1812 NW 23rd Street, Oklahoma City, OK 73106

$179,900
3
BD
1
BA
1,887
SqFt

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Sold Price
$179,900
List Price
$179,990
MLS#
1186872
Days on Market
5
Closing Date
Sep 12, 2025
Living Area
1,887
Status
CLOSED
Type
Single Family Residential
Bedrooms
3
Full Bathrooms
1
Neighborhood
Gatewood Add

Property Description

**Investor Special Across from OCU – Prime Rental Potential!** Opportunity is knocking just steps from Oklahoma City University! This 3-bed, 1-bath fixer-upper is packed with potential and perfectly positioned for a savvy investor looking to tap into the high-demand student rental market. Whether you’re just starting out or expanding your portfolio, this is a value-add opportunity you won’t want to miss. Inside, you’ll find three sizable bedrooms, two living areas, and two separate entrances—making it ideal for renting by the room or reconfiguring for multi-tenant use. The standout feature is a rare walk-out basement (approx. 1000 SF) that includes a charming wood-paneled room that makes it a prime candidate for conversion into an efficiency apartment with its own private back entrance. The generous lot offers ample parking in both front and back, a major perk for student tenants. Zoned R-2, the property offers flexibility of use, and with the right vision, it could qualify for a SPUD (Simplified Planned Unit Development) to allow for light commercial or multifamily possibilities. Want more potential? With city approval, the large backyard could accommodate an additional apartment or small unit—plenty of space to work with for future expansion. Additional highlights: Newer HVAC system, Directly across from campus – unbeatable location, and an Ideal layout for multi-unit conversion or co-living rental model. With the location, layout, and zoning on your side, this one’s a no-brainer for anyone looking to create consistent cash flow near a major university. **Sold as-is – bring your vision and unlock the potential!**

Additional Information

Construction
Brick & Frame
Year Built
1930
School District
Oklahoma City
Elementary School
Eugene Field ES
Middle School
Moon MS
High School
Douglass HS
Utilities
Electricity Available, Natural Gas Available, High Speed Internet, Public
Roof
Composition
Cooling
Central Elec
Heating
Central Gas
Exterior Features
Patio - Open
Lot Description
Infill Lot
Lot Size
7,976
Acres
0.18
Foundation
Conventional

Courtesy of Kaci Kaiser and Solas Real Estate LLC. 405-451-0000

Selling Office: Hamilwood Real Estate.

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