6-Unit Multifamily
For Sale
$748,000
Pending
1303 NW 22nd Street, Oklahoma City, OK 73106
Residential Income, Oklahoma City, OK
Property Size5,984 SF
Lot Size0.16 Acres
Days on Market94
Property Features for 1303 NW 22nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
7
Full bathrooms
6
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 3, Bathroom 4, Bedroom 4, Bathroom 6, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 8, Bathroom 5, Bedroom 2, Bathroom 7, Bedroom 1, Bedroom 7, Bedroom 6
Lot features
Corner Lot
Elementary school
Eugene Field ES
Middle school
Moon MS
High school
Douglass HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
Turn west off Classen Blvd., on NW 22nd St. Property is on the NW corner of 22nd St and Ellison
Standard status
Pending
APN
1303NW22nd73106
Size
5,984 SF
Lot size
0.16 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric
Amenities
common courtyard
in-unit washer/dryer
Building Details
Year built
1910
Floors in Building
2
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Modern
Listing Agency:
Metro First Realty
(405) 242-4004
Listed By:
Steve Wood
(405) 202-8808
Added: Jul 15
Changed: Oct 15
Last Checked: Oct 16 at 7:06PM
MLS# 1239180
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1910 multifamily property includes two buildings arranged around a shared courtyard, totaling 5,984 square feet on a 0.1607-acre lot. The unit mix comprises a duplex and a fourplex. The duplex has a two-bedroom, 1.5-bath apartment and a one-bedroom, one-bath apartment. In the second building, a two-bedroom, one-bath unit with an attached two-car garage is joined by three upper-level units: one one-bedroom apartment and two lofts. All six units are currently rented.
The buildings have brick and frame construction, natural gas heating, and electric cooling. Washer and dryer sets are provided in each apartment other than the two lofts. Tenants pay utilities except for water and trash.
The buildings have brick and frame construction, natural gas heating, and electric cooling. Washer and dryer sets are provided in each apartment other than the two lofts. Tenants pay utilities except for water and trash.
Key Highlights
- Six units across two buildings: one duplex and one fourplex
- 5,984 square feet on a 0.1607‑acre lot
- Built in 1910; brick and frame construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,626
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,520
$1.1M
Cap Rate 7%
$780,371
$780.4K
Cap Rate 9%
$606,956
$607.0K
Market Conditions
NOI Build-Up for 5,984 SF
Gross rent
$82.6K $13.80/SF
− Vacancy
−$4.5K −$0.76/SF
EGI
$78.0K $13.04/SF
− OpEx
−$23.4K −$3.91/SF
NOI
$54.6K $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%
$1,092,520
Cap Rate 7%
$780,371
Cap Rate 9%
$606,956
Alternative Uses
Best Use
Multifamily LT 5
$780.4K
$682.8K – $910.4K
NOI $54,626 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$722.1K
$631.8K – $842.4K
NOI $50,545 @ 7.0% cap · market cap 6.76%
Theoretical Best
Specialty Retail
$2.05M
$1.79M – $2.39M
NOI $143,257 @ 7.0% cap · market cap 19.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,277
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Two buildings share a courtyard, with a mix of bedroom apartments and lofts and in-unit laundry in all non-loft units.
Where is this multifamily property located?
The property is located at 1303 NW 22nd Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $748,000.
What are key features of this property?
This property features: Six units across two buildings: one duplex and one fourplex; 5,984 square feet on a 0.1607‑acre lot; Built in 1910; brick and frame construction
