Crown Heights Income
839 NW 36th Terrace, Oklahoma City, OK 73118
- Added:
- Apr 10, 2026
- Days on Market:
- 54
- Last Refresh:
- Jun 2 at 11:06 pm
Property Features for 839 NW 36th Terrace
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 6, Bedroom 2, Bathroom 5, Bathroom 3, Bedroom 1, Bedroom 7
- Fireplace
- 1
- Standard status
- Pending
- APN
- 839NW36th73118
- Size
- 3,482 SF
- Lot size
- 0.20 Acres
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1939
- Floors in Building
- 2
- Building materials
- Brick & Frame
- Roof type
- Composition
- Architectural style
- Tudor
Listing agent Wendy W Chong License #130 722 (405) 751-4848
Listing office RE/MAX Preferred 3121 Quail Springs Prkwy, Okla. City, OK (405) 751-4848
Listing date Apr 10, 2026
MLS# 1223255
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.
HighLights
- Income‑producing property with three units: two 3‑bedroom units and a studio.
- Located in a desirable historic neighborhood near Crown Heights Park and the Western Avenue District.
- Upstairs unit is vacant, offering immediate upside for lease‑up, owner‑occupancy, or short‑term rental potential.
- Potential for increased rental income; current rents are considered under market value.
- Each unit has separate ONG & OG&E utility meters.
- Features classic architectural details and hardwood floors in the duplex units.
Overview
This income-producing Crown Heights triplex is ideally located steps from Crown Heights Park and minutes from the Western Avenue District. The multi-unit property includes two 3-bedroom units plus a 1-bedroom, 1-bath studio attached to the detached garage, creating three income streams on one property. Situated on a 0.1997-acre lot, the property contains 3,482 square feet of space. The lower unit features 3 bedrooms and 2 full bathrooms along with a covered front porch, while the upstairs unit offers 3 bedrooms, 1 full bathroom, and 1 half bathroom. Both duplex units showcase spacious layouts, hardwood floors, and classic architectural details. The downstairs unit and studio are currently leased, while the upstairs unit is vacant, providing immediate upside for lease-up, owner-occupancy, or short-term rental potential, subject to buyer verification. The studio currently rents for $250 per month. The duplex units have historically rented for $1,200 per month each, with rents considered under market and offering clear potential for future increases. Located in one of Oklahoma City's most desirable historic neighborhoods, this property benefits from strong rental demand, walkability, proximity to Crown Heights Park, and easy access to the shops and restaurants of the Western Avenue District. ONG & OG&E utilities are metered separately for each unit. Water is on one and is currently paid by Sellers.
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 | $48.1k | $13.80 |
| − Vacancy | −$2.6k | −$0.76 |
| EGI | $45.4k | $13.04 |
| − OpEx | −$13.6k | −$3.91 |
| NOI | $31.8k | $9.13 |
3,482 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$454.1K
$397.3K – $529.8K
NOI $31,786 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$420.2K
$367.6K – $490.2K
NOI $29,411 @ 7.0% cap · market cap 6.55%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,359 @ 7.0% cap · market cap 18.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.52754
- Latitude
- 35.508586
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Income-producing triplex near Crown Heights Park and Western Avenue District.
Where is this triplex located?
The property is located at 839 NW 36th Terrace Oklahoma City, OK.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Income‑producing property with three units: two 3‑bedroom units and a studio.; Located in a desirable historic neighborhood near Crown Heights Park and the Western Avenue District.; Upstairs unit is vacant, offering immediate upside for lease‑up, owner‑occupancy, or short‑term rental potential.
