Duplex with Built-In
For Sale
$230,000
Oklahoma City, OK 73118, Oklahoma City, OK 73118
Residential Income, Oklahoma City, OK
Property Size1,635 SF
Lot Size0.16 Acres
Price / SF$140.67
Days on Market32
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Lot features
Interior Lot
Elementary school
Wilson ES
Middle school
Moon MS
High school
Douglass HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Standard status
Active
Size
1,635 SF
Lot size
0.16 Acres
Amenities
shared driveway
ample parking space
common backyard
Building Details
Year built
1928
Building materials
Frame
Roof type
Composition
Listing Agency:
LRE Realty, LLC
(405) 285-5750
Listed By:
Tara Levinson · License #145328
(405) 414-8750
Added: Sep 12
Changed: Oct 9
Last Checked: Oct 13 at 4:06PM
MLS# 1248815
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 1,635-square-foot duplex was built in 1928 and contains two residences with matching layouts. Interior details include stained wood floors, ample natural light, decorative fireplaces, and built-in shelving. One residence is leased; the other has recently received fresh interior paint and is ready for occupancy.
The property includes a shared driveway and a common backyard. It is near the Paseo Arts District and Uptown 23rd, with dining, shopping, and entertainment in the surrounding area.
The property includes a shared driveway and a common backyard. It is near the Paseo Arts District and Uptown 23rd, with dining, shopping, and entertainment in the surrounding area.
Key Highlights
- Two residences with matching layouts in a 1,635‑square‑foot duplex
- Built in 1928
- One residence is leased; the other has fresh interior paint and is ready for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,925
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,500
$298.5K
Cap Rate 7%
$213,214
$213.2K
Cap Rate 9%
$165,833
$165.8K
Market Conditions
NOI Build-Up for 1,635 SF
Gross rent
$22.6K $13.80/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$21.3K $13.04/SF
− OpEx
−$6.4K −$3.91/SF
NOI
$14.9K $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 Rate 5%
$298,500
Cap Rate 7%
$213,214
Cap Rate 9%
$165,833
Alternative Uses
Best Use
Multifamily LT 5
$213.2K
$186.6K – $248.8K
NOI $14,925 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$197.3K
$172.6K – $230.2K
NOI $13,810 @ 7.0% cap · market cap 6.00%
Theoretical Best
Specialty Retail
$559.2K
$489.3K – $652.4K
NOI $39,142 @ 7.0% cap · market cap 17.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,035
Businesses Nearby
Explore this area
Business Placement
Demographics for 73118, OK
13,521
Population
7,856
Households
1.7
Avg Household Size
37
Median Age
49%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
2,817
Density / Sq Mi
$69,321
Median Household Income
$45,494
Median Earnings
$1,064
Median Rent
$252,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased, while the other has fresh interior paint and is ready for occupancy.
Where is this duplex located?
The property is located at Oklahoma City, OK.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two residences with matching layouts in a 1,635‑square‑foot duplex; Built in 1928; One residence is leased; the other has fresh interior paint and is ready for occupancy
