Renovated 5-Unit Apartment
1818 NW 29th Street, Oklahoma City, OK 73106
For Sale
$544,000
Residential Income, Oklahoma City, OK
Property Size4,616 SF
Lot Size0.16 Acres
Price / SF$117.85
Days on Market265
Property Features for 1818 NW 29th Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Appliances
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
Utilities
Heating system
Cooling system
Amenities
washer/dryer hookups
Building Details
Year built
Floors in Building
Building materials
Roof type
Architectural style
Listing Agency:
RE/MAX Preferred · RE/MAX International
(405) 751-4848
Listed By:
Paul Brooks · License OK #116430
(405) 990-0548
Added: Feb 21
Changed: Nov 1
Last Checked: Nov 12 at 7:06AM
MLS# 1215446
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 5-unit apartment property contains 4,616 square feet, with 8 bedrooms and 8 bathrooms. Renovations completed in 2023 included a new roof and updates to the mechanical systems. Each residence has individual washer and dryer hookups. The building dates to 1933 and has brick-and-frame and stone construction, central natural gas heating, and electric cooling.
The 0.1607-acre property is in Oklahoma City, within walking distance of OCU and a short drive from Midtown and The Paseo. All five units are currently leased, and the property reports an 8.69% cap rate.
The 0.1607-acre property is in Oklahoma City, within walking distance of OCU and a short drive from Midtown and The Paseo. All five units are currently leased, and the property reports an 8.69% cap rate.
Key Highlights
- Five apartment units, all leased
- 4,616 square feet with 8 bedrooms and 8 bathrooms
- 2023 renovations included a new roof and mechanical updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,990
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,800
$779.8K
Cap Rate 7%
$557,000
$557.0K
Cap Rate 9%
$433,222
$433.2K
Market Conditions
NOI Build-Up for 4,616 SF
Gross rent
$74.8K $16.20/SF
− Vacancy
−$3.9K −$0.84/SF
EGI
$70.9K $15.36/SF
− OpEx
−$31.9K −$6.91/SF
NOI
$39.0K $8.45/SF
Area
Oklahoma City, OK
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,800
Cap Rate 7%
$557,000
Cap Rate 9%
$433,222
Alternative Uses
Best Use
Apartment 5plus
$557.0K
$487.4K – $649.8K
NOI $38,990 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.58M
$1.38M – $1.84M
NOI $110,507 @ 7.0% cap · market cap 20.31%
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
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
948
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
$262,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Oklahoma City, OK
Properties on Market for Apartment buildings in Oklahoma City
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - All five residences are leased and have individual washer and dryer hookups.
Where is this apartment building located?
The property is located at 1818 NW 29th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $544,000.
What are key features of this property?
This property features: Five apartment units, all leased; 4,616 square feet with 8 bedrooms and 8 bathrooms; 2023 renovations included a new roof and mechanical updates
