Fully Leased 11-Unit
For Sale
$674,000
31 SW 25th Street, Oklahoma City, OK 73109
Two two-story buildings totaling 11 units on a single lot, zoned Urban-Medium Intensity.
Property Size5,176 SF
Lot Size0.24 Acres
Price / SF$130.22
Days on Market49
Property Features for 31 SW 25th Street
General Information
Standard status
Active
Size
5,176 SF
Lot size
0.24 Acres
Property subtype
Commercial
Zoning
Commercial
Occupancy
100%
Additional Details
Multifamily Units
11
Taxes and HOA fees
Annual Taxes
$2,075
Building Details
Building Size
5,176 SF
Year Built
1954
Stories
2
Units
11
Tenancy
Multi
Listing Agency:
Brick and Beam Realty
(405) 435-3572
Listed By:
Chris Johnson · License #200452
(405) 435-3572
Source:
Capitalrealestateok
Added: Jul 7
Changed: Aug 23
Last Checked: Aug 22 at 9:34AM
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 Brick and Beam Realty
Investment Insights
Based on property information with market context.
This 11-unit multifamily investment is fully leased and consists of two, two-story buildings totaling approximately 5,176 SF on a 10,500 SF lot. The unit mix includes nine studio units and two one-bedroom units, with current rents of $650/month for studios and $900/month for the one-bedrooms. At 100% occupancy, the property generates approximately $7,650 in gross monthly income, or about $91,800 annually.
Located at 31 SW 25th Street in Oklahoma City’s historic Capitol Hill district, the property sits just south of downtown. It is zoned Urban-Medium Intensity and positioned within the ongoing Capitol Hill revitalization.
Located at 31 SW 25th Street in Oklahoma City’s historic Capitol Hill district, the property sits just south of downtown. It is zoned Urban-Medium Intensity and positioned within the ongoing Capitol Hill revitalization.
Key Highlights
- Fully leased 11‑unit multifamily in Oklahoma City’s Capitol Hill district (just south of downtown).
- Two two‑story buildings totaling 5,176 SF on a 10,500 SF lot.
- Unit mix: 9 studios and 2 one‑bedroom units; 100% occupancy and gross monthly income of $7,650.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,720
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$874,400
$874.4K
Cap Rate 7%
$624,571
$624.6K
Cap Rate 9%
$485,778
$485.8K
Market Conditions
NOI Build-Up for 5,176 SF
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.
Gross rent
$83.9K $16.20/SF
− Vacancy
−$4.4K −$0.84/SF
EGI
$79.5K $15.36/SF
− OpEx
−$35.8K −$6.91/SF
NOI
$43.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$874,400
Cap Rate 7%
$624,571
Cap Rate 9%
$485,778
Alternative Uses
Best Use
Apartment 5plus
$624.6K
$546.5K – $728.7K
NOI $43,720 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.77M
$1.55M – $2.07M
NOI $123,913 @ 7.0% cap · market cap 18.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Explore this area
Business Placement
Demographics for 73109, OK
20,148
Population
8,344
Households
2.4
Avg Household Size
33
Median Age
7%
College-Educated
65%
High-School Grad
5.4 sq mi
ZIP Area
3,731
Density / Sq Mi
$40,944
Median Household Income
$28,370
Median Earnings
$851
Median Rent
$89,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two two-story buildings totaling 11 units on a single lot, zoned Urban-Medium Intensity.
Where is this apartment building located?
The property is located at 31 SW 25th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $674,000.
What are key features of this property?
This property features: Fully leased 11‑unit multifamily in Oklahoma City’s Capitol Hill district (just south of downtown).; Two two‑story buildings totaling 5,176 SF on a 10,500 SF lot.; Unit mix: 9 studios and 2 one‑bedroom units; 100% occupancy and gross monthly income of $7,650.
