4-Unit Apartment
200 NW 17th Street, Oklahoma City, OK 73103
For Sale
$605,000
Four leased residences each include a washer and dryer, offering an established residential income property.
Property Size4,100 SF
Price / SF$147.56
Days on Market270
Property Features for 200 NW 17th Street
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer and dryer
Building Details
Building Size
Year Built
Listing Agency:
Hive Real Estate
Listed By:
Kevin Miller
(405) 255-3128
Source:
Lwrealtygroupllc
Added: Feb 14
Changed: Nov 7
Last Checked: Nov 9 at 2:20PM
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 Hive Real Estate
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Investment Insights
Based on property information with market context.
Built in 1922, this four-unit apartment property contains 4,100 square feet. Each residence has one bedroom, one bathroom, a living room, and an in-unit washer and dryer. Architectural details are also noted throughout the building, and all four units are leased.
The property occupies a corner lot at 200 NW 17th Street in Oklahoma City. It is within walking distance of Downtown Oklahoma City, Automobile Alley, the Uptown 23rd District, and the Plaza District.
The property occupies a corner lot at 200 NW 17th Street in Oklahoma City. It is within walking distance of Downtown Oklahoma City, Automobile Alley, the Uptown 23rd District, and the Plaza District.
Key Highlights
- Four 1‑bedroom, 1‑bathroom units
- All four apartments are leased
- 4,100 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,428
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,560
$748.6K
Cap Rate 7%
$534,686
$534.7K
Cap Rate 9%
$415,867
$415.9K
Market Conditions
NOI Build-Up for 4,100 SF
Gross rent
$56.6K $13.80/SF
− Vacancy
−$3.1K −$0.76/SF
EGI
$53.5K $13.04/SF
− OpEx
−$16.0K −$3.91/SF
NOI
$37.4K $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%
$748,560
Cap Rate 7%
$534,686
Cap Rate 9%
$415,867
Alternative Uses
Best Use
Multifamily LT 5
$534.7K
$467.9K – $623.8K
NOI $37,428 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$494.7K
$432.9K – $577.2K
NOI $34,631 @ 7.0% cap · market cap 5.72%
Theoretical Best
Specialty Retail
$1.40M
$1.23M – $1.64M
NOI $98,154 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,736
Businesses Nearby
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Business Placement
Demographics for 73103, OK
5,046
Population
3,489
Households
1.4
Avg Household Size
34
Median Age
61%
College-Educated
99%
High-School Grad
1.2 sq mi
ZIP Area
4,205
Density / Sq Mi
$56,934
Median Household Income
$50,055
Median Earnings
$954
Median Rent
$400,400
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Oklahoma City, OK
Properties on Market for Quadplexes in Oklahoma City
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four leased residences each include a washer and dryer, offering an established residential income property.
Where is this quadplex located?
The property is located at 200 NW 17th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom units; All four apartments are leased; 4,100 square feet
