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    Mesta Park Duplex Investment Opportunity Title is generated by Realmo AI

    705 NW 22nd Street, Oklahoma City, OK 73103

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    Claim this Listing
    Pending
    $364,000

    MULTI_FAMILY - Other - Oklahoma City, OK

    Property size:
    2,616 SF
    Lot size:
    0.12 Acres
    Added:
    Apr 27, 2026
    Days on Market:
    61
    Last Refresh:
    Jun 26 at 4:06 am

    Property Features for 705 NW 22nd Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Standard status
    Pending
    APN
    705NW22nd73103
    Size
    2,616 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1909
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Contact an agent
    Sara Dougherty

    Listing agent Sara Dougherty License #160327

    Listing office Metro Mark Realtors 6501 Avondale Dr, Oklahoma City, OK

    Listing date Apr 27, 2026

    MLS# 1225457 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

    • Brick duplex built in 1909 with a composition roof
    • Foundation work completed by Oklahoma Foundation Solutions with a lifetime warranty (2026)
    • Recent updates include a new roof (2025) and new exterior paint (2025)
    • New back stairs installed in 2025; plumbing scoped
    • Interior features hardwood floors and updated bathrooms
    • Heating is natural gas; cooling includes central air and electric, plus a sunroom and off‑street parking

    Overview

    This Mesta Park duplex offers a multi-family investment opportunity in a historic neighborhood. The property features large rooms, ample windows, and a sunroom. Off-street parking is available. Foundation work has been completed by Oklahoma Foundation Solutions with a lifetime warranty (2026). Recent updates include a new roof (2025), new exterior paint (2025), and new back stairs (2025). The plumbing has been scoped. The duplex includes hardwood floors and updated bathrooms. The lot size is 0.1189 acres. The property size is 2616 square feet.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $36.1k $13.80
    − Vacancy −$2.0k −$0.76
    EGI $34.1k $13.04
    − OpEx −$10.2k −$3.91
    NOI $23.9k $9.13
    2,616 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $341.2K
    $298.5K – $398.0K (±1% cap)
    NOI $23,881 @ 7.0% cap · market cap 6.56%
    Second Best
    Apartment 5plus
    $315.7K
    $276.2K – $368.3K (±1% cap)
    NOI $22,097 @ 7.0% cap · market cap 6.07%
    Theoretical Best
    Specialty Retail
    $894.7K
    $782.8K – $1.04M (±1% cap)
    NOI $62,627 @ 7.0% cap · market cap 17.21%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness 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
    -97.524479
    Latitude
    35.492508

    FAQs

    What type of property is this?
    Duplex - Mesta Park duplex with updates in historic neighborhood.
    Where is this duplex located?
    The property is located at 705 NW 22nd Street Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $364,000.
    What are key features of this property?
    This property features: Brick duplex built in 1909 with a composition roof; Foundation work completed by Oklahoma Foundation Solutions with a lifetime warranty (2026); Recent updates include a new roof (2025) and new exterior paint (2025)
    More about this property
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