9-Home Ranch Duplex
For Sale
$150,000
7311 Kings Manor Court, Oklahoma City, OK 73132
Residential, Oklahoma City, OK
Property Size1,307 SF
Lot Size0.12 Acres
Price / SF$114.77
Days on Market61
Property Features for 7311 Kings Manor Court
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Fireplace
1
Lot features
Interior 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
Head east on NW expressway. Turn right onto Wilshire/lyrewood lane. Turn onto kings manor court.
Standard status
Active
APN
7311NONEKingsManor73132
Size
1,307 SF
Lot size
0.12 Acres
Utilities
Heating system
Natural Gas
Cooling system
Central Air, Electric
Building Details
Year built
1980
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Brix Realty
(405) 594-8341
Listed By:
Nancy Joy · License #200416
(253) 861-8540
Added: Jun 24
Changed: Aug 21
Last Checked: Aug 23 at 10:06PM
MLS# 1235990
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 9-home rental package offers a ranch-style setup in brick & frame construction, built in 1980. The homes include natural gas heating, electric central air conditioning, and fireplaces. Tenants are currently in place, and showings are not allowed until under contract.
The package is arranged as two separate lots that cannot be mixed or matched. The seller notes the homes can be split into 4 homes and 5 homes for separate sales, but the houses within each lot must remain together. Both lots are described as a mix that includes duplexes, townhomes, and single-family homes, and multiple homes feature 3 bedrooms, 2 bathrooms, and a 2-car garage.
The property footprint is listed at 0.124 acres, with a property size of 1,307 square feet. The addresses are in Oklahoma City, Oklahoma (73132), with proximity referenced to Edmond, Midwest City, and Del City near Tinker AFB.
The package is arranged as two separate lots that cannot be mixed or matched. The seller notes the homes can be split into 4 homes and 5 homes for separate sales, but the houses within each lot must remain together. Both lots are described as a mix that includes duplexes, townhomes, and single-family homes, and multiple homes feature 3 bedrooms, 2 bathrooms, and a 2-car garage.
The property footprint is listed at 0.124 acres, with a property size of 1,307 square feet. The addresses are in Oklahoma City, Oklahoma (73132), with proximity referenced to Edmond, Midwest City, and Del City near Tinker AFB.
Key Highlights
- Tenants in place; no showings allowed until under contract
- Two separate lots that cannot be mixed or matched; seller can split into 4 homes and 5 homes
- Ranch‑style homes built in 1980 with brick & frame construction
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
$11,931
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
7.95%
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%
$238,620
$238.6K
Cap Rate 7%
$170,443
$170.4K
Cap Rate 9%
$132,567
$132.6K
Market Conditions
NOI Build-Up for 1,307 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
$18.0K $13.80/SF
− Vacancy
−$992 −$0.76/SF
EGI
$17.0K $13.04/SF
− OpEx
−$5.1K −$3.91/SF
NOI
$11.9K $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%
$238,620
Cap Rate 7%
$170,443
Cap Rate 9%
$132,567
Alternative Uses
Best Use
Multifamily LT 5
$170.4K
$149.1K – $198.9K
NOI $11,931 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$157.7K
$138.0K – $184.0K
NOI $11,040 @ 7.0% cap · market cap 7.36%
Theoretical Best
Specialty Retail
$447.0K
$391.1K – $521.5K
NOI $31,290 @ 7.0% cap · market cap 20.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
636
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Brick-and-frame ranch rental package with central air, natural gas heat, and fireplaces, with tenants in place.
Where is this multifamily property located?
The property is located at 7311 Kings Manor Court Oklahoma City, OK.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Tenants in place; no showings allowed until under contract; Two separate lots that cannot be mixed or matched; seller can split into 4 homes and 5 homes; Ranch‑style homes built in 1980 with brick & frame construction
