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
- Active
Price summary
- Price:$999,900
- Price per sq. ft.:$140
About this home
Turnkey 14-Unit Multifamily Investment in Prime OKC Location – Renovated & Cash-Flowing. An exceptional opportunity to acquire a renovated, cash-flowing 14-unit multifamily property in one of Oklahoma City’s most vibrant and walkable neighborhoods—just steps from the popular Paseo Arts District and NW 23rd Street’s shops and restaurants. This well-located asset offers strong in-place income, value-add potential, and minimal maintenance, making it ideal for both seasoned and first-time investors. The property is currently 80% occupied and generates approximately $9,155/month in rental income, with a projected gross income of $11,780/month or $141,360/year at full occupancy. Unit Mix: 8 One-Bedroom / One-Bath Units (Average Rent: $1,000), 6 Efficiency Units (Average Rent: $675). Recent Capital Improvements Include: New roof on efficiency buildings, All-new plumbing and updated electrical in efficiency units, Brand-new mini-split HVAC systems and windows in efficiency units, fully renovated bathrooms in all efficiency units, Renovated interiors of main building 1-bedroom units 2, 3, 4, & 8. Unit 5 features new paint and a modern kitchen, and New appliances throughout. 4 new and 2 three year old hot water, tanks, and New laundry room with 3 hookups including 2 new washer/dryers. Upgraded common areas: new flooring and fresh paint in main building. Exterior enhancements: new concrete courtyard, gazebo, fencing, and gated entry. Financial Highlights: Estimated operating expenses: $2,127/month or $25,524/year. Healthy monthly cash flow even at current occupancy. This is a rare chance to acquire a stabilized high-demand rental market. Whether you're looking to expand your portfolio or invest in a low-maintenance property with long-term upside. Checks all of the boxes! Efficiency units 1430 sqft and main building 5712 sqft.
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Home facts
- Year built:1924
- Listing Id #:1163724
- Added:126 day(s) ago
- Updated:August 08, 2025 at 12:34 PM
Rooms and interior
- Bedrooms:14
- Total bathrooms:14
- Full bathrooms:14
- Living area:7,142 sq. ft.
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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