Modern Duplex with Tandem
For Sale
$1,150,000
911 NW 13 Street, Oklahoma City, OK 73106
Residential Income, Oklahoma City, OK
Property Size4,418 SF
Price / SF$260.30
Days on Market159
Property Features for 911 NW 13 Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 1, Bathroom 5, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 4, Bathroom 6
Parking
2
Appliances
Dishwasher, Disposal, Microwave
Lot features
Interior Lot
Elementary school
Wilson ES
Middle school
Classen MS Of Advanced Studies,Moon MS
High school
Douglass HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
From Classen & NW 13 go east to property on the north side of the road.
Standard status
Active
APN
911NW13A&B73106
Size
4,418 SF
Utilities
Heating system
Natural Gas
Cooling system
Electric, Central Air
Amenities
dog wash station
Building Details
Year built
2020
Floors in Building
2
Building materials
Brick, Stucco
Architectural style
Modern, Contemporary
Listing Agency:
Metro First Realty
(405) 242-4004
Listed By:
Santana Dennis · License #157100
(405) 410-2281
Added: Mar 24
Changed: Aug 21
Last Checked: Aug 29 at 3:06AM
MLS# 1220594
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.
Completed in 2020, this 4,418-square-foot modern duplex at 911 NW 13 Street features two matching residences with open-concept living and kitchen areas. Each unit includes two bedrooms with private en suite bathrooms, a half bath serving the main living space, contemporary finishes, and access to a two-car tandem garage. Additional property features include a dedicated dog wash station and an oversized backyard.
The property is located in Oklahoma City's Sosa/Midtown District, with downtown views and proximity to medical centers, dining, and nightlife. Brick and stucco construction, natural gas heat, and central electric air conditioning support the building's modern configuration. The layout accommodates separate residential use within a single duplex property.
The property is located in Oklahoma City's Sosa/Midtown District, with downtown views and proximity to medical centers, dining, and nightlife. Brick and stucco construction, natural gas heat, and central electric air conditioning support the building's modern configuration. The layout accommodates separate residential use within a single duplex property.
Key Highlights
- Two‑unit duplex completed in 2020 with 4,418 square feet
- Each unit has 2 bedrooms with private en suite bathrooms
- Open‑concept kitchen and living areas with contemporary finishes
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
$40,331
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
3.51%
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%
$806,620
$806.6K
Cap Rate 7%
$576,157
$576.2K
Cap Rate 9%
$448,122
$448.1K
Market Conditions
NOI Build-Up for 4,418 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
$61.0K $13.80/SF
− Vacancy
−$3.4K −$0.76/SF
EGI
$57.6K $13.04/SF
− OpEx
−$17.3K −$3.91/SF
NOI
$40.3K $9.13/SF
Area
Oklahoma City, OK
Vacancy
5.50%
Lease Rate
$13.80 /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%
$806,620
Cap Rate 7%
$576,157
Cap Rate 9%
$448,122
Alternative Uses
Best Use
Multifamily LT 5
$576.2K
$504.1K – $672.2K
NOI $40,331 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$533.1K
$466.5K – $622.0K
NOI $37,317 @ 7.0% cap · market cap 3.24%
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,767 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,278
Businesses Nearby
Explore this area
Business Placement
Demographics for 73106, OK
12,956
Population
6,069
Households
2.1
Avg Household Size
32
Median Age
40%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
4,319
Density / Sq Mi
$51,934
Median Household Income
$32,145
Median Earnings
$1,050
Median Rent
$262,500
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 - Two matching units offer open layouts, private bedroom suites, and an oversized backyard near downtown Oklahoma City.
Where is this duplex located?
The property is located at 911 NW 13 Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2020 with 4,418 square feet; Each unit has 2 bedrooms with private en suite bathrooms; Open‑concept kitchen and living areas with contemporary finishes
