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Listed by Daryn Rody • Keller Williams Central OK

$ 325,000

Est. payment | -/mo

4 Beds

4 Baths

2,550 SqFt

Save

$ 325,000

Est. payment | -/mo

Save

4 Beds

4 Baths

2,550 SqFt

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,550 sqft

Price per Sqft $127

MLS Listing ID OKC1235150

Style Traditional

Bedrooms 4

Full Baths 4

Construction Status Other

Year Built 1916

Annual Tax Amount $1,503

Lot Size 6,299 Sqft

Property Sub-Type Fourplex

Property Description

Exceptional multifamily investment opportunity producing $40,500/yr in gross income in desirable central Oklahoma City location! Situated on a beautiful street near NW 23rd & May, a few steps away from Linwood Park. This FULLY LEASED income-producing property features a duplex plus two garage apartment units: offering a total of four rental units and approximately 2,550 square feet of living space.
Originally built in 1916, the property blends historic charm with traditional updates that help minimize maintenance and reduce ownership headaches. The duplex offers approximately 1,430 square feet, while the upper and lower garage apartments each provide approximately 560 square feet of living space.
Investors will appreciate the immediate cash flow with all units currently occupied. The property already exceeds sought-after 1% rule, making it an ATTRACTIVE ADDITION TO ANY INVESTMENT PORTFOLIO. There is also potential for increased returns through additional cosmetic improvements and operational optimization.
Located on a highly walkable street with a large landscaped median, mature trees, and consistent foot traffic, the property benefits from strong rental appeal. Enjoy all the character and charm of the surrounding historic neighborhoods.
*No sign in yard* PLEASE do not disturb tenants* More lease information and additional details are available in Realtor remarks or please call agent. Listing agent holds a beneficial ownership interest in the selling LLC.

Location

State OK

County Oklahoma

Interior

Heating Zoned

Cooling Window Unit(s)

Fireplaces Number 2

Fireplaces Type Mock

Fireplace Y

Appliance Refrigerator, Warming Drawer, Water Heater

Exterior

Parking Features Additional Parking, Concrete, Gravel

Garage Description Additional Parking, Concrete, Gravel

Roof Type Composition

Building

Lot Description Interior Lot

Story 2

Foundation Combination

Architectural Style Traditional

Level or Stories Two

Structure Type Other

Construction Status Other

Schools

Elementary Schools Cleveland Es

Middle Schools Taft Ms

High Schools Northwest Classen Hs

School District Oklahoma City

Others

Acceptable Financing As is Condition, Cash, Conventional, Seller will Finance, Special Funding, Trade

Listing Terms As is Condition, Cash, Conventional, Seller will Finance, Special Funding, Trade

Multiple Listing Service of Oklahoma (MLSOK)

Nearby Locations

"Today's buyers and sellers need a trusted advocate and resource that can guide them through the complex world of real estate. That’s why I am constantly striving to lead the field in research, innovation, and consumer education. With my extensive knowledge of the local Oklahoma City area and commitment to providing only the best and most timely information to my clients, I am your go-to source for real estate industry insight and advice."

+1(405) 532-3497

cindi@soldbycindi.com

800 W Rock Creek # 101, Norman, OK 73069, USA

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3018 NW 19th ST Oklahoma City, OK 73107