440 NW 28th Street, Oklahoma City, OK 73103

Property Description

Discover a rare investment opportunity in the vibrant Paseo District, one of Oklahoma City’s most beloved and high-demand neighborhoods. This unique property includes both a single-family home and an updated four-plex, offering exceptional flexibility for investors, owner-occupants, or anyone looking to house hack in a prime location. Situated directly across from the iconic Frida restaurant, the property sits in an unbeatable spot for access, tenant appeal, and long-term appreciation. The rental income averages at $5,400 per month. The single family previously rented out at $2,050 per month and 4-plex units are currently averaging between $800-$900 per unit per month. The single family home was recently made vacant in order for the new owner to either house hack and live in the home OR rent it out for a higher amount than it was previously rented for. The 4-plex is fully occupied. The owner currently pays water, sewer, trash, and Wi-Fi for the fourplex as well as lawn care for the house. The single family home is separately metered and can pay for their own utilities. Water/sewer/trash cost is roughly $150 per month. The property has had extensive renovations across both buildings, including new cabinets, refinished floors, fresh paint, updated drywall, new appliances, modern countertops, updated light fixtures, repaired windows, and fully remodeled bathrooms. All mini-split systems are less than three years old, with one installed within the past year. The single-family residence offers 3 bedrooms and 1.5 baths, while each unit in the four-plex features 1 bedroom and 1 bath. Turnkey, income-producing, and positioned in one of the most desirable areas of Oklahoma City, this property is a rare find with exceptional potential for both immediate returns and long-term growth. Showings can be setup between 1:30-4:30 this Thursday, December 4th.