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Listed by Victory Reneau Razavi • Whittington Realty

$ 1,100,000

Est. payment -/mo

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Active

225 NW 24th ST Oklahoma City, OK 73103

14 Beds

14 Baths

7,142 SqFt

UPDATED:

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 $154

MLS Listing ID OKC1163724

Style Historic,Other

Bedrooms 14

Full Baths 14

Construction Status Brick

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. With a typical 25% down and a 6.75% interest rate, the estimated mortgage is approx. $7,500/month with taxes and insurance included in the payment. 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

Interior

Fireplace N

Appliance Water Heater

Exterior

Parking Features Concrete

Garage Description Concrete

Roof Type Other

Building

Lot Description Interior Lot

Story 2

Foundation Combination

Architectural Style Historic, Other

Level or Stories Two

Structure Type Brick

Construction Status Brick

Schools

Elementary Schools Wilson Es

Middle Schools Moon Ms

High Schools Douglass Hs

School District Oklahoma City

Others

Miscellaneous Fenced Property,Separate Meters

Acceptable Financing Cash, Conventional, Special Funding

Listing Terms Cash, Conventional, Special Funding

Multiple Listing Service of Oklahoma (MLSOK)

Amy Groves

Agent

+1(405) 831-1969

225 NW 24th ST Oklahoma City, OK 73103

Key Details

Location

Interior

Exterior

Building

Schools

Others

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