Three-Bedroom
For Sale
$119,000
Pending
8606 S Camay Avenue, Oklahoma City, OK 73159
Residential, Oklahoma City, OK
Property Size1,044 SF
Lot Size0.11 Acres
Days on Market135
Property Features for 8606 S Camay Avenue
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Lot features
Interior Lot
Elementary school
Fairview ES
Middle school
West JHS
High school
Westmoore HS
Elementary school district
Moore
Middle school district
Moore
High school district
Moore
Directions
Traveling east on SW 89th St, turn north onto S. May Ave, turn west onto 84th Pl, turn south onto S. Camay Ave.
Standard status
Pending
APN
8606SCamay73159
Size
1,044 SF
Lot size
0.11 Acres
Building Details
Year built
1982
Roof type
Shingle
Listing Agency:
Nine North Real Estate
(405) 255-8987
Listed By:
Cody Hash
(405) 397-2788
Added: Apr 22
Changed: Aug 28
Last Checked: Sep 3 at 2:06AM
MLS# 1225531
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 contains 1,044 square feet with three bedrooms and two bathrooms. Built in 1982, the property has a shingle roof and sits on a 0.1093-acre lot. It was used as a rental before being offered for sale.
Located at 8606 S Camay Avenue in Oklahoma City, the property is being marketed as a short sale, with bank approval required. The seller is located out of state and is not familiar with all property details; inspections are highly recommended, and buyers should independently verify the condition, square footage, school districts, and other property information.
Located at 8606 S Camay Avenue in Oklahoma City, the property is being marketed as a short sale, with bank approval required. The seller is located out of state and is not familiar with all property details; inspections are highly recommended, and buyers should independently verify the condition, square footage, school districts, and other property information.
Key Highlights
- Half‑duplex with 1,044 square feet
- Three bedrooms and two bathrooms
- 0.1093‑acre lot
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
$9,757
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
8.20%
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%
$195,140
$195.1K
Cap Rate 7%
$139,386
$139.4K
Cap Rate 9%
$108,411
$108.4K
Market Conditions
NOI Build-Up for 1,044 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
$14.9K $14.28/SF
− Vacancy
−$969 −$0.93/SF
EGI
$13.9K $13.35/SF
− OpEx
−$4.2K −$4.01/SF
NOI
$9.8K $9.35/SF
Area
ZIP 73159
Vacancy
6.50%
Lease Rate
$14.28 /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%
$195,140
Cap Rate 7%
$139,386
Cap Rate 9%
$108,411
Alternative Uses
Best Use
Multifamily LT 5
$139.4K
$122.0K – $162.6K
NOI $9,757 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$129.0K
$112.9K – $150.5K
NOI $9,029 @ 7.0% cap · market cap 7.59%
Theoretical Best
Specialty Retail
$308.7K
$270.1K – $360.2K
NOI $21,611 @ 7.0% cap · market cap 18.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 73159, OK
32,981
Population
13,618
Households
2.4
Avg Household Size
33
Median Age
17%
College-Educated
85%
High-School Grad
13.7 sq mi
ZIP Area
2,407
Density / Sq Mi
$56,369
Median Household Income
$36,125
Median Earnings
$1,119
Median Rent
$144,200
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 - Previously operated as a rental, this half-duplex offers a compact residential income property configuration.
Where is this duplex located?
The property is located at 8606 S Camay Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: Half‑duplex with 1,044 square feet; Three bedrooms and two bathrooms; 0.1093‑acre lot
