Renovated Apartment
For Sale
Contact for pricing
Pending
200 NE 14th St, Oklahoma City, OK 73104
Multifamily property with keypad entry, on-site laundry, all-electric systems, and dedicated parking.
Property Size9,972 SF
Days on Market181
Property Features for 200 NE 14th St
General Information
Standard status
Pending
Size
9,972 SF
Class
C
Property subtype
Multifamily
Zoning
R-1
Investment Type
Stabilized
Amenities
on-site laundry facility
keypad-controlled access
Building Details
Year Built
1923
Stories
3
Units
14
Tenancy
Multi
Listing Agency:
Salt Real Estate, Inc
Listed By:
Robert Williams · License #OK 143285
(405) 822-2877
Source:
Crexi
Added: Apr 21
Changed: Oct 15
Last Checked: Oct 16 at 7:48AM
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 Salt Real Estate, Inc
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Investment Insights
Based on property information with market context.
This 9,972-square-foot apartment building dates to 1923 and has undergone renovation with durable Dura-Roof rubber roofing, energy-efficient vinyl windows, and updated all-electric mechanical systems. Keypad-controlled entry, an on-site laundry facility, and ample parking support daily operations for residents.
The property is within walking distance of the OU Health & Sciences Center in Oklahoma City and is zoned R-1. Its setting includes surrounding single-family homes, providing a residential context for the multifamily asset.
The property is within walking distance of the OU Health & Sciences Center in Oklahoma City and is zoned R-1. Its setting includes surrounding single-family homes, providing a residential context for the multifamily asset.
Key Highlights
- 9,972 SF apartment building constructed in 1923
- Renovated with Dura‑Roof rubber roofing and energy‑efficient vinyl windows
- Keypad‑controlled access and all‑electric mechanical systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,230
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,684,600
$1.7M
Cap Rate 7%
$1,203,286
$1.2M
Cap Rate 9%
$935,889
$935.9K
Market Conditions
NOI Build-Up for 9,972 SF
Gross rent
$161.5K $16.20/SF
− Vacancy
−$8.4K −$0.84/SF
EGI
$153.1K $15.36/SF
− OpEx
−$68.9K −$6.91/SF
NOI
$84.2K $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%
$1,684,600
Cap Rate 7%
$1,203,286
Cap Rate 9%
$935,889
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,230 @ 7.0% cap · market cap 8.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.41M
$2.98M – $3.98M
NOI $238,730 @ 7.0% cap · market cap 23.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,292
Businesses Nearby
Explore this area
Business Placement
Demographics for 73104, OK
3,545
Population
2,405
Households
1.5
Avg Household Size
29
Median Age
75%
College-Educated
97%
High-School Grad
1.6 sq mi
ZIP Area
2,216
Density / Sq Mi
$69,886
Median Household Income
$59,023
Median Earnings
$1,536
Median Rent
$341,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with keypad entry, on-site laundry, all-electric systems, and dedicated parking.
Where is this apartment building located?
The property is located at 200 NE 14th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 9,972 SF apartment building constructed in 1923; Renovated with Dura‑Roof rubber roofing and energy‑efficient vinyl windows; Keypad‑controlled access and all‑electric mechanical systems
