Remodeled Duplex with Fenced
New
For Sale
$290,000
8418 Candlewood Drive, Oklahoma City, OK 73132
Residential Income, Oklahoma City, OK
Property Size3,035 SF
Lot Size0.24 Acres
Price / SF$95.55
Days on Market5
Property Features for 8418 Candlewood Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 5, Bathroom 1, Bathroom 6, Bedroom 4, Bathroom 2, Bathroom 4, Bathroom 5
Fireplace
1
Lot features
Interior Lot
Elementary school
Wiley Post 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 Northwest Expressway, travel northwest toward Rockwell. Turn right onto Candlewood Drive
Standard status
Active
APN
8418NONECandlewood73132
Size
3,035 SF
Lot size
0.24 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric
Amenities
private fenced yard
Building Details
Year built
1972
Floors in Building
1
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
LRE Realty, LLC
(405) 285-5750
Listed By:
Tara Levinson · License #145328
(405) 414-8750
Added: Oct 9
Last Checked: Oct 13 at 3:06PM
MLS# 1253126
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 duplex in Oklahoma City contains two residences, each with 1,517 square feet, three bedrooms, and 2.5 bathrooms. Both sides have an attached two-car garage and a private fenced yard. The building dates to 1972 and sits on a 0.235-acre parcel. Construction combines brick and frame, with natural gas heating, electric cooling, and a fireplace.
One residence has received updates including fresh paint, new flooring, and a custom-tiled shower surround. The other is occupied under a lease through August 31, 2026. The property is within the Putnam City School District, with Mercy Hospital, Quail Springs Mall, and the Kilpatrick Turnpike described as nearby.
One residence has received updates including fresh paint, new flooring, and a custom-tiled shower surround. The other is occupied under a lease through August 31, 2026. The property is within the Putnam City School District, with Mercy Hospital, Quail Springs Mall, and the Kilpatrick Turnpike described as nearby.
Key Highlights
- Two residences, each with 1,517 square feet, 3 bedrooms, and 2.5 bathrooms
- Each side includes an attached 2‑car garage and a private fenced yard
- One unit has fresh paint, updated flooring, and a custom‑tiled shower surround
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,636
Cap Rate
8.84%
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 9.55%
Second Best
Apartment 5plus
$366.2K
$320.5K – $427.3K
NOI $25,636 @ 7.0% cap · market cap 8.84%
Theoretical Best
Specialty Retail
$1.04M
$908.2K – $1.21M
NOI $72,658 @ 7.0% cap · market cap 25.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three-bedroom layouts, attached two-car garages, and private outdoor space.
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 $290,000.
What are key features of this property?
This property features: Two residences, each with 1,517 square feet, 3 bedrooms, and 2.5 bathrooms; Each side includes an attached 2‑car garage and a private fenced yard; One unit has fresh paint, updated flooring, and a custom‑tiled shower surround
