Multifamily
For Sale
$279,000
1140 N Kentucky Ave, Oklahoma City, OK 73106
The building was constructed in 1927.
Property Size1,368 SF
Price / SF$203.95
Days on Market68
Property Features for 1140 N Kentucky Ave
General Information
Standard status
Active
Size
1,368 SF
Property subtype
Multi-Family
Building Details
Year Built
1927
Listing Agency:
Home Place Real Estate
Listed By:
Heston Bush · License #158403
(580) 399-6379
Source:
Bktoklahomacity
Added: Aug 7
Changed: Oct 6
Last Checked: Oct 12 at 11:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Home Place Real Estate
Investment Insights
Based on property information with market context.
This multifamily property at 1140 N Kentucky Ave in Oklahoma City, Oklahoma, contains 1,368 square feet and was built in 1927. The property is located in the 73106 ZIP code.
Key Highlights
- 1,368‑square‑foot multifamily property
- Built in 1927
- Located at 1140 N Kentucky Ave, Oklahoma City, OK 73106
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,488
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,760
$249.8K
Cap Rate 7%
$178,400
$178.4K
Cap Rate 9%
$138,756
$138.8K
Market Conditions
NOI Build-Up for 1,368 SF
Gross rent
$18.9K $13.80/SF
− Vacancy
−$1.0K −$0.76/SF
EGI
$17.8K $13.04/SF
− OpEx
−$5.4K −$3.91/SF
NOI
$12.5K $9.13/SF
Area
Oklahoma City, OK
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,760
Cap Rate 7%
$178,400
Cap Rate 9%
$138,756
Alternative Uses
Best Use
Multifamily LT 5
$178.4K
$156.1K – $208.1K
NOI $12,488 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$165.1K
$144.4K – $192.6K
NOI $11,555 @ 7.0% cap · market cap 4.14%
Theoretical Best
Specialty Retail
$467.9K
$409.4K – $545.8K
NOI $32,750 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
Explore this area
Business Placement
Demographics for 73106, OK
12,956
Population
6,069
Households
2.1
Avg Household Size
32
Median Age
40%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
4,319
Density / Sq Mi
$51,934
Median Household Income
$32,145
Median Earnings
$1,050
Median Rent
$262,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - The building was constructed in 1927.
Where is this multifamily property located?
The property is located at 1140 N Kentucky Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 1,368‑square‑foot multifamily property; Built in 1927; Located at 1140 N Kentucky Ave, Oklahoma City, OK 73106
