Two-Bedroom Duplex with
For Sale
$119,900
7523 NW 113th Place Oklahoma, Oklahoma City, OK 73162
Open-plan interiors connect the kitchen, dining area, and living room for an integrated everyday layout.
Property Size960 SF
Days on Market201
Property Features for 7523 NW 113th Place Oklahoma
General Information
Standard status
Active
Size
960 SF
Total Parking Spaces
1
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
needs some TLC
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
Cable Ready
Gas
Central Elec
Dishwasher
Refrigerator
Washer/Dryer
Water Heater
Patio, Porch, Cable Available, Electricity Available, Natural Gas Available, Public, Composition
Building Details
Building Size
960 SF
Year Built
1984
Listing Agency:
RE/MAX at Home
(405) 845-2715
Listed By:
Bonnie Fortune · License #177628
Source:
Kw
Added: Feb 11
Changed: Aug 30
Last Checked: Aug 30 at 5:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX at Home
Investment Insights
Based on property information with market context.
This half-duplex includes two bedrooms, two bathrooms, and a one-car garage within a single-level residential layout. The main living spaces are arranged in an open plan, linking the kitchen, dining area, and living room. Laminate flooring extends through the living area and both bedrooms, while the kitchen includes a dishwasher, refrigerator, gas service, and washer/dryer. Central electric service and a water heater are also present.
Built in 1984, the property has a composition roof replaced in 2023. Exterior features include a patio and porch, with public electricity, natural gas, and cable availability. The home is located within Putnam City Schools and is offered in its existing condition.
Built in 1984, the property has a composition roof replaced in 2023. Exterior features include a patio and porch, with public electricity, natural gas, and cable availability. The home is located within Putnam City Schools and is offered in its existing condition.
Key Highlights
- Two‑bedroom, two‑bathroom half‑duplex
- One‑car garage included
- Composition roof replaced in 2023
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
$8,383
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
6.99%
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%
$167,660
$167.7K
Cap Rate 7%
$119,757
$119.8K
Cap Rate 9%
$93,144
$93.1K
Market Conditions
NOI Build-Up for 960 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
$12.7K $13.20/SF
− Vacancy
−$697 −$0.73/SF
EGI
$12.0K $12.47/SF
− OpEx
−$3.6K −$3.74/SF
NOI
$8.4K $8.73/SF
Area
ZIP 73162
Vacancy
5.50%
Lease Rate
$13.20 /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%
$167,660
Cap Rate 7%
$119,757
Cap Rate 9%
$93,144
Alternative Uses
Best Use
Multifamily LT 5
$119.8K
$104.8K – $139.7K
NOI $8,383 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$111.5K
$97.6K – $130.1K
NOI $7,808 @ 7.0% cap · market cap 6.51%
Theoretical Best
Specialty Retail
$386.4K
$338.1K – $450.8K
NOI $27,045 @ 7.0% cap · market cap 22.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Explore this area
Business Placement
Demographics for 73162, OK
28,867
Population
12,454
Households
2.3
Avg Household Size
44
Median Age
47%
College-Educated
95%
High-School Grad
7.1 sq mi
ZIP Area
4,066
Density / Sq Mi
$89,984
Median Household Income
$48,451
Median Earnings
$1,147
Median Rent
$234,800
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 - Open-plan interiors connect the kitchen, dining area, and living room for an integrated everyday layout.
Where is this duplex located?
The property is located at 7523 NW 113th Place Oklahoma Oklahoma City, OK.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom half‑duplex; One‑car garage included; Composition roof replaced in 2023
