Three-Unit Rental
1801 E Madison Street, Oklahoma City, OK 73111
For Sale
New
$225,000
Residential Income, Oklahoma City, OK
Property Size1,456 SF
Lot Size0.15 Acres
Price / SF$154.53
Days on Market3
Property Features for 1801 E Madison Street
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Parking
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Building Details
Year built
Building materials
Architectural style
Listing Agency:
Keystone Realty Group
(405) 845-4636
Listed By:
Lisa Wallis
(405) 202-0889
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 1257652
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.
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Investment Insights
Based on property information with market context.
This 1,456-square-foot property contains three rental units: one with three bedrooms and one bathroom, plus two units with one bedroom and one bathroom apiece. One unit is occupied. The building dates to 1930 and has brick and frame construction, with bungalow and Cape Cod architectural styles. The site measures 0.1492 acres.
The property is near the State Capitol, OU Medical Center, and downtown Oklahoma City.
The property is near the State Capitol, OU Medical Center, and downtown Oklahoma City.
Key Highlights
- Three rental units: one 3‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units
- One unit is currently occupied
- 1,456 square feet of building area on 0.1492 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,291
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,820
$265.8K
Cap Rate 7%
$189,871
$189.9K
Cap Rate 9%
$147,678
$147.7K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$20.1K $13.80/SF
− Vacancy
−$1.1K −$0.76/SF
EGI
$19.0K $13.04/SF
− OpEx
−$5.7K −$3.91/SF
NOI
$13.3K $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%
$265,820
Cap Rate 7%
$189,871
Cap Rate 9%
$147,678
Alternative Uses
Best Use
Multifamily LT 5
$189.9K
$166.1K – $221.5K
NOI $13,291 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$175.7K
$153.7K – $205.0K
NOI $12,298 @ 7.0% cap · market cap 5.47%
Theoretical Best
Specialty Retail
$498.0K
$435.7K – $581.0K
NOI $34,857 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
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Business Placement
Demographics for 73111, OK
11,451
Population
5,670
Households
2
Avg Household Size
42
Median Age
19%
College-Educated
86%
High-School Grad
8.6 sq mi
ZIP Area
1,332
Density / Sq Mi
$39,739
Median Household Income
$30,159
Median Earnings
$941
Median Rent
$109,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The layout combines a three-bedroom home with two one-bedroom units.
Where is this triplex located?
The property is located at 1801 E Madison Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Three rental units: one 3‑bedroom, 1‑bath unit and two 1‑bedroom, 1‑bath units; One unit is currently occupied; 1,456 square feet of building area on 0.1492 acres
