2321 NW 12th Street, Oklahoma City, OK 73107
MULTI_FAMILY - Other - Oklahoma City, OK
- Added:
- Jan 10, 2023
- Days on Market:
- 1275
- Last Refresh:
- Jul 8 at 11:06 am
Property Features for 2321 NW 12th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 1, Bedroom 8, Bathroom 1, Bathroom 4
- Parking
- 3676
- Appliances
- Refrigerator, Warming Drawer
- Standard status
- Active
- APN
- 2321NW12thA73107
- Size
- 3,496 SF
- Lot size
- 0.17 Acres
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1932
- Floors in Building
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing agent Debi Norris License #129103 (405) 922-0143
Listing office LIME Realty 5909 NW Expressway, Oklahoma City, OK (405) 254-6310
Listing date Jan 10, 2023
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.
HighLights
- Totally updated 4‑plex built in 1932 with four 2‑bedroom, 1‑bath units
- Remodeled from the studs out, including sewer line replacement to the mainline
- New windows in every room, plus updated interior paint in gray and white tones
- Central heat and central air; each unit has its own water heater
- Tenants pay their own electricity; water/trash/sewer bill is split and shared equally; owner pays electric for common areas
- Washer and dryer in basement for tenants, plus emergency fire hydrant system and one downstairs accessible unit
Overview
The property is located close to downtown and within reach of shopping and entertainment areas including the Plaza District and Bricktown. Please do not disturb the tenants; the complex is 100% occupied.
With individual utility billing for residents, electric is paid by tenants, while water, trash, and sewer are split and shared equally among the units. The owner pays electricity for common areas. For an investor or operator looking for a turn-key, renovated small multifamily building with tenant-paid utilities and an accessibility component, this property offers a straightforward operating setup alongside significant building updates.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.2k | $13.80 |
| − Vacancy | −$2.7k | −$0.76 |
| EGI | $45.6k | $13.04 |
| − OpEx | −$13.7k | −$3.91 |
| NOI | $31.9k | $9.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.553306
- Latitude
- 35.482128
