Renovated Quadplex with Garage
1805 N Gatewood Avenue 1 & 2, Oklahoma City, OK 73106
For Sale
$799,900
Four-unit residential property with updated interiors, furnished efficiency apartments, and included laundry and kitchen appliances.
Property Size3,096 SF
Price / SF$258.37
Days on Market57
Property Features for 1805 N Gatewood Avenue 1 & 2
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
King Real Estate Group
Listed By:
Stephanie Matthews · License OK #147831
(405) 370-7309
Source:
Vibrantok
Added: Sep 19
Changed: Nov 12
Last Checked: Nov 12 at 12:30PM
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 King Real Estate Group
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Investment Insights
Based on property information with market context.
Built in 1927, this 3,096-square-foot quadplex combines a renovated duplex with two furnished efficiency apartments located in the garage area. Each duplex unit provides 2 bedrooms and 1 bathroom, while the efficiency units have also received updates. Improvements include remodeled kitchens and bathrooms, refreshed electrical and plumbing systems, new HVAC equipment, hot water tanks, and original wood flooring. Refrigerators, washers, and dryers are included with the property.
Exterior work includes a newly poured concrete driveway and back patio, new fencing, and structural piers. The property is located at 1805 N Gatewood Avenue 1 & 2 in Oklahoma City, near the Plaza District and within the Historic Gatewood addition.
Exterior work includes a newly poured concrete driveway and back patio, new fencing, and structural piers. The property is located at 1805 N Gatewood Avenue 1 & 2 in Oklahoma City, near the Plaza District and within the Historic Gatewood addition.
Key Highlights
- Four total units, including a duplex and two efficiency garage apartments
- Each duplex unit includes 2 bedrooms and 1 bathroom
- 3,096 square feet on a property built in 1927
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,262
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,240
$565.2K
Cap Rate 7%
$403,743
$403.7K
Cap Rate 9%
$314,022
$314.0K
Market Conditions
NOI Build-Up for 3,096 SF
Gross rent
$42.7K $13.80/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$40.4K $13.04/SF
− OpEx
−$12.1K −$3.91/SF
NOI
$28.3K $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%
$565,240
Cap Rate 7%
$403,743
Cap Rate 9%
$314,022
Alternative Uses
Best Use
Multifamily LT 5
$403.7K
$353.3K – $471.0K
NOI $28,262 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$373.6K
$326.9K – $435.9K
NOI $26,151 @ 7.0% cap · market cap 3.27%
Theoretical Best
Specialty Retail
$1.06M
$926.5K – $1.24M
NOI $74,118 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,134
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
$262,500
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Oklahoma City, OK
Properties on Market for Quadplexes in Oklahoma City
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with updated interiors, furnished efficiency apartments, and included laundry and kitchen appliances.
Where is this quadplex located?
The property is located at 1805 N Gatewood Avenue 1 & 2 Oklahoma City, OK.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Four total units, including a duplex and two efficiency garage apartments; Each duplex unit includes 2 bedrooms and 1 bathroom; 3,096 square feet on a property built in 1927
