Renovated 4-Unit
For Sale
$799,900
1805 N Gatewood Avenue Unit 1 & 2, Oklahoma City, OK 73106
Includes two two-bedroom residences and furnished garage efficiencies with updated systems, appliances, kitchens, and baths.
Property Size3,096 SF
Days on Market161
Property Features for 1805 N Gatewood Avenue Unit 1 & 2
General Information
Standard status
Active
Size
3,096 SF
Property subtype
Fourplex
Units
Unit Mix
2 x 2BR/1BA, 2 x efficiency
Multifamily Units
4
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$8,244
Building Details
Building Size
3,096 SF
Year Built
1927
Listing Agency:
King Real Estate Group
Listed By:
Stephanie Matthews · License #147831
(405) 370-7309
Source:
Stetsonbentley
Added: Apr 29
Changed: Sep 26
Last Checked: Oct 5 at 11:17PM
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
Investment Insights
Based on property information with market context.
This 3,096-square-foot quadplex, built in 1927, combines a renovated duplex with two furnished efficiency apartments located in the garage. Each duplex residence provides two bedrooms and one bathroom. The property has received extensive updates, including remodeled kitchens and bathrooms, new HVAC systems, replacement hot water tanks, and refreshed electrical and plumbing systems. Original wood flooring remains in the duplex units, while the efficiency apartments have also been updated. Refrigerators, washers, and dryers are included.
Exterior work includes newly poured concrete at the driveway and rear patio, new fencing, and structural piers. The property is located at 1805 N Gatewood Avenue in Oklahoma City’s Historic Gatewood addition, next to the Plaza District.
Exterior work includes newly poured concrete at the driveway and rear patio, new fencing, and structural piers. The property is located at 1805 N Gatewood Avenue in Oklahoma City’s Historic Gatewood addition, next to the Plaza District.
Key Highlights
- Four total units: a duplex plus two furnished efficiency garage apartments
- Each duplex unit includes 2 bedrooms and 1 bathroom
- 3,096 SF 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.
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Includes two two-bedroom residences and furnished garage efficiencies with updated systems, appliances, kitchens, and baths.
Where is this quadplex located?
The property is located at 1805 N Gatewood Avenue Unit 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: a duplex plus two furnished efficiency garage apartments; Each duplex unit includes 2 bedrooms and 1 bathroom; 3,096 SF property built in 1927
