4-Unit Multifamily
For Sale
$375,000
1900 W Park Place, Oklahoma City, OK 73106
Two duplex buildings offer separately entered residences, with all units currently leased.
Property Size2,659 SF
Days on Market22
Property Features for 1900 W Park Place
General Information
Standard status
Active
Size
2,659 SF
Property subtype
Fourplex
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,051
Amenities
covered porches
mature trees
outdoor space
on-site parking
Building Details
Building Size
2,659 SF
Year Built
1921
Buildings
2
Listing Agency:
Sage Sotheby's Realty
Listed By:
Julie Snowder
(405) 641-6451
Source:
Stetsonbentley
Added: Sep 16
Changed: Oct 4
Last Checked: Oct 7 at 5:29PM
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 Sage Sotheby's Realty
Investment Insights
Based on property information with market context.
Two duplexes comprise this 2,659-square-foot multifamily property, with four rental units in total. Each residence has one bedroom, one bathroom, a private entrance, and its own living area. Interior features include updated flooring and kitchens with painted cabinets and butcher-block counters. Covered porches, mature trees, outdoor space, and additional on-site parking round out the property.
The property is in Oklahoma City’s Plaza District, near dining, retail, entertainment, and local businesses. Downtown Oklahoma City and other urban districts are also identified as nearby destinations.
The property is in Oklahoma City’s Plaza District, near dining, retail, entertainment, and local businesses. Downtown Oklahoma City and other urban districts are also identified as nearby destinations.
Key Highlights
- Four rental units arranged across two duplexes
- Each unit has one bedroom, one bathroom, and a private entrance
- All four units are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,460
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,200
$449.2K
Cap Rate 7%
$320,857
$320.9K
Cap Rate 9%
$249,556
$249.6K
Market Conditions
NOI Build-Up for 2,659 SF
Gross rent
$43.1K $16.20/SF
− Vacancy
−$2.2K −$0.84/SF
EGI
$40.8K $15.36/SF
− OpEx
−$18.4K −$6.91/SF
NOI
$22.5K $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%
$449,200
Cap Rate 7%
$320,857
Cap Rate 9%
$249,556
Alternative Uses
Best Use
Apartment 5plus
$320.9K
$280.8K – $374.3K
NOI $22,460 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$909.4K
$795.7K – $1.06M
NOI $63,656 @ 7.0% cap · market cap 16.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
738
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Multifamily property - Two duplex buildings offer separately entered residences, with all units currently leased.
Where is this multifamily property located?
The property is located at 1900 W Park Place Oklahoma City, OK.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four rental units arranged across two duplexes; Each unit has one bedroom, one bathroom, and a private entrance; All four units are currently leased
