Brick Duplex with Fenced
For Sale
$135,000
Pending
8607 S Drexel Place, Oklahoma City, OK 73159
Residential, Oklahoma City, OK
Property Size1,032 SF
Lot Size0.12 Acres
Days on Market83
Property Features for 8607 S Drexel Place
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Patio and Porch features
Patio
Interior features
Laundry Room, Window Treatments
Exterior features
Patio - Open, Rain Gutters
Fireplace
1
Appliances
Dishwasher, Water Heater
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
From S May and SW 84th, head west to S Drexel Pl, turn south on S Drexel Pl. Property is on the west side of the rd.
Standard status
Pending
APN
8607SDrexel73159
Size
1,032 SF
Lot size
0.12 Acres
Utilities
Utilities
Cable Available
Heating system
Natural Gas
Cooling system
Electric, Central Air
Amenities
fireplace
patio
fenced backyard
Building Details
Year built
1982
Flooring type
Carpet
Building materials
Brick, Brick & Frame, Frame, Masonry Vaneer
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Realty Elite
(405) 948-7500
Listed By:
Joseph Keck
(405) 426-7567
Added: Jun 11
Changed: Aug 25
Last Checked: Sep 1 at 8:06PM
MLS# 1232378
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 1,032-square-foot duplex, built in 1982, offers a two-bedroom, two-bathroom layout with a central living room fireplace. The interior includes a kitchen equipped with a gas range, oven, dishwasher, and water heater, along with carpeted flooring, window treatments, and a dedicated laundry room. Brick and frame construction, natural-gas heating, central air, and electric cooling complete the primary building features.
A new sliding patio door opens to a fenced backyard, while the open patio and rain gutters add practical exterior amenities. The property occupies 0.124 acres and includes one garage for parking or storage. Cable is available. Located in Oklahoma City, the property provides access to I-44, I-240, and OCCC, with shopping, dining, and grocery options in South Oklahoma City and Moore.
A new sliding patio door opens to a fenced backyard, while the open patio and rain gutters add practical exterior amenities. The property occupies 0.124 acres and includes one garage for parking or storage. Cable is available. Located in Oklahoma City, the property provides access to I-44, I-240, and OCCC, with shopping, dining, and grocery options in South Oklahoma City and Moore.
Key Highlights
- 1,032 square feet on a 0.124‑acre lot
- Two‑bedroom, two‑bathroom layout with a living room fireplace
- New sliding patio door opens to a fenced backyard
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
$9,645
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
7.14%
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%
$192,900
$192.9K
Cap Rate 7%
$137,786
$137.8K
Cap Rate 9%
$107,167
$107.2K
Market Conditions
NOI Build-Up for 1,032 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
$14.7K $14.28/SF
− Vacancy
−$958 −$0.93/SF
EGI
$13.8K $13.35/SF
− OpEx
−$4.1K −$4.01/SF
NOI
$9.6K $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%
$192,900
Cap Rate 7%
$137,786
Cap Rate 9%
$107,167
Alternative Uses
Best Use
Multifamily LT 5
$137.8K
$120.6K – $160.8K
NOI $9,645 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$127.5K
$111.6K – $148.8K
NOI $8,925 @ 7.0% cap · market cap 6.61%
Theoretical Best
Specialty Retail
$305.2K
$267.0K – $356.0K
NOI $21,362 @ 7.0% cap · market cap 15.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
323
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 - Updated Oklahoma City property with a fireplace, gas cooking, patio access, and a private outdoor area.
Where is this duplex located?
The property is located at 8607 S Drexel Place Oklahoma City, OK.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 1,032 square feet on a 0.124‑acre lot; Two‑bedroom, two‑bathroom layout with a living room fireplace; New sliding patio door opens to a fenced backyard
