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    3204 S Portland Ave Oklahoma City, OK 73119

    For Sale
    $805,000

    Eleven-unit property with vacant lot, development opportunity.

    Lot size:
    0.89 Acres

    Property Features for 3204 S Portland Ave

    General Information

    Interior features
    1, : "Floor Furnace", "2": "Window Unit(s)"
    Exterior features
    1, : "Architecural Shingle"
    Lot size
    0.89 Acres

    Building Details

    Year built
    1950

    Source: Lionshead Property Management Agent Alan Larsen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Property with Development Potential

    This property features an eleven-unit complex situated on three separate lots. Each unit includes two bedrooms and one bathroom. Two of the lots are improved with buildings, while the third lot is vacant land previously occupied by another multifamily structure. The property is currently generating approximately $8,360 per month in gross income. The lots are zoned R-4, presenting an opportunity for constructing additional units and enhancing the area's value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness Daycare 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
    -97.582993
    Latitude
    35.431845

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    FAQs

    What type of property is this?
    Apartment building - Eleven-unit property with vacant lot, development opportunity.
    Where is this apartment building located?
    The property is located at 3204 S Portland Ave Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $805,000.
    What are key features of this property?
    This property features: - Opportunity to build additional units on vacant lot due to R-4 zoning.; - 11 units, each with **2 beds and 1 bath**.; - Three separate lots included in the sale.
    Request Owner's contact information
    3204 S Portland Ave Oklahoma City, OK 73119
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3204 S Portland Ave Oklahoma City, OK 73119
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