1. Oklahoma
  2. Oklahoma City
  3. 225 NW 24th Street
$999,900

225 NW 24th Street, Oklahoma City, OK 73103

  • 14 beds |
  • 14 baths |
  • 7,142 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1924
  • Property Lot Size Icon8,276sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $140/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

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.

Listing Status:
Active
Listing Office:
Whittington Realty : 405-703-4100
Listing Agent:
Victory Reneau Razavi : 405-816-1021
MLS ID:
1163724
  • Appliances: Water Heater
  • A/C: Central Elec
  • Heating: Central Electric

This listing courtesy of Victory Reneau Razavi, Whittington Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Wilson Elementary School

501 NW 21st St, Oklahoma City, OK, 73103

Grades PK-4

0.31 miles away

C

Classen Middle School of Advanced Studies

1901 N Ellison Ave, Oklahoma City, OK, 73106

Grades 5-8

1.02 miles away

E

Emerson Alternative Education (High School)

715 N Walker Ave, Oklahoma City, OK, 73102

Grades 9-12

1.40 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.