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Steve's Apartments 506 SW 24th St 8 Unit Apartment Building $1,500,000 ($187,500/Unit) Oklahoma City, OK 73109
INVESTMENT HIGHLIGHTS
- Fully Occupied
- Great investment opportunity!
- Close to Downtown!
EXECUTIVE SUMMARY
Don’t miss this excellent opportunity to own a well-maintained, consistently rented 8-unit apartment complex located just minutes from downtown. This multifamily property combines vintage charm with thoughtful, moderate updates that appeal to long-term tenants and investors alike. Each unit offers a comfortable, functional layout with updated kitchens, bathrooms, and flooring in select units, while preserving the classic architectural character of the building. The property has been regularly maintained, with recent improvements including upgraded systems and exterior enhancements, ensuring low ongoing maintenance costs. Ideal for both seasoned investors and those looking to start or expand a real estate portfolio, this property offers steady income in a high-demand rental area. With its unbeatable location and reliable performance, this is a rare find in today’s market.
PROPERTY FACTS
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $187,500 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 4,742 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 2.53/1,000 SF |
| Zoning | I-2 | ||
| Price | $1,500,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,742 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 2.53/1,000 SF |
| Zoning | I-2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
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PROPERTY TAXES
| Parcel Number | 100502750 | Improvements Assessment | $32,749 |
| Land Assessment | $2,341 | Total Assessment | $35,090 |
PROPERTY TAXES
Parcel Number
100502750
Land Assessment
$2,341
Improvements Assessment
$32,749
Total Assessment
$35,090
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Steve's Apartments | 506 SW 24th St
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