Full Duplex with Private
For Sale
$215,000
828 NW 113th Street, Oklahoma City, OK 73114
Two-unit property with central HVAC, individual laundry rooms, outdoor storage, and assigned parking for each residence.
Property Size986 SF
Days on Market69
Property Features for 828 NW 113th Street
General Information
Standard status
Active
Size
986 SF
Property subtype
Duplex
Units
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$931
Amenities
laundry room
private outdoor storage
central heat and air
Building Details
Building Size
986 SF
Year Built
1984
Buildings
1
Construction
frame
Listing Agency:
Copper Creek Real Estate
(405) 255-5923
Listed By:
Adalia Sosanya · License #173559
Source:
Stetsonbentley
Added: Jun 5
Changed: Aug 11
Last Checked: Aug 11 at 7:25AM
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 Copper Creek Real Estate
Investment Insights
Based on property information with market context.
This full duplex is offered as a single property, with each residence providing approximately 904 square feet of living area. Both units include functional layouts, a dedicated laundry room, private outdoor storage, central heat and air, and one assigned parking space, with additional guest parking available. The building has frame construction on a slab foundation and was built in 1984; the property has also been recently painted.
The duplex is located in Oklahoma City near Topgolf, Costco, Chisholm Creek, shopping, dining, and major employment centers. It is served by the Oklahoma City School District and has no mandatory HOA fees. The two-unit configuration and separate residential features support use as a multifamily income property.
The duplex is located in Oklahoma City near Topgolf, Costco, Chisholm Creek, shopping, dining, and major employment centers. It is served by the Oklahoma City School District and has no mandatory HOA fees. The two-unit configuration and separate residential features support use as a multifamily income property.
Key Highlights
- Two‑unit duplex offered as one property
- Approximately 904 square feet of living space per unit
- Central heat and air in both residences
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
$9,001
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
4.19%
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%
$180,020
$180.0K
Cap Rate 7%
$128,586
$128.6K
Cap Rate 9%
$100,011
$100.0K
Market Conditions
NOI Build-Up for 986 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
$13.6K $13.80/SF
− Vacancy
−$748 −$0.76/SF
EGI
$12.9K $13.04/SF
− OpEx
−$3.9K −$3.91/SF
NOI
$9.0K $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%
$180,020
Cap Rate 7%
$128,586
Cap Rate 9%
$100,011
Alternative Uses
Best Use
Multifamily LT 5
$128.6K
$112.5K – $150.0K
NOI $9,001 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$119.0K
$104.1K – $138.8K
NOI $8,328 @ 7.0% cap · market cap 3.87%
Theoretical Best
Specialty Retail
$337.2K
$295.1K – $393.4K
NOI $23,605 @ 7.0% cap · market cap 10.98%
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
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 73114, OK
18,694
Population
9,311
Households
2
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
9.5 sq mi
ZIP Area
1,968
Density / Sq Mi
$52,592
Median Household Income
$35,931
Median Earnings
$1,135
Median Rent
$134,100
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-unit property with central HVAC, individual laundry rooms, outdoor storage, and assigned parking for each residence.
Where is this duplex located?
The property is located at 828 NW 113th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two‑unit duplex offered as one property; Approximately 904 square feet of living space per unit; Central heat and air in both residences
