225 NW 24th ST new Save Request In-Person Tour Request Virtual Tour
Oklahoma City,OK 73103
Key Details
Property Type Multi-Family
Sub Type More Than 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,142 sqft
Price per Sqft $140
MLS Listing ID OKC1163724
Style Historic,Other
Bedrooms 14
Full Baths 14
Year Built 1924
Annual Tax Amount $10,664
Lot Size 8,400 Sqft
Property Sub-Type More Than 4 Units
Property Description
Turnkey 14-Unit Multifamily Investment in Prime OKC Location – Renovated & Cash-Flowing. An exceptional opportunity to acquire a renovated, cash-flowing 14-unit multifamily property in one of Oklahoma City's most vibrant and walkable neighborhoods—just steps from the popular Paseo Arts District and NW 23rd Street's shops and restaurants. This well-located asset offers strong in-place income, value-add potential, and minimal maintenance, making it ideal for both seasoned and first-time investors. The property is currently 80% occupied and generates approximately $9,155/month in rental income, with a projected gross income of $11,780/month or $141,360/year at full occupancy. Unit Mix: 8 One-Bedroom / One-Bath Units (Average Rent: $1,000), 6 Efficiency Units (Average Rent: $675). Recent Capital Improvements Include: New roof on efficiency buildings, All-new plumbing and updated electrical in efficiency units, Brand-new mini-split HVAC systems and windows in efficiency units, fully renovated bathrooms in all efficiency units, Renovated interiors of main building 1-bedroom units 2, 3, 4, & 8. Unit 5 features new paint and a modern kitchen, and New appliances throughout. 4 new and 2 three year old hot water, tanks, and New laundry room with 3 hookups including 2 new washer/dryers. Upgraded common areas: new flooring and fresh paint in main building. Exterior enhancements: new concrete courtyard, gazebo, fencing, and gated entry. Financial Highlights: Estimated operating expenses: $2,127/month or $25,524/year. Healthy monthly cash flow even at current occupancy. This is a rare chance to acquire a stabilized high-demand rental market. Whether you're looking to expand your portfolio or invest in a low-maintenance property with long-term upside. Checks all of the boxes! Efficiency units 1430 sqft and main building 5712 sqft.
Location
State OK
County Oklahoma
Exterior
Parking Features Concrete
Garage Description Concrete
Roof Type Other
Building
Lot Description Interior Lot
Story 2
Foundation Combination
Structure Type Brick
Schools
Elementary Schools Wilson Es
Middle Schools Moon Ms
High Schools Douglass Hs
School District Oklahoma City
Others
Acceptable Financing Cash,Conventional,Special Funding
Listing Terms Cash,Conventional,Special Funding