225 NW 24th ST Pending 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 Pending
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 – Prime OKC Location
An exceptional opportunity to acquire a fully renovated, cash-flowing 14-unit multifamily property in one of Oklahoma City's most vibrant and walkable neighborhoods—just steps from the Paseo Arts District and NW 23rd Street's shops and restaurants.
This well-positioned asset offers strong in-place income, value-add potential, and minimal maintenance, making it an ideal investment for both seasoned and first-time investors.
Property Highlights
Occupancy: Currently 80% occupied, generating approx. $9,155/month in rental income with a projected $11,780/month ($141,360/year) at full occupancy.
Unit Mix: 8 One-Bedroom / One-Bath Units (Avg. Rent $1,000) + 6 Efficiency Units (Avg. Rent $675).
Square Footage: Efficiencies – 1,430 SF | Main Building – 5,712 SF.
Recent Capital Improvements
Structural & Systems: New roof on efficiency buildings, all-new plumbing & updated electrical in efficiencies.
Efficiencies: Brand-new mini-split HVAC, windows, fully renovated bathrooms, and new appliances.
One-Bedroom Units: Renovated interiors in Units 2, 3, 4, & 8; Unit 5 updated with new paint & modern kitchen.
Water Heaters: 4 brand-new + 2 only 3 years old.
Laundry: New laundry room with 3 hookups and 2 new washer/dryer sets.
Common Areas: Fresh paint, new flooring, and updated finishes.
Exterior: Upgraded courtyard with new concrete, gazebo, fencing, and secured gated entry.
Financial Highlights
Estimated Operating Expenses: $2,285/month or $27,420/year.
Cash Flow: Healthy monthly cash flow even at current 80% occupancy.
This rare opportunity offers stabilized income in a high-demand rental market, with long-term upside and very little deferred maintenance. Whether you're expanding your portfolio or investing in a low-maintenance property with consistent returns, this one checks all the boxes.
Location
State OK
County Oklahoma
Interior
Heating Central Electric
Cooling Central Elec
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