Modern Half-Duplex
For Sale
$599,000
911 NW 13 Street Unit B, Oklahoma City, OK 73106
Contemporary residence with flexible living areas, private bedroom suites, a tandem garage, and an oversized backyard.
Property Size2,209 SF
Days on Market124
Property Features for 911 NW 13 Street Unit B
General Information
Standard status
Active
Size
2,209 SF
Total Parking Spaces
2
Property subtype
Half Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$9,181
Amenities
dog wash station
oversized backyard
Building Details
Building Size
2,209 SF
Year Built
2020
Listing Agency:
Metro First Realty
(405) 410-2281
Listed By:
Santana Dennis · License #157100
Source:
Stetsonbentley
Added: May 1
Changed: Aug 30
Last Checked: Aug 30 at 9:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Metro First Realty
Investment Insights
Based on property information with market context.
Built in 2020, this modern half-duplex combines an open-plan main living area with two bedrooms, each served by a private en suite bathroom. A separate half bath supports the shared living spaces, while upscale interior finishes give the residence a polished contemporary character. The kitchen connects directly with the living and entertaining areas for an integrated daily-use layout.
The property also includes a two-car tandem garage, an oversized backyard, and a dedicated dog-wash station. Downtown Oklahoma City views complement the setting, with medical centers, dining, and nightlife nearby. The adjoining half of the duplex is also available, creating the possibility of acquiring both units. The property has no HOA dues or restrictive covenants, and the source information indicates that long-term or short-term rental arrangements may be considered.
The property also includes a two-car tandem garage, an oversized backyard, and a dedicated dog-wash station. Downtown Oklahoma City views complement the setting, with medical centers, dining, and nightlife nearby. The adjoining half of the duplex is also available, creating the possibility of acquiring both units. The property has no HOA dues or restrictive covenants, and the source information indicates that long-term or short-term rental arrangements may be considered.
Key Highlights
- 2020‑built modern half‑duplex with an open‑concept interior
- Two bedrooms, each with a private en suite bathroom
- Two‑car tandem garage
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
$18,659
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
3.12%
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%
$373,180
$373.2K
Cap Rate 7%
$266,557
$266.6K
Cap Rate 9%
$207,322
$207.3K
Market Conditions
NOI Build-Up for 2,209 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
$35.8K $16.20/SF
− Vacancy
−$1.9K −$0.84/SF
EGI
$33.9K $15.36/SF
− OpEx
−$15.3K −$6.91/SF
NOI
$18.7K $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 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%
$373,180
Cap Rate 7%
$266,557
Cap Rate 9%
$207,322
Alternative Uses
Best Use
Apartment 5plus
$266.6K
$233.2K – $311.0K
NOI $18,659 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$755.5K
$661.0K – $881.4K
NOI $52,883 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary residence with flexible living areas, private bedroom suites, a tandem garage, and an oversized backyard.
Where is this residential income property located?
The property is located at 911 NW 13 Street Unit B Oklahoma City, OK.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2020‑built modern half‑duplex with an open‑concept interior; Two bedrooms, each with a private en suite bathroom; Two‑car tandem garage
