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    6220 S Douglas Ave Oklahoma City, OK 73139

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    For Sale
    $2,584,000

    38-unit apartment complex with renovated units and on-site laundry.

    Property size:
    22,500 SF
    Lot size:
    1.04 Acres

    Property Features for 6220 S Douglas Ave

    General Information

    Size
    22,500 SF
    Lot size
    1.04 Acres

    Building Details

    Year built
    1970

    Source: KW Summit Agent Alan Larsen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    38-Unit Apartment Complex For Sale

    This 38-unit apartment complex is situated in a quiet neighborhood. The property comprises a mix of 8 two-bedroom, one-bath units and 30 one-bedroom, one-bath units. When fully rented, the gross monthly income is $27,820. On-site amenities include a laundry room equipped with 3 washers and 3 dryers. Recent updates include improvements to the parking lot, many updated windows, new exterior concrete work, and the renovation of 35 units. The property also features a fenced courtyard. The property size is 22,500 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.5341523
    Latitude
    35.4036597

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    FAQs

    What type of property is this?
    Apartment building - 38-unit apartment complex with renovated units and on-site laundry.
    Where is this apartment building located?
    The property is located at 6220 S Douglas Ave Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $2,584,000.
    What are key features of this property?
    This property features: - High Income Potential: Gross monthly income of $27,820 when fully rented.; - Significant Recent Renovations: 35 out of 38 units recently renovated.; - Features a mix of 8 two bed one bath units and 30 one bed one bath units.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6220 S Douglas Ave Oklahoma City, OK 73139
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