1731 NW 32nd Street, Oklahoma City, OK 73118
MULTI_FAMILY - Oklahoma City, OK
- Added:
- Jun 13, 2025
- Days on Market:
- 375
- Last Refresh:
- Jun 22 at 10:06 am
Property Features for 1731 NW 32nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Standard status
- Active
- APN
- 1731NW32nd73118
- Size
- 11,948 SF
- Lot size
- 0.45 Acres
Building Details
- Year built
- 1964
- Floors in Building
- 2
Listing agent Kelly Heaton (405) 808-5265
Listing office LIME Realty 5909 NW Expressway, Oklahoma City, OK (405) 254-6310
Listing date Jun 13, 2025
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
- 16‑unit multifamily property built in 1964 in Oklahoma City
- Unit mix includes nine 2‑bedroom, six 1‑bedroom, and one 3‑bedroom unit
- Currently 85% occupancy with stated cash‑flowing performance
- Ownership has fully upgraded electrical systems for lower‑maintenance operations
- Pre‑inspection report and roof report available upon request
- On‑site laundry machines currently not in use
Overview
Located at 1731 NW 32nd Street in Oklahoma City, Oklahoma, the community is positioned near major commuter routes, a college, and employment centers, which can be helpful for attracting and retaining renters in the area.
For investors or operators seeking a manageable multifamily platform, the electrical upgrades and existing laundry infrastructure provide a straightforward foundation for day-to-day management. The current unit mix offers flexibility for different renter profiles, from one-bedroom to larger households. Interested parties can request the financial package, including the rent roll and available reports, and schedule a private showing to review the property’s current condition and operating details.
Local Financial Insights For Apartment 5plus
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 | $193.6k | $16.20 |
| − Vacancy | −$10.1k | −$0.84 |
| EGI | $183.5k | $15.36 |
| − OpEx | −$82.6k | −$6.91 |
| NOI | $100.9k | $8.45 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.541823
- Latitude
- 35.503361