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16-Unit Apartment Building
For Sale
$995,000

1731 NW 32nd Street, Oklahoma City, OK 73118

Commercial Sale, Oklahoma City, OK

Property Size11,948 SF
Lot Size0.45 Acres
Price / SF$83.28
Days on Market472

Property Features for 1731 NW 32nd Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Multi-Family
Directions Penn and Classen in Military Park, 1731 NW 32nd
Standard status Active
APN 1731NW32nd73118
Size 11,948 SF
Lot size 0.45 Acres

Amenities

on-site laundry

Building Details

Year built 1964
Floors in Building 2
Listing Agency: LIME Realty
Listed By: Kelly Heaton
Added: Jun 13, 2025 Changed: Sep 17 Last Checked: Sep 27 at 12:06PM
MLS# 1175629

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.

Investment Insights

Based on property information with market context.

Built in 1964, this 16-unit apartment building contains 11,948 square feet across a mix of 9 two-bedroom units, 6 one-bedroom units, and 1 three-bedroom unit. The electrical systems have been upgraded, and on-site laundry machines remain in place but are currently inactive. The property sits on 0.4545 acres and carries Multi-Family zoning.

Located at 1731 NW 32nd Street in Oklahoma City, the building is near major commuter routes, a college, and employment centers. The unit mix provides a range of apartment configurations within a single multifamily asset, while the existing laundry equipment adds an established operational feature for future consideration.

Key Highlights

  • 16‑unit apartment building with 9 two‑bedroom, 6 one‑bedroom, and 1 three‑bedroom units
  • 11,948 square feet on a 0.4545‑acre parcel
  • Electrical systems have been upgraded

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Dental Office Parking Lot & Garage Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

825
Businesses Nearby

Demographics for 73118, OK

13,521
Population
7,856
Households
1.7
Avg Household Size
37
Median Age
49%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
2,817
Density / Sq Mi
$69,321
Median Household Income
$45,494
Median Earnings
$1,064
Median Rent
$252,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Multi-Family-zoned property with upgraded electrical systems and on-site laundry machines currently not in use.
Where is this apartment building located?
The property is located at 1731 NW 32nd Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 16‑unit apartment building with 9 two‑bedroom, 6 one‑bedroom, and 1 three‑bedroom units; 11,948 square feet on a 0.4545‑acre parcel; Electrical systems have been upgraded
More about this property
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