Two-Home Multifamily
For Sale
$199,000
3629 NW 14th St, Oklahoma City, OK 73107
Two residences share one parcel, with a detached garage and one remodeled home already producing rental income.
Property Size1,534 SF
Price / SF$129.73
Days on Market64
Property Features for 3629 NW 14th St
General Information
Standard status
Active
Size
1,534 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1925
Listing Agency:
Atrium Realty
Listed By:
Benjamin Tubbs
(405) 808-7030
Source:
Sarahflemingestates
Added: Aug 5
Changed: Sep 10
Last Checked: Oct 7 at 3:24PM
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 Atrium Realty
Investment Insights
Based on property information with market context.
This multifamily property includes two separate homes on a single lot, along with an oversized detached two-car garage positioned between them. The property contains 1,534 square feet in total. The rear residence has been fully remodeled and offers two bedrooms and two bathrooms; it is currently occupied by a tenant. The front residence includes two bedrooms and one bathroom and is positioned for restoration or remodeling. New countertops and flooring materials are already at the property for potential installation before closing.
Located at 3629 NW 14th St in Oklahoma City, the property is near downtown, shopping, dining, and major highways. The two-residence layout supports separate occupancy, including an arrangement with one home occupied by the owner and the other rented, subject to applicable requirements.
Located at 3629 NW 14th St in Oklahoma City, the property is near downtown, shopping, dining, and major highways. The two-residence layout supports separate occupancy, including an arrangement with one home occupied by the owner and the other rented, subject to applicable requirements.
Key Highlights
- Two homes on one lot at 3629 NW 14th St, Oklahoma City, OK
- 1,534 square feet across two separate residences
- Rear home fully remodeled with 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,957
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,140
$259.1K
Cap Rate 7%
$185,100
$185.1K
Cap Rate 9%
$143,967
$144.0K
Market Conditions
NOI Build-Up for 1,534 SF
Gross rent
$24.9K $16.20/SF
− Vacancy
−$1.3K −$0.84/SF
EGI
$23.6K $15.36/SF
− OpEx
−$10.6K −$6.91/SF
NOI
$13.0K $8.45/SF
Area
Oklahoma City, OK
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,140
Cap Rate 7%
$185,100
Cap Rate 9%
$143,967
Alternative Uses
Best Use
Apartment 5plus
$185.1K
$162.0K – $216.0K
NOI $12,957 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$524.6K
$459.1K – $612.1K
NOI $36,724 @ 7.0% cap · market cap 18.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Explore this area
Business Placement
Demographics for 73107, OK
26,318
Population
12,621
Households
2.1
Avg Household Size
34
Median Age
31%
College-Educated
80%
High-School Grad
7.6 sq mi
ZIP Area
3,463
Density / Sq Mi
$58,428
Median Household Income
$38,753
Median Earnings
$1,014
Median Rent
$143,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two residences share one parcel, with a detached garage and one remodeled home already producing rental income.
Where is this multifamily property located?
The property is located at 3629 NW 14th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two homes on one lot at 3629 NW 14th St, Oklahoma City, OK; 1,534 square feet across two separate residences; Rear home fully remodeled with 2 bedrooms and 2 bathrooms
