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225 NW 24th Street, Oklahoma City, OK 73103

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For Sale
Sale Pending

$999,900

14 beds • 14 baths • 7,142 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $140.00
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 1163724

Courtesy Of Whittington Realty LLC

(405) 703-4100

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick

Map and Directions

Directions to 225 NW 24th Street, Oklahoma City, OK 73103

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.