Exceptional multifamily investment opportunity producing $40,500/yr in gross income in desirable central Oklahoma City location! Situated on a beautiful street near NW 23rd & May, a few steps away from Linwood Park. This FULLY LEASED income-producing property features a duplex plus two garage apartment units: offering a total of four rental units and approximately 2,550 square feet of living space.
Originally built in 1916, the property blends historic charm with traditional updates that help minimize maintenance and reduce ownership headaches. The duplex offers approximately 1,430 square feet, while the upper and lower garage apartments each provide approximately 560 square feet of living space.
Investors will appreciate the immediate cash flow with all units currently occupied. The property already exceeds sought-after 1% rule, making it an ATTRACTIVE ADDITION TO ANY INVESTMENT PORTFOLIO. There is also potential for increased returns through additional cosmetic improvements and operational optimization.
Located on a highly walkable street with a large landscaped median, mature trees, and consistent foot traffic, the property benefits from strong rental appeal. Enjoy all the character and charm of the surrounding historic neighborhoods.
*No sign in yard* PLEASE do not disturb tenants* More lease information and additional details are available in Realtor remarks or please call agent. Listing agent holds a beneficial ownership interest in the selling LLC.
45 days
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222
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17
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Zillow last checked:
Listing updated:
Listed by:
Daryn Rody405-245-8424,
Keller Williams Central OK
Source: MLSOK/OKCMAR as distributed by MLS GRID,MLS#: 1235150
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4
Heating
Has Heating (Unspecified Type)
Cooling
Window Unit(s)
Appliances
Included: Refrigerator, Warming Drawer, Water Heater
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Source: MLSOK/OKCMAR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.