19-Unit Apartment
1625 NW 12th St, Oklahoma City, OK 73106
For Sale
$3,300,000
Two residential buildings combine varied apartment layouts with covered parking and private balconies.
Property Size13,015 SF
Days on Market10
Property Features for 1625 NW 12th St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Creek Commercial Realty
Listed By:
Aden Struble · License OK #209339
(405) 210-3910
Source:
Tcnworldwide
Added: Nov 1
Changed: Nov 8
Last Checked: Nov 8 at 2:22AM
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 Creek Commercial Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property comprises 19 units across two buildings. The primary building contains seven studios, seven one-bedroom, one-bath apartments, and two two-bedroom, two-bath apartments, with covered parking. A separate three-story building adds three studio apartments, each with a private balcony.
Key Highlights
- 19 apartments in two buildings
- Unit mix includes 7 studios, 7 one‑bedroom/one‑bath units, and 2 two‑bedroom/two‑bath units in the primary building
- Three‑story building contains 3 studio apartments with private balconies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,934
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,198,680
$2.2M
Cap Rate 7%
$1,570,486
$1.6M
Cap Rate 9%
$1,221,489
$1.2M
Market Conditions
NOI Build-Up for 13,015 SF
Gross rent
$210.8K $16.20/SF
− Vacancy
−$11.0K −$0.84/SF
EGI
$199.9K $15.36/SF
− OpEx
−$89.9K −$6.91/SF
NOI
$109.9K $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%
$2,198,680
Cap Rate 7%
$1,570,486
Cap Rate 9%
$1,221,489
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.37M – $1.83M
NOI $109,934 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.45M
$3.89M – $5.19M
NOI $311,579 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
19
Residential units
Location Intelligence
Trade Area within ½ mile
926
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
$262,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Oklahoma City, OK
Properties on Market for Apartment buildings in Oklahoma City
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two residential buildings combine varied apartment layouts with covered parking and private balconies.
Where is this apartment building located?
The property is located at 1625 NW 12th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 19 apartments in two buildings; Unit mix includes 7 studios, 7 one‑bedroom/one‑bath units, and 2 two‑bedroom/two‑bath units in the primary building; Three‑story building contains 3 studio apartments with private balconies
