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225 NW 24th Street, 
Oklahoma City, OK 73103

$1,100,000


14

Beds


14

Baths


7,142

Sq Ft


Multi-Family

Active

Listed by

Victory Reneau Razavi

Whittington Realty

405-703-4100

Last updated:

April 17, 2025, 12:37 PM

MLS#

1163724

Source:

OK OKC

About This Home

225 NW 24th Street

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. With a typical 25% down and a 6.75% interest rate, the estimated mortgage is approx. $7,500/month with taxes and insurance included in the payment. 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.

Home Facts

Multi-Family

14 Baths

14 Bedrooms

Built in 1924

Price Summary

1,100,000

$154 per Sq. Ft.

MLS #:

1163724

Last Updated:

April 17, 2025, 12:37 PM

Added:

23 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

14

Bathrooms

Total Bathrooms:

14

Full Bathrooms:

14

Interior

Living Area:

7,142 Sq. Ft.


Structure

Structure

Architectural Style:

Historical

Building Area:

7,142 Sq. Ft.

Year Built:

1924


Lot

Lot Size (Sq. Ft):

8,400


Finances & Disclosures

Finances

Price:

$1,100,000

Price per Sq. Ft:

$154 per Sq. Ft.

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The information being provided by Oklahoma City Metropolitan Association of REALTORS® is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Oklahoma City Metropolitan Association of REALTORS® All rights reserved.

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