Frame Duplex with Two-Car
For Sale
$220,000
907 Leisure Drive, Midwest City, OK 73110
Residential, Midwest City, OK
Property Size1,982 SF
Lot Size0.17 Acres
Price / SF$110
Days on Market140
Property Features for 907 Leisure Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 1
Patio and Porch features
Patio
Fireplace
1
Lot features
Golf Course Lot
Elementary school
Willow Brook ES
Middle school
Star Spencer MS
High school
Star Spencer HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
From Reno & Midwest Blvd, Go North on Midwest Blvd to Leisure Lane. West on Leisure Lane, right on Leisure Drive to address
Standard status
Active
APN
907NONELeisure73110
Size
1,982 SF
Lot size
0.17 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric
Building Details
Year built
1985
Building materials
Frame, Stone
Roof type
Composition
Architectural style
Other
Listing Agency:
Metro Group Brokers LLC
(405) 737-4700
Listed By:
Shelly Moore · License #141135
(405) 641-1553
Added: Apr 15
Changed: Aug 31
Last Checked: Sep 1 at 12:06PM
MLS# 1224002
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 was built in 1985 and contains 1,982 square feet on a 0.1722-acre lot. The property has frame and stone construction, a composition roof, a two-car garage, and a patio. Interior features include three bedrooms and a fireplace, with natural-gas heating and electric cooling serving the residence.
Located in Midwest City, Oklahoma, the property is identified by postal code 73110. Its residential configuration and existing garage, patio, and mechanical systems provide a defined physical profile for buyers evaluating a multifamily property.
Located in Midwest City, Oklahoma, the property is identified by postal code 73110. Its residential configuration and existing garage, patio, and mechanical systems provide a defined physical profile for buyers evaluating a multifamily property.
Key Highlights
- 1,982‑square‑foot duplex built in 1985
- 0.1722‑acre lot in Midwest City, OK 73110
- Frame and stone construction with composition roof
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
$12,611
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
5.73%
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%
$252,220
$252.2K
Cap Rate 7%
$180,157
$180.2K
Cap Rate 9%
$140,122
$140.1K
Market Conditions
NOI Build-Up for 1,982 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
$25.4K $12.84/SF
− Vacancy
−$2.5K −$1.27/SF
EGI
$22.9K $11.57/SF
− OpEx
−$10.3K −$5.21/SF
NOI
$12.6K $6.36/SF
Area
Oklahoma County, OK
Vacancy
9.90%
Lease Rate
$12.84 /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%
$252,220
Cap Rate 7%
$180,157
Cap Rate 9%
$140,122
Alternative Uses
Best Use
Apartment 5plus
$180.2K
$157.6K – $210.2K
NOI $12,611 @ 7.0% cap · market cap 5.73%
Second Best
Multifamily LT 5
$172.0K
$150.5K – $200.7K
NOI $12,043 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$412.8K
$361.2K – $481.6K
NOI $28,897 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 73110, OK
33,156
Population
15,826
Households
2.1
Avg Household Size
35
Median Age
20%
College-Educated
91%
High-School Grad
15.5 sq mi
ZIP Area
2,139
Density / Sq Mi
$50,436
Median Household Income
$35,043
Median Earnings
$1,007
Median Rent
$119,900
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 - Midwest City duplex with a patio, fireplace, natural-gas heating, and electric cooling.
Where is this duplex located?
The property is located at 907 Leisure Drive Midwest City, OK.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 1,982‑square‑foot duplex built in 1985; 0.1722‑acre lot in Midwest City, OK 73110; Frame and stone construction with composition roof
