Duplex With Wood-Burning
For Sale
$122,000
7611 NW 113th Place, Oklahoma City, OK 73162
Residential, Oklahoma City, OK
Property Size1,002 SF
Lot Size0.11 Acres
Price / SF$121.76
Days on Market50
Property Features for 7611 NW 113th Place
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Patio and Porch features
Porch
Exterior features
Covered Porch, Rain Gutters
Fireplace
1
Lot features
Interior Lot
Elementary school
Ralph Downs ES
Middle school
Hefner MS
High school
Putnam City North HS
Elementary school district
Putnam City
Middle school district
Putnam City
High school district
Putnam City
Directions
From NW 113th Street and Council go East. Turn South onto Roxboro Avenue. Turn West onto NW 113th Place.
Standard status
Active
APN
7611NW113th73162
Size
1,002 SF
Lot size
0.11 Acres
Utilities
Heating system
Natural Gas
Cooling system
Central Air, Electric
Amenities
wood-burning fireplace
Building Details
Year built
1984
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Keller Williams Central OK · Keller Williams Realty
(405) 330-2626
Listed By:
Evan Roberts
(405) 517-6030
Added: Jul 20
Changed: Sep 3
Last Checked: Sep 7 at 8:06PM
MLS# 1240270
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 half duplex offers a ranch-style layout with two bedrooms and two full bathrooms. The living room and both bedrooms have brand-new vinyl flooring, and the roof was replaced in 2023. Interior features include a cozy wood-burning fireplace, a formal dining area, and a convenient laundry room located between the garage and the kitchen. An attached one-car garage adds everyday practicality, and the home includes a porch and rain gutters.
Set on a 0.1077-acre lot, the property also includes a good-sized backyard with space to relax, garden, entertain, or accommodate pets. Heating is natural gas with electric central air cooling. Construction is brick & frame, and the roof is composition.
The property is located in the Putnam City School District, with nearby shopping, restaurants, major highways, and everyday amenities.
Set on a 0.1077-acre lot, the property also includes a good-sized backyard with space to relax, garden, entertain, or accommodate pets. Heating is natural gas with electric central air cooling. Construction is brick & frame, and the roof is composition.
The property is located in the Putnam City School District, with nearby shopping, restaurants, major highways, and everyday amenities.
Key Highlights
- 0.1077‑acre lot with a good‑sized backyard
- Brand‑new vinyl flooring in the living room and both bedrooms
- 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
$8,150
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
6.68%
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%
$163,000
$163.0K
Cap Rate 7%
$116,429
$116.4K
Cap Rate 9%
$90,556
$90.6K
Market Conditions
NOI Build-Up for 1,002 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
$15.6K $15.60/SF
− Vacancy
−$813 −$0.81/SF
EGI
$14.8K $14.79/SF
− OpEx
−$6.7K −$6.65/SF
NOI
$8.2K $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 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%
$163,000
Cap Rate 7%
$116,429
Cap Rate 9%
$90,556
Alternative Uses
Best Use
Apartment 5plus
$116.4K
$101.9K – $135.8K
NOI $8,150 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$403.3K
$352.9K – $470.5K
NOI $28,228 @ 7.0% cap · market cap 23.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Ranch-style half duplex with central air, natural gas heat, two full bathrooms, and a wood-burning fireplace.
Where is this single family property located?
The property is located at 7611 NW 113th Place Oklahoma City, OK.
What is the asking price?
The asking price for this property is $122,000.
What are key features of this property?
This property features: 0.1077‑acre lot with a good‑sized backyard; Brand‑new vinyl flooring in the living room and both bedrooms; Roof replaced in 2023
