Multifamily
For Sale
$250,000
2840 NW 23rd St, Oklahoma City, OK 73107
Multifamily asset with documented 1932 construction.
Property Size2,116 SF
Price / SF$118.15
Days on Market65
Property Features for 2840 NW 23rd St
General Information
Standard status
Active
Size
2,116 SF
Property subtype
Multi-Family
Building Details
Year Built
1932
Listing Agency:
Lime Realty
(405) 254-6310
Listed By:
Breann Green
(405) 400-0789
Source:
Oklahomarealestate
Added: Aug 15
Changed: Oct 11
Last Checked: Oct 16 at 8:59AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property contains 2,116 square feet and was constructed in 1932. The asset is located at 2840 NW 23rd St in Oklahoma City, Oklahoma 73107.
Key Highlights
- 2,116‑square‑foot multifamily property
- Constructed in 1932
- Located at 2840 NW 23rd St, Oklahoma City, OK 73107
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,873
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,460
$357.5K
Cap Rate 7%
$255,329
$255.3K
Cap Rate 9%
$198,589
$198.6K
Market Conditions
NOI Build-Up for 2,116 SF
Gross rent
$34.3K $16.20/SF
− Vacancy
−$1.8K −$0.84/SF
EGI
$32.5K $15.36/SF
− OpEx
−$14.6K −$6.91/SF
NOI
$17.9K $8.45/SF
Area
Oklahoma City, OK
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,460
Cap Rate 7%
$255,329
Cap Rate 9%
$198,589
Alternative Uses
Best Use
Apartment 5plus
$255.3K
$223.4K – $297.9K
NOI $17,873 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$723.7K
$633.2K – $844.3K
NOI $50,657 @ 7.0% cap · market cap 20.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
481
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily asset with documented 1932 construction.
Where is this multifamily property located?
The property is located at 2840 NW 23rd St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,116‑square‑foot multifamily property; Constructed in 1932; Located at 2840 NW 23rd St, Oklahoma City, OK 73107
