839 NW 36th Terrace, Oklahoma City, OK 73118

Property Description

Income-producing Crown Heights duplex with additional studio unit, ideally located just steps from Crown Heights Park and minutes from the Western Avenue District. This multi-unit property includes two 3-bedroom units plus a 1-bedroom, 1-bath studio attached to the detached garage, creating three income streams on one property. The lower unit features 3 bedrooms and 2 full bathrooms along with a covered front porch, while the upstairs unit offers 3 bedrooms, 1 full bathroom, and 1 half bathroom. Both duplex units showcase spacious layouts, hardwood floors, and classic architectural details that appeal to long-term tenants. The downstairs unit and studio are currently leased, while the upstairs unit is vacant, providing immediate upside for lease-up, owner-occupancy, or short-term rental potential, subject to buyer verification. The studio currently rents for $250 per month. The duplex units have historically rented for $1,200 per month each, with rents considered under market and offering clear potential for future increases. Located in one of Oklahoma City’s most desirable historic neighborhoods, this property benefits from strong rental demand, walkability, proximity to Crown Heights Park, and easy access to the shops and restaurants of the Western Avenue District. A rare opportunity to acquire a stabilized, value-add asset in a sought-after location with multiple income streams and long-term appreciation potential. ONG & OG&E utilities are metered separately for each unit. Water is on one and is currently paid by Sellers.