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    5811 34Th St Oklahoma City, OK 73122

    Sponsored
    For Sale
    $10,000,000

    126-unit, renovated garden-style apartments

    Property size:
    102,980 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity: This 126-unit apartment complex in Oklahoma City, OK, boasts 102,980 square feet on a 3.3-acre lot. The Class B building, renovated in 2022, offers a strong 10.30% cap rate and a substantial NOI of $1,030,000, with an asking price of $10,000,000. Individual units feature desirable amenities including walk-in closets, refrigerators, ovens, and disposal. Community amenities include a courtyard, laundry facilities, picnic area, 24-hour access, and on-site property management. The property enjoys a 93% average occupancy rate and a parking ratio of 1.22 per 1,000 square feet. This two-story building presents a compelling opportunity for investors seeking a high-performing multifamily asset in a desirable Oklahoma City location. The property is situated at 5811 NW 34th St, Oklahoma City, OK 73122. The price per unit is $79,365.08, and the price per square foot is $97.11. The property is smoke-free.

    Property Features for 5811 34Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    102,980 SF
    Class
    B
    Lot Size
    143,748 SF

    Building Details

    Year Renovated
    2022
    Buildings
    1
    Stories
    2
    Units
    126
    Property Profile Location Intelligence

    Current Use by Public Records

    Lamplight Apartments Apartment Complex

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.6173744
    Latitude
    35.5058767

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    FAQs

    What type of property is this?
    Multifamily property - 126-unit, renovated garden-style apartments
    Where is this multifamily property located?
    The property is located at 5811 34Th St Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $10,000,000.
    Request Owner's contact information
    5811 34Th St Oklahoma City, OK 73122
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    Oklahoma City, OK 73122
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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
    5811 34Th St Oklahoma City, OK 73122
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