2-Bedroom Residential Income
7603 NW 107th Street, Oklahoma City, OK 73162
For Sale
New
$155,000
Residential, Oklahoma City, OK
Property Size1,160 SF
Lot Size0.10 Acres
Price / SF$133.62
Days on Market5
Property Features for 7603 NW 107th Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Fireplace
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Utilities
Heating system
Cooling system
Amenities
vaulted ceiling
custom tile in primary bathroom
extra large walk in closet
built in bookcase
fireplace
wood-look blinds
modern black under counter sink
tankless hot water tank
doggie door
in ground storm cellar
Building Details
Year built
Building materials
Roof type
Architectural style
Listing Agency:
Whittington Realty
(405) 703-4100
Listed By:
Tonya Williams
(405) 248-0645
Added: Nov 11
Changed: Nov 13
Last Checked: Nov 15 at 6:06PM
MLS# 1257580
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.
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Investment Insights
Based on property information with market context.
This 1,160-square-foot residential income property, built in 1983, has two bedrooms, two bathrooms, and a two-car attached garage. The living, dining, and kitchen areas share a vaulted ceiling. Interior features include a fireplace with gas starter and logs, a built-in living room bookcase, and tile finishes in the kitchen and primary bathroom. The home has no carpet, a walk-in primary closet, central heating and electric cooling, and a tankless water heater. A patio, fenced backyard, and in-ground storm cellar in the garage are also included.
The property is at 7603 NW 107th Street in Oklahoma City, with an elementary school across the street. The parcel measures 0.0964 acres. Updates within the past four years include replacement ductwork and a 2022 roof.
The property is at 7603 NW 107th Street in Oklahoma City, with an elementary school across the street. The parcel measures 0.0964 acres. Updates within the past four years include replacement ductwork and a 2022 roof.
Key Highlights
- 1,160 square feet with two bedrooms and two bathrooms
- Two‑car attached garage with an in‑ground storm cellar
- Vaulted ceiling across living, dining, and kitchen areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,435
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$188,700
$188.7K
Cap Rate 7%
$134,786
$134.8K
Cap Rate 9%
$104,833
$104.8K
Market Conditions
NOI Build-Up for 1,160 SF
Gross rent
$18.1K $15.60/SF
− Vacancy
−$941 −$0.81/SF
EGI
$17.2K $14.79/SF
− OpEx
−$7.7K −$6.65/SF
NOI
$9.4K $8.13/SF
Area
ZIP 73162
Vacancy
5.20%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$188,700
Cap Rate 7%
$134,786
Cap Rate 9%
$104,833
Alternative Uses
Best Use
Apartment 5plus
$134.8K
$117.9K – $157.3K
NOI $9,435 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$466.8K
$408.5K – $544.7K
NOI $32,679 @ 7.0% cap · market cap 21.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
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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
$234,800
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Oklahoma City, OK
Properties on Market for Residential income properties in Oklahoma City
Frequently Asked Questions
What type of property is this?
Residential income property - A brick-and-frame home pairs a vaulted shared living area with an attached two-car garage and a patio.
Where is this residential income property located?
The property is located at 7603 NW 107th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 1,160 square feet with two bedrooms and two bathrooms; Two‑car attached garage with an in‑ground storm cellar; Vaulted ceiling across living, dining, and kitchen areas
