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    6813 N Lancer Lane Oklahoma City, OK 73132

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    For Sale
    $344,000

    MULTI_FAMILY - Other - Oklahoma City, OK

    Property size:
    3,716 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $92/SF
    Added:
    Feb 20, 2026
    Days on Market:
    76
    Last Refresh:
    May 7 at 9:06 am

    Property Features for 6813 N Lancer Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    5
    Rooms
    Bedroom 3, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 6, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 5
    Parking
    4
    Fireplace
    1
    Appliances
    Dishwasher, Disposal, Refrigerator
    Standard status
    Active
    APN
    6813NLancer73132
    Size
    3,716 SF
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1971
    Floors in Building
    2
    Building materials
    Brick & Frame
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    LaCinda Black

    Listing agent LaCinda Black

    Listing office McGraw REALTORS (BO) 280 S Yukon Pkwy, Edmond, OK

    Listing date Feb 20, 2026

    MLS# 1215583 Listing URL

    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.

    HighLights

    • Turnkey, fully updated duplex offering immediate rental income.
    • Both units extensively upgraded with new flooring, paint, fixtures, and HVAC systems.
    • Strong rental income: $1600/month (leased until 08/01/2026) and $1700/month (available 03/01/2026).
    • Each unit features 3 bedrooms, multiple bathrooms, a 2‑car garage, and a fireplace.
    • New roof installed in 2024.
    • Located in the desirable Putnam City School District with convenient access to amenities and transportation.

    Overview

    Turnkey Duplex Investment Opportunity

    Located at 6813-6815 Lancer Lane in Oklahoma City, OK 73132, this updated duplex presents an investment opportunity. The property, being sold as one package, offers rental income with minimal maintenance. Both sides of the duplex have been upgraded with tile flooring, fresh interior paint, new toilets, modern plumbing fixtures, ceiling fans, and new HVAC systems. The roof was replaced in 2024. Each unit includes a fireplace and inside washer and dryer hookups. Unit 6813 Lancer Lane, leased through 08/01/2026 for $1600.00 per month, is a one-story unit with approximately 1,858 square feet, featuring 3 bedrooms, 2 bathrooms, and a 2-car garage. The kitchen has new cabinetry and appliances, while the living area offers natural light, built-in bookshelves, and a fireplace. The primary suite opens to a backyard with a covered deck. Unit 6815 Lancer Lane, available March 1, 2026, for $1700.00 per month, is a two-story unit also offering approximately 1,858 square feet with 3 bedrooms, 2.5 bathrooms, and a 2-car garage. The main level features new tile floors, separate living and dining areas, a light-filled living room with a fireplace, and backyard access. A half bath is downstairs, with three bedrooms and two full baths upstairs. The property is located in the Putnam City School District and provides access to shopping, dining, highways, and turnpikes. The lot size is 0.2076 acres, and the property size is 3,716 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.633422
    Latitude
    35.545799

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    FAQs

    What type of property is this?
    Duplex - Updated duplex in Oklahoma City, offering immediate rental income.
    Where is this duplex located?
    The property is located at 6813 N Lancer Lane Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $344,000.
    What are key features of this property?
    This property features: Turnkey, fully updated duplex offering immediate rental income.; Both units extensively upgraded with new flooring, paint, fixtures, and HVAC systems.; Strong rental income: $1600/month (leased until 08/01/2026) and $1700/month (available 03/01/2026).
    (405) 641-6459
    We can help!
    Listing Contact
    LaCinda Black
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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