Six-Unit Brick Multifamily
New
For Sale
$730,000
135 NW 17th St, Oklahoma City, OK 73103
Two historic brick buildings combine varied apartment layouts, private outdoor space, and shared parking in Oklahoma City.
Property Size6,092 SF
Price / SF$119.83
Days on Market7
Property Features for 135 NW 17th St
General Information
Standard status
Active
Size
6,092 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA, 2 x 2BR/2BA
Multifamily Units
6
Amenities
private porch or balcony
laundry
Building Details
Year Built
1922
Buildings
2
Construction
Prairie-style
Listing Agency:
Chinowth & Cohen
Listed By:
Justin Brannon
(405) 503-3968
Source:
Kathleenforrest
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 5 at 9:05PM
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 Chinowth & Cohen
Investment Insights
Based on property information with market context.
This six-unit multifamily property comprises two brick buildings completed in 1922, with 6,092 square feet in total. The four-unit building contains four one-bedroom, one-bath apartments, each with a private porch or balcony, along with shared laundry in the central hall. The adjacent duplex has two two-bedroom, two-bath apartments, each with a private porch. Hardwood floors run throughout the duplex units. A 2021 renovation updated both duplex kitchens, added a second bathroom to each unit, and installed dedicated laundry. The kitchen in one apartment in the four-unit building was also updated that year. A replacement sewer line extends to the city main.
Residents share a four-car garage and a two-car circle drive. The property is in Oklahoma City’s Heritage Hills neighborhood, within walking and biking distance of Midtown, Automobile Alley, and the Uptown 23rd District. Downtown Oklahoma City, the OU Health Sciences Center, and the St. Anthony health complex are a short drive away.
Residents share a four-car garage and a two-car circle drive. The property is in Oklahoma City’s Heritage Hills neighborhood, within walking and biking distance of Midtown, Automobile Alley, and the Uptown 23rd District. Downtown Oklahoma City, the OU Health Sciences Center, and the St. Anthony health complex are a short drive away.
Key Highlights
- Six apartments across two brick buildings totaling 6,092 square feet
- Four‑unit building: four 1‑bedroom, 1‑bath apartments with private porches or balconies
- Duplex: two 2‑bedroom, 2‑bath apartments, each with a private porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,612
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,112,240
$1.1M
Cap Rate 7%
$794,457
$794.5K
Cap Rate 9%
$617,911
$617.9K
Market Conditions
NOI Build-Up for 6,092 SF
Gross rent
$84.1K $13.80/SF
− Vacancy
−$4.6K −$0.76/SF
EGI
$79.4K $13.04/SF
− OpEx
−$23.8K −$3.91/SF
NOI
$55.6K $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%
$1,112,240
Cap Rate 7%
$794,457
Cap Rate 9%
$617,911
Alternative Uses
Best Use
Multifamily LT 5
$794.5K
$695.2K – $926.9K
NOI $55,612 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$735.1K
$643.2K – $857.6K
NOI $51,457 @ 7.0% cap · market cap 7.05%
Theoretical Best
Specialty Retail
$2.08M
$1.82M – $2.43M
NOI $145,842 @ 7.0% cap · market cap 19.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,736
Businesses Nearby
Explore this area
Business Placement
Demographics for 73103, OK
5,046
Population
3,489
Households
1.4
Avg Household Size
34
Median Age
61%
College-Educated
99%
High-School Grad
1.2 sq mi
ZIP Area
4,205
Density / Sq Mi
$56,934
Median Household Income
$50,055
Median Earnings
$954
Median Rent
$400,400
Median Home Value
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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?
Quadplex - Two historic brick buildings combine varied apartment layouts, private outdoor space, and shared parking in Oklahoma City.
Where is this quadplex located?
The property is located at 135 NW 17th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Six apartments across two brick buildings totaling 6,092 square feet; Four‑unit building: four 1‑bedroom, 1‑bath apartments with private porches or balconies; Duplex: two 2‑bedroom, 2‑bath apartments, each with a private porch
