225 NW 24th Street, Oklahoma City, OK 73103

Property Description

Turnkey 14-Unit Multifamily Investment – Prime OKC Location. Exceptional opportunity to own a renovated, cash-flowing multifamily property in one of Oklahoma City’s most vibrant, walkable neighborhoods—steps from the Paseo Arts District and NW 23rd Street shops and restaurants. Ideal for both seasoned and first-time investors with strong in-place income, upside potential, and minimal maintenance. Property Highlights: Currently 80% occupied, generating approx. $8,149/month in income, with a projected $11,780/month ($141,360/year) at full occupancy. Unit mix: 8 one-bed/one-bath units and 6 efficiency units. Square footage: main building 5,712 SF and detached efficiency building 1,430 SF. Units are separately metered for electric. Seller pays water and trash. Operating Expenses: Average monthly expenses are approx. $2,285, including water & trash ($300), yard work ($200), property taxes ($889), and insurance ($896), totaling $27,420/year. Improvements: New roof on efficiency buildings, updated plumbing and electrical, mini-split HVAC, windows, bathrooms, and appliances in efficiencies. One-bedroom units renovated in 2, 3, 4, and 8 with updates in 7 & 5. Four brand-new water heaters (two are three years old). Laundry room with hookups and new washer/dryers. Common areas have new flooring and fresh paint. Exterior courtyard upgraded with new concrete, gazebo, fencing, and secured gated entry. Financials: $8,149 current monthly income, $97,788 annual income at current occupancy, with upside potential of $141,360 annually at full occupancy. This property offers stable income in a high-demand rental market, minimal deferred maintenance, and excellent long-term potential.