Remodeled Duplex with
For Sale
$300,000
8418 Candlewood Drive, Oklahoma City, OK 73132
Two residential units feature fenced yards, attached garages, and distinct occupancy profiles.
Property Size3,035 SF
Days on Market128
Property Features for 8418 Candlewood Drive
General Information
Standard status
Active
Size
3,035 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,121
Amenities
private fenced yard
Building Details
Building Size
3,035 SF
Year Built
1972
Buildings
1
Stories
1
Units
2
Tenancy
Single
Listing Agency:
LRE Realty LLC
(405) 414-8750
Listed By:
Tara Levinson · License #145328
(405) 414-8750
Source:
Jarmanrealtyok
Added: Apr 24
Changed: Aug 28
Last Checked: Aug 23 at 6:24AM
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 LRE Realty LLC
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each measuring 1,517 square feet with three bedrooms, 2.5 bathrooms, a private fenced yard, and an attached two-car garage. The 3,035-square-foot property was built in 1972. One unit has been updated with fresh paint, new flooring, and a custom-tiled shower surround. The second unit is tenant-occupied through August 31, 2026.
The property is near the Kilpatrick Turnpike, Mercy Hospital, and the shopping and dining offerings at Quail Springs Mall. It is located within the Putnam City School District and includes the address 8418 Candlewood Dr, Oklahoma City, OK 73132.
The property is near the Kilpatrick Turnpike, Mercy Hospital, and the shopping and dining offerings at Quail Springs Mall. It is located within the Putnam City School District and includes the address 8418 Candlewood Dr, Oklahoma City, OK 73132.
Key Highlights
- Duplex with 3,035 square feet and two 1,517‑square‑foot units
- Each unit includes 3 bedrooms, 2.5 bathrooms, a private fenced yard, and an attached 2‑car garage
- One unit updated with fresh paint, updated flooring, and a custom‑tiled shower surround
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
$25,636
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
8.55%
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%
$512,720
$512.7K
Cap Rate 7%
$366,229
$366.2K
Cap Rate 9%
$284,844
$284.8K
Market Conditions
NOI Build-Up for 3,035 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
$49.2K $16.20/SF
− Vacancy
−$2.6K −$0.84/SF
EGI
$46.6K $15.36/SF
− OpEx
−$21.0K −$6.91/SF
NOI
$25.6K $8.45/SF
Area
Oklahoma City, OK
Vacancy
5.20%
Lease Rate
$16.20 /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%
$512,720
Cap Rate 7%
$366,229
Cap Rate 9%
$284,844
Alternative Uses
Best Use
Multifamily LT 5
$395.8K
$346.3K – $461.8K
NOI $27,706 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$366.2K
$320.5K – $427.3K
NOI $25,636 @ 7.0% cap · market cap 8.55%
Theoretical Best
Specialty Retail
$1.04M
$908.2K – $1.21M
NOI $72,658 @ 7.0% cap · market cap 24.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
973
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?
Duplex - Two residential units feature fenced yards, attached garages, and distinct occupancy profiles.
Where is this duplex located?
The property is located at 8418 Candlewood Drive Oklahoma City, OK.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Duplex with 3,035 square feet and two 1,517‑square‑foot units; Each unit includes 3 bedrooms, 2.5 bathrooms, a private fenced yard, and an attached 2‑car garage; One unit updated with fresh paint, updated flooring, and a custom‑tiled shower surround
