Duplex with Private
New
For Sale
$400,000
6719 Lyrewood Lane, Oklahoma City, OK 73132
Residential Income, Oklahoma City, OK
Property Size2,458 SF
Lot Size0.11 Acres
Price / SF$162.73
Days on Market4
Property Features for 6719 Lyrewood Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 3, Bedroom 5, Bathroom 4, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Parking
4
Appliances
Dishwasher, Disposal, Microwave
Lot features
Corner Lot
Elementary school
Tulakes ES
Middle school
Cooper MS
High school
Putnam City HS
Elementary school district
Putnam City
Middle school district
Putnam City
High school district
Putnam City
Directions
Go East on nw 63rd from rockwell. Turn left on Lyrewood Ln. Turn left on Lyrewood Court. Turn left into the alleyway. Parking and garage is in alley. Unit# is 6719
Standard status
Active
APN
6719NONELyrewood73132
Size
2,458 SF
Lot size
0.11 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric
Building Details
Year built
2020
Floors in Building
2
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
RE/MAX at Home · RE/MAX International
(405) 708-6691
Listed By:
Mark Malone
(405) 550-2623
Added: Sep 24
Last Checked: Sep 27 at 12:06PM
MLS# 1250423
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 2020-built duplex contains 2,458 square feet on a 0.1086-acre lot in Oklahoma City. Each unit has three bedrooms, two bathrooms, and a two-car garage. Interior finishes include granite countertops, stainless steel appliances, and tile flooring in the living areas. The building has brick and frame construction with a composition roof.
Dishwasher, disposal, and microwave appliances are included in each unit. Heating is natural gas, and cooling is electric. The property is near shopping and entertainment in Northwest Oklahoma City.
Dishwasher, disposal, and microwave appliances are included in each unit. Heating is natural gas, and cooling is electric. The property is near shopping and entertainment in Northwest Oklahoma City.
Key Highlights
- Two‑unit duplex built in 2020
- 2,458 square feet on a 0.1086‑acre lot
- Each unit has 3 bedrooms, 2 bathrooms, and a 2‑car garage
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
$22,438
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
5.61%
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%
$448,760
$448.8K
Cap Rate 7%
$320,543
$320.5K
Cap Rate 9%
$249,311
$249.3K
Market Conditions
NOI Build-Up for 2,458 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
$33.9K $13.80/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$32.1K $13.04/SF
− OpEx
−$9.6K −$3.91/SF
NOI
$22.4K $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%
$448,760
Cap Rate 7%
$320,543
Cap Rate 9%
$249,311
Alternative Uses
Best Use
Multifamily LT 5
$320.5K
$280.5K – $374.0K
NOI $22,438 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$296.6K
$259.5K – $346.0K
NOI $20,762 @ 7.0% cap · market cap 5.19%
Theoretical Best
Specialty Retail
$840.6K
$735.6K – $980.8K
NOI $58,845 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Explore this area
Business Placement
Demographics for 73132, OK
28,394
Population
12,592
Households
2.3
Avg Household Size
36
Median Age
31%
College-Educated
92%
High-School Grad
7.6 sq mi
ZIP Area
3,736
Density / Sq Mi
$58,750
Median Household Income
$37,243
Median Earnings
$1,058
Median Rent
$200,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Both units feature granite countertops, stainless steel appliances, and tile flooring in the living areas.
Where is this duplex located?
The property is located at 6719 Lyrewood Lane Oklahoma City, OK.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2020; 2,458 square feet on a 0.1086‑acre lot; Each unit has 3 bedrooms, 2 bathrooms, and a 2‑car garage
