Updated Quadplex with Central
For Sale
$468,000
2321 NW 12th Street, Oklahoma City, OK 73107
Residential Income, Oklahoma City, OK
Property Size3,496 SF
Lot Size0.17 Acres
Price / SF$133.87
Days on Market1372
Property Features for 2321 NW 12th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 8, Bedroom 2, Bathroom 3, Bathroom 4, Bathroom 1
Parking
3676
Appliances
Refrigerator, Warming Drawer
Lot features
Interior Lot
Elementary school
Hawthorne ES
Middle school
Taft MS
High school
Northwest Classen HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
From Penn go E on NW 12th to the Complex on the North side
Standard status
Active
APN
2321NW12thA73107
Size
3,496 SF
Lot size
0.17 Acres
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Amenities
Central Heat and Air
Washer and Dryer in Basement
Emergency Fire Hydrant System
Accessible
Individual Water Heaters
Building Details
Year built
1932
Floors in Building
2
Building materials
Brick
Architectural style
Other
Listing Agency:
LIME Realty
(405) 254-6310
Listed By:
Debi Norris · License #129103
(405) 922-0143
Added: Jan 10, 2023
Changed: Sep 15
Last Checked: Oct 13 at 4:06PM
MLS# 1044555
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,496-square-foot quadplex contains four two-bedroom, one-bath apartments in a brick building constructed in 1932. The property underwent a comprehensive interior and building-system renovation, including replacement of the sewer line to the mainline. Each residence has central heating and air conditioning, new windows throughout, and an individual water heater. A basement laundry area provides washer and dryer access for residents, while an emergency fire hydrant system serves the complex. One ground-level apartment is accessible.
The property is located at 2321 NW 12th Street in Oklahoma City, near downtown, shopping, the Plaza District, and Bricktown. The 0.17-acre site is fully occupied. Residents pay their own electric service, while water, trash, and sewer costs are shared equally among the units; ownership covers electricity for common areas.
The property is located at 2321 NW 12th Street in Oklahoma City, near downtown, shopping, the Plaza District, and Bricktown. The 0.17-acre site is fully occupied. Residents pay their own electric service, while water, trash, and sewer costs are shared equally among the units; ownership covers electricity for common areas.
Key Highlights
- Four 2‑bedroom, 1‑bath units in a 3,496‑square‑foot quadplex
- Comprehensively remodeled, including sewer line replacement to the mainline
- Central heat and air conditioning with new windows throughout
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.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
438
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
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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?
Quadplex - Remodeled multifamily property with shared basement laundry and one accessible ground-floor residence.
Where is this quadplex located?
The property is located at 2321 NW 12th Street 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 2‑bedroom, 1‑bath units in a 3,496‑square‑foot quadplex; Comprehensively remodeled, including sewer line replacement to the mainline; Central heat and air conditioning with new windows throughout
