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Dix Condos 1138 NW 34th 4 Unit Apartment Building $699,000 ($174,750/Unit) 7.43% Cap Rate Oklahoma City, OK 73118
Executive Summary
Introducing The Dix Condos—a classic four-plex offering a blend of historic character and functional living in a centrally located Oklahoma City setting. This well-maintained brick property features four individual units, each with its own private entrance and thoughtful layout.
Inside, the units showcase hardwood flooring, neutral finishes, and an efficient use of space. Natural light fills each home, highlighting the clean lines and comfortable flow from living areas to bedrooms. Kitchens and baths offer practical layouts with opportunity for future updates or customization.
The exterior reflects timeless architectural detail with a welcoming front facade, while the rear of the property provides off-street parking and shared outdoor space. Upper units enjoy access to covered balconies, adding an additional layer of usable living area.
Positioned with convenient access to a variety of local amenities, shopping, dining, and major thoroughfares, this property offers flexibility for a range of ownership strategies—whether expanding a portfolio or securing a multi-unit asset with long-term potential.
A rare opportunity to own a character-rich four-plex in an established Oklahoma City location.
Inside, the units showcase hardwood flooring, neutral finishes, and an efficient use of space. Natural light fills each home, highlighting the clean lines and comfortable flow from living areas to bedrooms. Kitchens and baths offer practical layouts with opportunity for future updates or customization.
The exterior reflects timeless architectural detail with a welcoming front facade, while the rear of the property provides off-street parking and shared outdoor space. Upper units enjoy access to covered balconies, adding an additional layer of usable living area.
Positioned with convenient access to a variety of local amenities, shopping, dining, and major thoroughfares, this property offers flexibility for a range of ownership strategies—whether expanding a portfolio or securing a multi-unit asset with long-term potential.
A rare opportunity to own a character-rich four-plex in an established Oklahoma City location.
Property Facts
| Price | $699,000 | Apartment Style | Low-Rise |
| Price Per Unit | $174,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.00 AC |
| Cap Rate | 7.43% | Building Size | 4,494 SF |
| Gross Rent Multiplier | 11.6 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1918 |
| Property Subtype | Apartment | Parking Ratio | 0.89/1,000 SF |
| Zoning | R-3 - Medium-to-high density residential districts | ||
| Price | $699,000 |
| Price Per Unit | $174,750 |
| Sale Type | Investment |
| Cap Rate | 7.43% |
| Gross Rent Multiplier | 11.6 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.00 AC |
| Building Size | 4,494 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1918 |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | R-3 - Medium-to-high density residential districts |
Amenities
Unit Amenities
- Storage Space
- Kitchen
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 210251000 | Improvements Assessment | $10,313 |
| Land Assessment | $1,897 | Total Assessment | $12,210 |
Property Taxes
Parcel Number
210251000
Land Assessment
$1,897
Improvements Assessment
$10,313
Total Assessment
$12,210
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Dix Condos | 1138 NW 34th