7-Unit Condo
3524 NW 51st Street, Oklahoma City, OK 73112
For Sale
$639,000
Residential Income, Oklahoma City, OK
Property Size6,930 SF
Price / SF$92.21
Days on Market37
Property Features for 3524 NW 51st Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Fireplace
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Additional Details
Tenant in Place
Taxes and HOA fees
HOA Fee
Utilities
Heating system
Cooling system
Amenities
swimming pool
on-site laundry facility
reserved parking
Building Details
Year built
Building materials
Roof type
Architectural style
Listing Agency:
eXp Realty, LLC
(888) 560-3964
Listed By:
Mahmoud Alriyalat · License OK #159199
(405) 209-6044
Added: Oct 7
Changed: Nov 5
Last Checked: Nov 12 at 7:06AM
MLS# 1252640
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.
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 Oklahoma City offering combines seven condominiums totaling 6,930 square feet. Each unit includes two bedrooms, one-and-a-half bathrooms, and an open living and kitchen area. Built in 1976, the buildings feature brick and frame construction, central natural gas heating, electric cooling, and composition roofs.
The units are located at 3524, 3532, and 3536 NW 51st Street. The association provides a swimming pool, on-site laundry, and reserved parking. Association-maintained items include gas, water, trash service, landscaping, exterior and roof maintenance, and certain plumbing and utility lines. Tenants pay electricity and handle interior upkeep, subject to the lease and association-covered items.
The units are located at 3524, 3532, and 3536 NW 51st Street. The association provides a swimming pool, on-site laundry, and reserved parking. Association-maintained items include gas, water, trash service, landscaping, exterior and roof maintenance, and certain plumbing and utility lines. Tenants pay electricity and handle interior upkeep, subject to the lease and association-covered items.
Key Highlights
- Seven condominiums offered together, totaling 6,930 square feet
- Each unit has 2 bedrooms, 1.5 bathrooms, and an open living and kitchen layout
- Units are at 3524 NW 51st St (3 and 7), 3532 NW 51st St (201 and 204), and 3536 NW 51st St (303, 306, and 307)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,535
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,170,700
$1.2M
Cap Rate 7%
$836,214
$836.2K
Cap Rate 9%
$650,389
$650.4K
Market Conditions
NOI Build-Up for 6,930 SF
Gross rent
$112.3K $16.20/SF
− Vacancy
−$5.8K −$0.84/SF
EGI
$106.4K $15.36/SF
− OpEx
−$47.9K −$6.91/SF
NOI
$58.5K $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%
$1,170,700
Cap Rate 7%
$836,214
Cap Rate 9%
$650,389
Alternative Uses
Best Use
Apartment 5plus
$836.2K
$731.7K – $975.6K
NOI $58,535 @ 7.0% cap · market cap 9.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.37M
$2.07M – $2.77M
NOI $165,904 @ 7.0% cap · market cap 25.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
7
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,981
Businesses Nearby
Explore this area
Business Placement
Demographics for 73112, OK
31,113
Population
16,413
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
7.6 sq mi
ZIP Area
4,094
Density / Sq Mi
$57,833
Median Household Income
$39,641
Median Earnings
$1,030
Median Rent
$173,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Multifamily properties in Oklahoma City, OK
Properties on Market for Multifamily properties in Oklahoma City
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence has two bedrooms, one-and-a-half baths, and an open living and kitchen arrangement.
Where is this multifamily property located?
The property is located at 3524 NW 51st Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Seven condominiums offered together, totaling 6,930 square feet; Each unit has 2 bedrooms, 1.5 bathrooms, and an open living and kitchen layout; Units are at 3524 NW 51st St (3 and 7), 3532 NW 51st St (201 and 204), and 3536 NW 51st St (303, 306, and 307)
