HOA maintains landscaping, exterior structure, roof, and exterior insurance
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
$15,847
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
7.07%
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%
$316,940
$316.9K
Cap Rate 7%
$226,386
$226.4K
Cap Rate 9%
$176,078
$176.1K
Market Conditions
NOI Build-Up for 1,736 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
$24.0K $13.80/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$22.6K $13.04/SF
− OpEx
−$6.8K −$3.91/SF
NOI
$15.8K $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%
$316,940
Cap Rate 7%
$226,386
Cap Rate 9%
$176,078
Alternative Uses
Best Use
Multifamily LT 5
$226.4K
$198.1K – $264.1K
NOI $15,847 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$209.5K
$183.3K – $244.4K
NOI $14,663 @ 7.0% cap · market cap 6.55%
Theoretical Best
Specialty Retail
$593.7K
$519.5K – $692.7K
NOI $41,560 @ 7.0% cap · market cap 18.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Explore this area
Business Placement
Demographics for 73142, OK
16,461
Population
7,997
Households
2.1
Avg Household Size
37
Median Age
59%
College-Educated
97%
High-School Grad
7.8 sq mi
ZIP Area
2,110
Density / Sq Mi
$73,966
Median Household Income
$53,904
Median Earnings
$1,211
Median Rent
$344,600
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 - HOA-maintained exterior and landscaping support low-maintenance ownership with comfortable interior living spaces.
Where is this duplex located?
The property is located at 6424 Masons Drive Oklahoma City, OK.
What is the asking price?
The asking price for this property is $224,000.
What are key features of this property?
This property features: 1,736‑square‑foot duplex on a 0.1212‑acre lot; Three bedrooms and three bathrooms; HOA maintains landscaping, exterior structure, roof, and exterior insurance
