1615 N Land Avenue, Oklahoma City, OK 73107
MULTI_FAMILY - Bungalow - Oklahoma City, OK
- Added:
- Jan 25, 2026
- Days on Market:
- 150
- Last Refresh:
- Jun 24 at 10:06 pm
Property Features for 1615 N Land Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 1
- Parking
- 4
- Fireplace
- 1
- Appliances
- Refrigerator, Water Heater
- Standard status
- Active
- APN
- 1615NLand1/273107
- Size
- 2,880 SF
- Lot size
- 0.17 Acres
Utilities
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1928
- Floors in Building
- 4
- Building materials
- Brick & Frame
- Roof type
- Composition
- Architectural style
- Bungalow
Listing agent Alyssa Dyer License #161164 (405) 568-7295
Listing office Table Property Network PO Box 18463, Oklahoma City, OK (405) 568-7295
Listing date Jan 25, 2026
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.
HighLights
- Well‑maintained 4‑unit multifamily made up of two duplexes on a single lot
- Rare 4‑car garage plus all structures on one lot
- Major capital improvements completed in 2018–2019: new roof, foundation work, new siding, exterior paint, vinyl windows, gutters, and rebuilt exterior stairs
- Fenced yards added in 2020
- All units separately metered for gas and electric; two water meters (one per duplex)
- 1928 brick & frame bungalow with composition roof; fireplace present; window AC units
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.7k | $13.80 |
| − Vacancy | −$2.2k | −$0.76 |
| EGI | $37.6k | $13.04 |
| − OpEx | −$11.3k | −$3.91 |
| NOI | $26.3k | $9.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.572471
- Latitude
- 35.485805
