Renovated Duplex with Craftsman
For Sale
$375,000
726 NW 25th Street, Oklahoma City, OK 73103
Residential, Oklahoma City, OK
Property Size2,292 SF
Lot Size0.17 Acres
Price / SF$163.61
Days on Market51
Property Features for 726 NW 25th Street
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1
Patio and Porch features
Patio
Exterior features
Patio-Covered
Fireplace
1
Lot features
Corner Lot
Elementary school
Wilson ES
Middle school
Classen MS Of Advanced Studies
High school
Douglass HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
From NW 23rd Street and Shartel, go north on Shartel and turn right onto NW 25th Street. The property is one block on your right
Standard status
Active
APN
726NW25th73103
Size
2,292 SF
Lot size
0.17 Acres
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
1920
Building materials
Brick & Frame
Roof type
Shingle
Architectural style
Craftsman
Listing Agency:
Porchlight Real Estate LLC
Listed By:
Thomas Steph
(405) 306-3058
Added: Jul 15
Changed: Aug 21
Last Checked: Sep 3 at 11:06AM
MLS# 1239830
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 1920 Craftsman duplex contains 2,292 square feet on a 0.1743-acre lot. Each side provides two bedrooms and one bathroom, with open-concept living and dining areas. One unit adds a sitting room beside the living room and a mudroom near the rear entry. Brick-and-frame construction, shingle roofing, electric heat, central air, and covered patio space serve the property. Both interiors were renovated and the exterior painted in 2015; the exterior received another coat in 2020, and the roof was replaced in June 2026.
The property is two blocks from the 23rd Street District and a few blocks from the Paseo District in Oklahoma City, placing dining and activity-focused destinations nearby. A fireplace is also included among the property’s features.
The property is two blocks from the 23rd Street District and a few blocks from the Paseo District in Oklahoma City, placing dining and activity-focused destinations nearby. A fireplace is also included among the property’s features.
Key Highlights
- Full duplex with 2,292 square feet on a 0.1743‑acre lot
- Two bedrooms and one bathroom in each unit
- Both units renovated in 2015; exterior repainted in 2020
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
$20,923
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
5.58%
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%
$418,460
$418.5K
Cap Rate 7%
$298,900
$298.9K
Cap Rate 9%
$232,478
$232.5K
Market Conditions
NOI Build-Up for 2,292 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
$31.6K $13.80/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$29.9K $13.04/SF
− OpEx
−$9.0K −$3.91/SF
NOI
$20.9K $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%
$418,460
Cap Rate 7%
$298,900
Cap Rate 9%
$232,478
Alternative Uses
Best Use
Multifamily LT 5
$298.9K
$261.5K – $348.7K
NOI $20,923 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$276.6K
$242.0K – $322.7K
NOI $19,360 @ 7.0% cap · market cap 5.16%
Theoretical Best
Specialty Retail
$783.9K
$685.9K – $914.5K
NOI $54,870 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,305
Businesses Nearby
Explore this area
Business Placement
Demographics for 73103, OK
5,046
Population
3,489
Households
1.4
Avg Household Size
34
Median Age
61%
College-Educated
99%
High-School Grad
1.2 sq mi
ZIP Area
4,205
Density / Sq Mi
$56,934
Median Household Income
$50,055
Median Earnings
$954
Median Rent
$400,400
Median Home Value
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 - Two refreshed rental units feature open living and dining areas, covered patios, and central air conditioning.
Where is this duplex located?
The property is located at 726 NW 25th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Full duplex with 2,292 square feet on a 0.1743‑acre lot; Two bedrooms and one bathroom in each unit; Both units renovated in 2015; exterior repainted in 2020
