5-Unit Fully Remodeled Multifamily

1818 NW 29th Street Oklahoma City, OK 73106

Claim this Listing
For Sale
$564,000

MULTI_FAMILY - Craftsman - Oklahoma City, OK

Property size:
4,616 SF
Lot size:
0.16 Acres
Price / SF:
$122/SF
Added:
Feb 21, 2026
Days on Market:
142
Last Refresh:
Jul 13 at 11:06 am

Property Features for 1818 NW 29th Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
8
Rooms
Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 5, Bedroom 7, Bedroom 8, Bathroom 6, Bathroom 8, Bathroom 7
Parking
8
Appliances
Water Heater
Standard status
Active
APN
1818NW29th73106
Size
4,616 SF
Lot size
0.16 Acres

Utilities

Heating system
Natural Gas
Cooling system
Electric, Central Air

Building Details

Year built
1933
Floors in Building
2
Building materials
Brick & Frame, Stone
Roof type
Composition
Architectural style
Craftsman

Listing agent Paul Brooks License #116430

Listing office RE/MAX Preferred 3121 Quail Springs Prkwy, Okla. City, OK

Listing date Feb 21, 2026

MLS# 1215446 Listing URL

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.

This multifamily apartment building offers 5 fully remodeled units totaling 4,616 square feet, situated on a 0.1607-acre lot. The property includes extensive 2023 renovations, featuring a new roof and updated mechanicals. Each unit is equipped with individual washer/dryer hookups, supporting in-unit convenience and day-to-day tenant functionality. The building is presented as turn-key and fully leased, with 8 bathrooms across the combined unit mix.

The property is located at 1818 NW 29th Street in Oklahoma City, Oklahoma (73106). Public remarks indicate it is within walking distance to OCU and only minutes from Midtown and The Paseo, placing it in a more walkable and established area of the city.

For buyers seeking a low-effort ownership transition, the fully leased status and 2023 renovation work reduce near-term capital and operational disruption. The unit-level washer/dryer hookups are a practical tenant amenity that can support resident satisfaction and reduce laundry-related friction. Buyer is responsible for verifying all details.

Key Highlights

  • Fully leased multi‑unit property with 5 units
  • Extensive 2023 renovations, including a new roof and updated mechanicals
  • 8 bedrooms and 8 bathrooms across 4,616 SF

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $74.8k $16.20
− Vacancy −$3.9k −$0.84
EGI $70.9k $15.36
− OpEx −$31.9k −$6.91
NOI $39.0k $8.45
4,616 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$557.0K
$487.4K – $649.8K (±1% cap)
NOI $38,990 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.58M
$1.38M – $1.84M (±1% cap)
NOI $110,507 @ 7.0% cap · market cap 19.59%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

SEOCreed Advertising Agency

Suggested Use

Dental Office Building Supply Parking Lot & Garage Electrical Service Big Box & Wholesale Store (Bike/Boat/Book/etc) Store HVAC Service Pet Grooming Service (Bike/Boat/Book/etc) Store Furniture & Home Goods

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Fully leased 5-unit property with 2023 renovations, including a new roof and individual washer/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 $564,000.
What are key features of this property?
This property features: Fully leased multi‑unit property with 5 units; Extensive 2023 renovations, including a new roof and updated mechanicals; 8 bedrooms and 8 bathrooms across 4,616 SF
Contact an agent
More about this property
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