225 NW 24th Street, Oklahoma City, OK 73103
Local realty services provided by:CENTURY 21 First Choice Realty
Listed by: victory reneau razavi
Office: whittington realty
MLS#:1163724
Source:OK_OKC
225 NW 24th Street,Oklahoma City, OK 73103
$999,900
- 14 Beds
- 14 Baths
- 7,142 sq. ft.
- Multi-family
- Pending
Price summary
- Price:$999,900
- Price per sq. ft.:$140
About this home
Turnkey 14-Unit Multifamily Investment – Prime OKC Location. Exceptional opportunity to own a renovated, cash-flowing multifamily property in one of Oklahoma City’s most vibrant, walkable neighborhoods—steps from the Paseo Arts District and NW 23rd Street shops and restaurants. Ideal for both seasoned and first-time investors with strong in-place income, upside potential, and minimal maintenance.
Property Highlights: Currently 80% occupied, generating approx. $8,149/month in income, with a projected $11,780/month ($141,360/year) at full occupancy. Unit mix: 8 one-bed/one-bath units and 6 efficiency units. Square footage: main building 5,712 SF and detached efficiency building 1,430 SF. Units are separately metered for electric. Seller pays water and trash.
Operating Expenses: Average monthly expenses are approx. $2,285, including water & trash ($300), yard work ($200), property taxes ($889), and insurance ($896), totaling $27,420/year.
Improvements: New roof on efficiency buildings, updated plumbing and electrical, mini-split HVAC, windows, bathrooms, and appliances in efficiencies. One-bedroom units renovated in 2, 3, 4, and 8 with updates in 7 & 5. Four brand-new water heaters (two are three years old). Laundry room with hookups and new washer/dryers. Common areas have new flooring and fresh paint. Exterior courtyard upgraded with new concrete, gazebo, fencing, and secured gated entry.
Financials: $8,149 current monthly income, $97,788 annual income at current occupancy, with upside potential of $141,360 annually at full occupancy.
This property offers stable income in a high-demand rental market, minimal deferred maintenance, and excellent long-term potential.
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Home facts
- Year built:1924
- Listing ID #:1163724
- Added:249 day(s) ago
- Updated:December 15, 2025 at 08:58 PM
Rooms and interior
- Bedrooms:14
- Total bathrooms:14
- Full bathrooms:14
- Living area:7,142 sq. ft.
Heating and cooling
- Cooling:Central Electric
- Heating:Central Electric
Structure and exterior
- Year built:1924
- Building area:7,142 sq. ft.
- Lot area:0.19 Acres
Schools
- High school:Douglass HS
- Middle school:Moon MS
- Elementary school:Wilson ES
Finances and disclosures
- Price:$999,900
- Price per sq. ft.:$140
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