9077 NE 13th Street, Midwest City, OK 73110

Preston Grove is a 24-unit, all-brick duplex community built as 12 separate duplex buildings on 2.0 acres. Each unit is a 3-bedroom, 2-bathroom layout with 9-foot ceilings and 1075 square feet, finished with granite countertops. Units also include builder-installed quick-connect generator plugs and in-unit washer/dryer rentals. Each duplex provides a dedicated single-car garage per unit with electric vehicle charging outlets, and the community includes an on-site management office plus an oversized 24' x 24' maintenance garage. An additional 18-unit storage building on the property supports a diversified, operational income stream.

The property is located at 9077 NE 13th Street in Midwest City, Oklahoma, within the OKC metro.

For sale as a small-portfolio multifamily opportunity, Preston Grove currently operates under existing leases with a stabilized rent roll based on blended residential rents across all 24 units. The current owner bills utilities at $100 per unit monthly, with that cost-recovery structure described as potentially continued or restructured at the buyer’s discretion. The listing price is $5,885,000, reflecting a 6.2% capitalization rate on stabilized NOI of $362,400, with the offering also noting a pathway toward 6.3% as six below-market leases roll to the HUD Housing Choice Voucher rate.