12-Unit Multifamily Investment
For Sale
$850,000
Pending
521 SW 24th Street, Oklahoma City, OK 73109
MULTI_FAMILY - Other - Oklahoma City, OK
Property Size9,438 SF
Lot Size0.48 Acres
Days on Market160
Property Features for 521 SW 24th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Lot features
Interior Lot
Elementary school
Lee ES
Middle school
Capitol Hill MS
High school
Capitol Hill HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
From SW 24th and Walker, turn West on SW 24th. There are 3 buildings on the North side of SW 24th.
Standard status
Pending
APN
521SW24th73109
Size
9,438 SF
Lot size
0.48 Acres
Building Details
Year built
1929
Floors in Building
2
Building materials
Brick
Roof type
Composition
Architectural style
Other
Listing Agency:
Spearhead Realty Group LLC
(405) 493-8144
Listed By:
Thao Nguyen-Pham · License #200060
(405) 514-0930
Added: Feb 27
Changed: Jul 11
Last Checked: Aug 6 at 3:06PM
MLS# 1216388
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Investment Insights
Based on property information with market context.
This 12-unit apartment community, constructed of solid brick, presents a blend of stable cash flow and value-add potential within Oklahoma City's Historic Capitol Hill District. The property comprises three separate buildings, each containing four units. All twelve units feature a 1-bedroom, 1-bath layout, enhanced by mock fireplaces. A new roof was installed in 2017, and most units have newer windows. The property is currently fully occupied, with some tenants receiving rental assistance from the city, ensuring consistent income. Some units have rents below market value, offering the potential for increased cash flow in the future. A storage building located at the rear of the property provides additional upside and could be converted into a laundry facility to generate extra revenue. The property is located at 521 SW 24th Street, Oklahoma City, OK 73109 and sits on a 0.4821-acre lot. The building has 9438 square feet of space. Given the strong rental demand in the area and the potential for further improvements, this property represents an opportunity for investors seeking steady cash flow with the possibility of increased returns.
Key Highlights
- 100% Occupancy: Provides immediate and reliable income stream.
- Value‑Add Upside: Potential for increased cash flow through rent adjustments and improvements.
- Desirable Unit Mix: Twelve 1‑bedroom, 1‑bath units.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
717
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Stable cash flow with value-add potential in Oklahoma City.
Where is this apartment building located?
The property is located at 521 SW 24th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 100% Occupancy: Provides immediate and reliable income stream.; Value‑Add Upside: Potential for increased cash flow through rent adjustments and improvements.; Desirable Unit Mix: Twelve 1‑bedroom, 1‑bath units.
