521 SW 24th Street, Oklahoma City, OK 73109

Building Details

Year built

1929

Floors in Building

2

Building materials

Brick

Roof type

Composition

Architectural style

Other

Listing agent Thao Nguyen-Pham License #200060 Show Phone

Listing office Spearhead Realty Group LLC a***@spearheadrealty.com 5909 NW Expressway Suite G-180, Oklahoma City, OK Show Phone

Listing date Feb 27, 2026

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MLS# 1216388 Listing URL

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Overview

This 12-unit apartment community, constructed of solid brick, presents a blend of stable cash flow and value-add potential within Oklahoma City's Historic Capitol Hill District. The property comprises three separate buildings, each containing four units. All twelve units feature a 1-bedroom, 1-bath layout, enhanced by mock fireplaces. A new roof was installed in 2017, and most units have newer windows. The property is currently fully occupied, with some tenants receiving rental assistance from the city, ensuring consistent income. Some units have rents below market value, offering the potential for increased cash flow in the future. A storage building located at the rear of the property provides additional upside and could be converted into a laundry facility to generate extra revenue. The property is located at 521 SW 24th Street, Oklahoma City, OK 73109 and sits on a 0.4821-acre lot. The building has 9438 square feet of space. Given the strong rental demand in the area and the potential for further improvements, this property represents an opportunity for investors seeking steady cash flow with the possibility of increased returns.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Oklahoma City

County

Cleveland

State

Oklahoma

Longitude

-97.522475

Latitude

35.440762

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FAQs

What type of property is this?

Apartment building - Stable cash flow with value-add potential in Oklahoma City.

Where is this apartment building located?

The property is located at 521 SW 24th Street Oklahoma City, OK.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: 100% Occupancy: Provides immediate and reliable income stream.; Value‑Add Upside: Potential for increased cash flow through rent adjustments and improvements.; Desirable Unit Mix: Twelve 1‑bedroom, 1‑bath units.