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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 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.
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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CENTURY 21 Judge Fite Company

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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.