Duplex with Attached
For Sale
$300,000
8418 Candlewood Dr, Oklahoma City, OK 73132
Both residences include private fenced yards, while one is leased through August 31, 2026.
Property Size3,035 SF
Price / SF$98.85
Days on Market31
Property Features for 8418 Candlewood Dr
General Information
Standard status
Active
Size
3,035 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1972
Buildings
1
Listing Agency:
LRE Realty LLC
Listed By:
Tara Levinson · License #145328
(405) 431-7003
Source:
Alloverok
Added: Sep 26
Changed: Oct 26
Last Checked: Oct 24 at 8:53PM
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
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Investment Insights
Based on property information with market context.
Built in 1972, this duplex contains two residences, each with 1,517 square feet, three bedrooms, 2.5 bathrooms, and an attached two-car garage. Both units have private fenced yards. The home at 8418 Candlewood Dr has fresh paint, newer flooring, and a custom-tiled shower surround following a recent remodel. The neighboring residence is occupied under a lease ending August 31, 2026.
The property is in Oklahoma City’s Putnam City School District, minutes from the Kilpatrick Turnpike, Mercy Hospital, and Quail Springs Mall, which has shopping and dining options.
The property is in Oklahoma City’s Putnam City School District, minutes from the Kilpatrick Turnpike, Mercy Hospital, and Quail Springs Mall, which has shopping and dining options.
Key Highlights
- Two residences, each with 1,517 square feet, 3 bedrooms, and 2.5 bathrooms
- Attached 2‑car garage for each unit
- Private fenced yard at each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,636
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
973
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include private fenced yards, while one is leased through August 31, 2026.
Where is this duplex located?
The property is located at 8418 Candlewood Dr 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: Two residences, each with 1,517 square feet, 3 bedrooms, and 2.5 bathrooms; Attached 2‑car garage for each unit; Private fenced yard at each residence
