Occupied Fourplex Near
For Sale
$900,000
2008 NW 27th St, Oklahoma City, OK 73106
Two duplex buildings offer contemporary layouts, established occupancy, and proximity to Oklahoma City University and Midtown amenities.
Property Size4,176 SF
Price / SF$215.52
Days on Market47
Property Features for 2008 NW 27th St
General Information
Standard status
Active
Size
4,176 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/2.5BA
Multifamily Units
4
Building Details
Year Built
2023
Buildings
2
Listing Agency:
Homestead + Co
Listed By:
Brandon Just · License #179315
(405) 623-2021
Source:
Alloverok
Added: Sep 6
Changed: Oct 16
Last Checked: Oct 7 at 5:11PM
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 Homestead + Co
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Investment Insights
Based on property information with market context.
This multifamily property comprises two duplex buildings on one lot, with four matching residences configured as two-bedroom, two-and-a-half-bath units. Each unit includes an open-concept floor plan, contemporary kitchen, and dedicated living areas. The property was built in 2023 and all four residences are occupied.
The property is located near Oklahoma City University and Midtown, with access to the shops and restaurants in that area. Downtown Oklahoma City is also nearby, adding broader urban connectivity to the surrounding residential setting.
The four-unit configuration provides a consistent unit mix across the property, while the matching layouts create a straightforward operating profile for an owner or portfolio buyer.
The property is located near Oklahoma City University and Midtown, with access to the shops and restaurants in that area. Downtown Oklahoma City is also nearby, adding broader urban connectivity to the surrounding residential setting.
The four-unit configuration provides a consistent unit mix across the property, while the matching layouts create a straightforward operating profile for an owner or portfolio buyer.
Key Highlights
- Four occupied units provide an established rental operation
- Two duplex buildings situated on one lot
- Four identical 2‑bedroom, 2.5‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,121
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,420
$762.4K
Cap Rate 7%
$544,586
$544.6K
Cap Rate 9%
$423,567
$423.6K
Market Conditions
NOI Build-Up for 4,176 SF
Gross rent
$57.6K $13.80/SF
− Vacancy
−$3.2K −$0.76/SF
EGI
$54.5K $13.04/SF
− OpEx
−$16.3K −$3.91/SF
NOI
$38.1K $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%
$762,420
Cap Rate 7%
$544,586
Cap Rate 9%
$423,567
Alternative Uses
Best Use
Multifamily LT 5
$544.6K
$476.5K – $635.4K
NOI $38,121 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$503.9K
$440.9K – $587.9K
NOI $35,273 @ 7.0% cap · market cap 3.92%
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $99,973 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
728
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Two duplex buildings offer contemporary layouts, established occupancy, and proximity to Oklahoma City University and Midtown amenities.
Where is this quadplex located?
The property is located at 2008 NW 27th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Four occupied units provide an established rental operation; Two duplex buildings situated on one lot; Four identical 2‑bedroom, 2.5‑bath units
