Renovated Quadplex with
For Sale
$468,000
2321 NW 12th Street Unit A, Oklahoma City, OK 73107
Four spacious residences feature central HVAC, individual water heaters, and shared basement laundry amenities.
Property Size3,496 SF
Days on Market1376
Property Features for 2321 NW 12th Street Unit A
General Information
Standard status
Active
Size
3,496 SF
Property subtype
Fourplex
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,627
Amenities
laundry facilities
emergency fire hydrant system
Building Details
Building Size
3,496 SF
Year Built
1932
Buildings
1
Listing Agency:
LIME Realty
Listed By:
Debi Norris · License #129103
(704) 609-1395
Source:
Stetsonbentley
Added: Jan 10, 2023
Changed: Oct 2
Last Checked: Oct 16 at 6:11PM
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 LIME Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential income property contains 3,496 square feet with a configuration of four two-bedroom, one-bath apartments. The building, originally constructed in 1932, has undergone a comprehensive interior and systems renovation, including replacement of the sewer line to the mainline. Each apartment includes central heat and air, updated windows throughout, and a dedicated water heater. Basement laundry equipment serves the residents, while an emergency fire hydrant system supports the property.
One apartment is located on the ground level and is accessible. Electric service is separately paid by residents, while water, trash, and sewer costs are shared equally among the units; ownership covers electricity for common areas. The property is reported as 100% occupied and is positioned near downtown Oklahoma City, shopping, the Plaza District, and Bricktown.
One apartment is located on the ground level and is accessible. Electric service is separately paid by residents, while water, trash, and sewer costs are shared equally among the units; ownership covers electricity for common areas. The property is reported as 100% occupied and is positioned near downtown Oklahoma City, shopping, the Plaza District, and Bricktown.
Key Highlights
- Four‑unit property with four 2‑bedroom, 1‑bath apartments
- 3,496 square feet; built in 1932
- Comprehensive renovation included sewer line replacement to the mainline
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,914
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,280
$638.3K
Cap Rate 7%
$455,914
$455.9K
Cap Rate 9%
$354,600
$354.6K
Market Conditions
NOI Build-Up for 3,496 SF
Gross rent
$48.2K $13.80/SF
− Vacancy
−$2.7K −$0.76/SF
EGI
$45.6K $13.04/SF
− OpEx
−$13.7K −$3.91/SF
NOI
$31.9K $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%
$638,280
Cap Rate 7%
$455,914
Cap Rate 9%
$354,600
Alternative Uses
Best Use
Multifamily LT 5
$455.9K
$398.9K – $531.9K
NOI $31,914 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$421.9K
$369.1K – $492.2K
NOI $29,530 @ 7.0% cap · market cap 6.31%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.39M
NOI $83,694 @ 7.0% cap · market cap 17.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Explore this area
Business Placement
Demographics for 73107, OK
26,318
Population
12,621
Households
2.1
Avg Household Size
34
Median Age
31%
College-Educated
80%
High-School Grad
7.6 sq mi
ZIP Area
3,463
Density / Sq Mi
$58,428
Median Household Income
$38,753
Median Earnings
$1,014
Median Rent
$143,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four spacious residences feature central HVAC, individual water heaters, and shared basement laundry amenities.
Where is this quadplex located?
The property is located at 2321 NW 12th Street Unit A Oklahoma City, OK.
What is the asking price?
The asking price for this property is $468,000.
What are key features of this property?
This property features: Four‑unit property with four 2‑bedroom, 1‑bath apartments; 3,496 square feet; built in 1932; Comprehensive renovation included sewer line replacement to the mainline
