225 NW 24th Street, Oklahoma City, OK 73103
Local realty services provided by:Better Homes and Gardens Real Estate The Platinum Collective
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
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.
Contact an agent
Home facts
- Year built:1924
- Listing ID #:1163724
- Added:169 day(s) ago
- Updated:September 27, 2025 at 07:29 AM
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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