Craftsman Multifamily with Renovated
1818 NW 29th Street Oklahoma City, OK 73106
1818 NW 29th Street, Oklahoma City, OK, 73106
$554,000
For Sale
$554,000
MULTI_FAMILY - Craftsman - Oklahoma City, OK
Property Size4,616 SF
Lot Size0.16 Acres
Price / SF$120.02
Days on Market147
Property Features for 1818 NW 29th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 3, Bathroom 1, Bathroom 5, Bathroom 6, Bedroom 7, Bathroom 7, Bathroom 4, Bathroom 8, Bedroom 1, Bedroom 8
- Parking
- 8
- Appliances
- Water Heater
- Standard status
- Active
- APN
- 1818NW29th73106
- Size
- 4,616 SF
- Lot size
- 0.16 Acres
Utilities
- Heating system
- Natural Gas
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1933
- Floors in Building
- 2
- Building materials
- Brick & Frame, Stone
- Roof type
- Composition
- Architectural style
- Craftsman
Listing Agency
RE/MAX Preferred
(405) 751-4848
3121 Quail Springs Prkwy, Okla. City, OK
Listed by
Paul Brooks · License #116430
(405) 990-0548
Added: Feb 21 Checked: Jul 18 at 12:06 am
MLS# 1215446
Listing URL
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 Craftsman-style multifamily property is offered for sale at 1818 NW 29th Street in Oklahoma City. The building consists of five units with an aggregate 4,616 square feet, featuring eight bedrooms and eight bathrooms. The property is fully leased and has documented 2023 renovations, including a new roof and updated mechanicals. Each unit includes individual washer/dryer hookups.
The seller states the gross rent yield is $64,800 with average expenses of $17,500, producing an NOI of $47,300 and an 8.54% cap rate. The lot size is 0.1607 acres. The property is described as being within walking distance to OCU and minutes from Midtown and The Paseo.
Buyer to verify all information.
The seller states the gross rent yield is $64,800 with average expenses of $17,500, producing an NOI of $47,300 and an 8.54% cap rate. The lot size is 0.1607 acres. The property is described as being within walking distance to OCU and minutes from Midtown and The Paseo.
Buyer to verify all information.
Key Highlights
- Fully leased multi‑unit property with gross rents of $64,800; expenses average $17,500; NOI of $47,300 (8.54% cap rate).
- Extensive 2023 renovations, including new roof and updated mechanicals; 5 fully remodeled units.
- 8 bedrooms and 8 bathrooms in 4,616 SF, built in 1933 with Craftsman style (brick & frame/stones).
Local Financial Insights For Apartment 5plus
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 | $74.8k | $16.20 |
| − Vacancy | −$3.9k | −$0.84 |
| EGI | $70.9k | $15.36 |
| − OpEx | −$31.9k | −$6.91 |
| NOI | $39.0k | $8.45 |
4,616 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$557.0K
$487.4K – $649.8K
NOI $38,990 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.58M
$1.38M – $1.84M
NOI $110,507 @ 7.0% cap · market cap 19.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
SEOCreed
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FAQs
What type of property is this?
Apartment building - Craftsman-style multifamily with five fully remodeled, fully leased units and individual washer/dryer hookups.
Where is this apartment building located?
The property is located at 1818 NW 29th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $554,000.
What are key features of this property?
This property features: Fully leased multi‑unit property with gross rents of $64,800; expenses average $17,500; NOI of $47,300 (8.54% cap rate).; Extensive 2023 renovations, including new roof and updated mechanicals; 5 fully remodeled units.; 8 bedrooms and 8 bathrooms in 4,616 SF, built in 1933 with Craftsman style (brick & frame/stones).
