Updated
For Sale
$779,000
324 NW 24th Street, Oklahoma City, OK 73103
Four refreshed apartments include wood-look flooring and complete stainless-steel appliance packages.
Property Size4,000 SF
Days on Market242
Property Features for 324 NW 24th Street
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Fourplex
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$11,017
Building Details
Building Size
4,000 SF
Year Built
1925
Listing Agency:
The Property Center LLC
Listed By:
Abbie Davis · License #155984
(405) 474-1228
Source:
Stetsonbentley
Added: Feb 13
Changed: Oct 10
Last Checked: Oct 13 at 12:35AM
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 The Property Center LLC
Investment Insights
Based on property information with market context.
This 1925 quadplex contains four updated apartments, each measuring 950 square feet. Interior improvements include wood-look flooring and stainless-steel appliances, with each unit equipped with a refrigerator, stove, oven, microwave, dishwasher, washer, and dryer. The property offers a four-unit residential income configuration in Oklahoma City’s Historic Uptown area.
The location provides walking access to restaurants, shopping, and entertainment near the Paseo and Plaza Districts. Highway 235 is also readily accessible, connecting the property to the surrounding Oklahoma City area.
The location provides walking access to restaurants, shopping, and entertainment near the Paseo and Plaza Districts. Highway 235 is also readily accessible, connecting the property to the surrounding Oklahoma City area.
Key Highlights
- Four updated 950‑square‑foot apartment units
- 1925 construction with refreshed interiors
- Stainless‑steel refrigerators, stoves, ovens, microwaves, and dishwashers in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,515
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,300
$730.3K
Cap Rate 7%
$521,643
$521.6K
Cap Rate 9%
$405,722
$405.7K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$55.2K $13.80/SF
− Vacancy
−$3.0K −$0.76/SF
EGI
$52.2K $13.04/SF
− OpEx
−$15.6K −$3.91/SF
NOI
$36.5K $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%
$730,300
Cap Rate 7%
$521,643
Cap Rate 9%
$405,722
Alternative Uses
Best Use
Multifamily LT 5
$521.6K
$456.4K – $608.6K
NOI $36,515 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$482.7K
$422.3K – $563.1K
NOI $33,787 @ 7.0% cap · market cap 4.34%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,760 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Explore this area
Business Placement
Demographics for 73103, OK
5,046
Population
3,489
Households
1.4
Avg Household Size
34
Median Age
61%
College-Educated
99%
High-School Grad
1.2 sq mi
ZIP Area
4,205
Density / Sq Mi
$56,934
Median Household Income
$50,055
Median Earnings
$954
Median Rent
$400,400
Median Home Value
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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 - Four refreshed apartments include wood-look flooring and complete stainless-steel appliance packages.
Where is this quadplex located?
The property is located at 324 NW 24th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Four updated 950‑square‑foot apartment units; 1925 construction with refreshed interiors; Stainless‑steel refrigerators, stoves, ovens, microwaves, and dishwashers in each unit
