Renovated Quadplex Near Plaza
1805 N Gatewood Avenue Oklahoma City, OK 73106
1805 N Gatewood Avenue, Oklahoma City, OK, 73106
$799,900
For Sale
$799,900
MULTI_FAMILY - Other - Oklahoma City, OK
Property Size3,096 SF
Lot Size0.11 Acres
Price / SF$258.37
Days on Market86
Property Features for 1805 N Gatewood Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3
- Parking
- 4
- Appliances
- Dishwasher, Dryer, Refrigerator, Washer
- Standard status
- Active
- APN
- 1805NGatewood1&273106
- Size
- 3,096 SF
- Lot size
- 0.11 Acres
Building Details
- Year built
- 1927
- Floors in Building
- 2
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing agency
King Real Estate Group
(405) 739-0550
Listed by
Stephanie Matthews · License #147831
(405) 370-7309
Added: Apr 29 Updated: Jul 7 at 3:38PM Checked: Jul 23 at 10:06AM
MLS# 1226672
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex is situated in the Historic Gatewood addition, adjacent to the Plaza District. The property features a duplex and two fully furnished efficiency garage apartments, comprising a total of four units. Each unit in the duplex includes 2 bedrooms and 1 bathroom. The property has been renovated with updated kitchens and bathrooms, updated electrical and plumbing systems, and new HVAC systems and hot water tanks. Original wood flooring is present. Exterior improvements consist of newly poured concrete in the driveway and back patio, new fencing, and structural piers. The efficiency apartments have also been updated. The property size is 3096 square feet and the lot size is 0.1084 acres. All refrigerators, washers, and dryers are included. This property is located in Oklahoma City, OK 73106.
Key Highlights
- 4‑unit quadplex: duplex plus two fully furnished efficiency garage apartments
- Renovated duplex units include 2 bedrooms and 1 bathroom per unit with updated kitchens and bathrooms
- Renovations include updated electrical and plumbing, new HVAC systems, and hot water tanks
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.7k | $13.80 |
| − Vacancy | −$2.3k | −$0.76 |
| EGI | $40.4k | $13.04 |
| − OpEx | −$12.1k | −$3.91 |
| NOI | $28.3k | $9.13 |
3,096 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$403.7K
$353.3K – $471.0K
NOI $28,262 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$373.6K
$326.9K – $435.9K
NOI $26,151 @ 7.0% cap · market cap 3.27%
Theoretical Best
Specialty Retail
$1.06M
$926.5K – $1.24M
NOI $74,118 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Updated quadplex in Historic Gatewood, near Plaza District.
Where is this quadplex located?
The property is located at 1805 N Gatewood Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 4‑unit quadplex: duplex plus two fully furnished efficiency garage apartments; Renovated duplex units include 2 bedrooms and 1 bathroom per unit with updated kitchens and bathrooms; Renovations include updated electrical and plumbing, new HVAC systems, and hot water tanks
