6-Unit Apartment
For Sale
$450,000
4106 S Shields Boulevard, Oklahoma City, OK 73129
Residential Income, Oklahoma City, OK
Property Size2,762 SF
Lot Size0.16 Acres
Price / SF$162.93
Days on Market53
Property Features for 4106 S Shields Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 4, Bathroom 3, Bathroom 5, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 3, Bedroom 2, Bedroom 1
Lot features
Interior Lot
Elementary school
Cesar Chavez ES
Middle school
Santa Fe South MS
High school
Capitol Hill HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
From SE 44th and Shields, go north to SE 40th, go right, property is on right, behind the 5 plex
Standard status
Active
APN
4106SShields73129
Size
2,762 SF
Lot size
0.16 Acres
Building Details
Year built
1949
Building materials
Frame
Roof type
Composition
Architectural style
Bungalow
Listing Agency:
Ariston Realty LLC
(405) 802-1174
Listed By:
Galen Tanquary · License #178787
(405) 763-8918
Added: Aug 22
Changed: Sep 28
Last Checked: Oct 13 at 7:06PM
MLS# 1245855
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.
The 2,762-square-foot apartment property contains six units, each configured with one bedroom and one bathroom. Every unit has a living room and a full kitchen with an electric stove and refrigerator. Mini-split systems have been installed, and the building dates to 1949.
The 0.1607-acre property is fully occupied, with all tenants on month-to-month leases. The units are Section 8 approved. Sale is contingent on being combined with the property at 3820 S Hudson Ave.
The 0.1607-acre property is fully occupied, with all tenants on month-to-month leases. The units are Section 8 approved. Sale is contingent on being combined with the property at 3820 S Hudson Ave.
Key Highlights
- Six one‑bedroom, one‑bathroom units
- 2,762 square feet on 0.1607 acres
- 100% occupied; all tenants are month to month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,330
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,600
$466.6K
Cap Rate 7%
$333,286
$333.3K
Cap Rate 9%
$259,222
$259.2K
Market Conditions
NOI Build-Up for 2,762 SF
Gross rent
$44.7K $16.20/SF
− Vacancy
−$2.3K −$0.84/SF
EGI
$42.4K $15.36/SF
− OpEx
−$19.1K −$6.91/SF
NOI
$23.3K $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%
$466,600
Cap Rate 7%
$333,286
Cap Rate 9%
$259,222
Alternative Uses
Best Use
Apartment 5plus
$333.3K
$291.6K – $388.8K
NOI $23,330 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$944.6K
$826.5K – $1.10M
NOI $66,122 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Explore this area
Business Placement
Demographics for 73129, OK
19,971
Population
7,569
Households
2.6
Avg Household Size
31
Median Age
6%
College-Educated
67%
High-School Grad
12.5 sq mi
ZIP Area
1,598
Density / Sq Mi
$43,941
Median Household Income
$28,481
Median Earnings
$914
Median Rent
$76,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Apartment building - Each residence has a bedroom, living room, and full kitchen with an electric stove and refrigerator.
Where is this apartment building located?
The property is located at 4106 S Shields Boulevard Oklahoma City, OK.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Six one‑bedroom, one‑bathroom units; 2,762 square feet on 0.1607 acres; 100% occupied; all tenants are month to month
