7-Unit Condominium
New
For Sale
$675,000
3524 NW 51st Street, Oklahoma City, OK 73112
Residential Income, Oklahoma City, OK
Property Size6,930 SF
Price / SF$97.40
Days on Market1
Property Features for 3524 NW 51st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Fireplace
1
Lot features
Interior Lot
Elementary school
Monroe ES
Middle school
John Marshall MS
High school
John Marshall HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
turn east from N portland into 51st st.
Standard status
Active
APN
3524NW51st73112
Size
6,930 SF
Taxes and HOA fees
HOA Fee
$4,020 Annually
Utilities
Heating system
Natural Gas
Cooling system
Electric
Amenities
swimming pool
on-site laundry facility
reserved parking
Building Details
Year built
1976
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(888) 560-3964
Listed By:
Mahmoud Alriyalat · License #159199
(405) 209-6044
Added: Oct 7
Last Checked: Oct 7 at 5:06PM
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.
Investment Insights
Based on property information with market context.
This offering combines seven condominiums, each with two bedrooms, 1.5 bathrooms, and an open living and kitchen arrangement. The homes were built in 1976 with brick-and-frame construction, natural gas heating, electric cooling, and composition roofing. The combined property size is 6,930 square feet.
Residents have access to a swimming pool, on-site laundry facility, and reserved parking. The homeowners association handles lawn care, landscaping, exterior building and roof maintenance, and specified plumbing and utility-line repairs. Association insurance applies to building exteriors and common areas. Tenants are responsible for electricity and interior upkeep under their leases, subject to HOA-covered items.
The seven units are located across three addresses on NW 51st Street in Oklahoma City. The package includes Units 3 and 7 at 3524 NW 51st Street; Units 201 and 204 at 3532 NW 51st Street; and Units 303, 306, and 307 at 3536 NW 51st Street. The properties are near I-44, NW Expressway, medical centers, shopping, dining, and parks.
Residents have access to a swimming pool, on-site laundry facility, and reserved parking. The homeowners association handles lawn care, landscaping, exterior building and roof maintenance, and specified plumbing and utility-line repairs. Association insurance applies to building exteriors and common areas. Tenants are responsible for electricity and interior upkeep under their leases, subject to HOA-covered items.
The seven units are located across three addresses on NW 51st Street in Oklahoma City. The package includes Units 3 and 7 at 3524 NW 51st Street; Units 201 and 204 at 3532 NW 51st Street; and Units 303, 306, and 307 at 3536 NW 51st Street. The properties are near I-44, NW Expressway, medical centers, shopping, dining, and parks.
Key Highlights
- Seven condominiums offered together, each with 2 bedrooms and 1.5 bathrooms
- Combined property size of 6,930 square feet; built in 1976
- Community amenities include a pool, on‑site laundry, and reserved parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,535
Cap Rate
8.67%
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 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.37M
$2.07M – $2.77M
NOI $165,904 @ 7.0% cap · market cap 24.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
7
Residential units
Yes
Highway access
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
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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?
Multifamily property - Seven two-bedroom residences are offered together, with shared community amenities and HOA-managed building maintenance.
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 $675,000.
What are key features of this property?
This property features: Seven condominiums offered together, each with 2 bedrooms and 1.5 bathrooms; Combined property size of 6,930 square feet; built in 1976; Community amenities include a pool, on‑site laundry, and reserved parking
