225 NW 24th St Oklahoma City, OK 73103
Property details
About 225 NW 24th St
Turnkey 14-Unit Multifamily Investment in Prime OKC Location – Renovated & Cash-Flowing. An exceptional opportunity to acquire a renovated, cash-flowing 14-unit multifamily property in one of Oklahoma City’s most vibrant and walkable neighborhoods—just steps from the popular Paseo Arts District and NW 23rd Street’s shops and restaurants. This well-located asset offers strong in-place income, value-add potential, and minimal maintenance, making it ideal for both seasoned and first-time investors. The property is currently 80% occupied and generates approximately $9,155/month in rental income, with a projected gross income of $11,780/month or $141,360/year at full occupancy. Unit Mix: 8 One-Bedroom / One-Bath Units (Average Rent: $1,000), 6 Efficiency Units (Average Rent: $675). Recent Capital Improvements Include: New roof on efficiency buildings, All-new plumbing and updated electrical in efficiency units, Brand-new mini-split HVAC systems and windows in efficiency units, fully renovated bathrooms in all efficiency units, Renovated interiors of main building 1-bedroom units 2, 3, 4, & 8. Unit 5 features new paint and a modern kitchen, and New appliances throughout. 4 new and 2 three year old hot water, tanks, and New laundry room with 3 hookups including 2 new washer/dryers. Upgraded common areas: new flooring and fresh paint in main building. Exterior enhancements: new concrete courtyard, gazebo, fencing, and gated entry. Financial Highlights: Estimated operating expenses: $2,127/month or $25,524/year. Healthy monthly cash flow even at current occupancy. This is a rare chance to acquire a stabilized high-demand rental market. Whether you're looking to expand your portfolio or invest in a low-maintenance property with long-term upside. Checks all of the boxes! Efficiency units 1430 sqft and main building 5712 sqft.
Highlights
Summary
- Full Bathrooms: 14
- Appliances: Water Heater
- Total Bedroom Count: 14
- Parking: Concrete
- Architectural Style: Historic, Other
- List Price: $999,900
- Price/SqFt: $140
- Annual Tax Amount: $10,068
- Tax Year: 2023
- Lot: Interior Lot
- Directions: Take the NW 23rd Street exit off I-235. Turn left (west) onto NW 23rd Street. Turn right (north) onto N Robinson Avenue. Go one block, then turn left (west) onto NW 24th. Property will be on the right
- Year Built: 1924
- Stories: 2
- Living Area: 7,142 SqFt
- MLS Number: 1163724
- MLS Name: MLSOK
- Office Name: Whittington Realty
- Office Phone: (405) 703-4100
- Listing Agent: Victory Reneau Razavi
Copyright© 2025 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/24/2025, 12:44:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$999,900
225 NW 24th St
$10,000
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 25, 2005 | Home Sold | $105,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $81,981 | $10,068 |
| 2022 | $78,078 | $9,184 |
| 2021 | $74,360 | $9,184 |
| 2020 | $35,533 | $8,752 |
| 2019 | $33,841 | $3,656 |
| 2017 | $31,404 | $3,559 |
History based on county public records data.
Nearby schools
6
Wilson Elementary School
Public District PK-4
0.3 mi
•501 NW 21st St
6
Eugene Field Elementary School
Public District PK-4
1.1 mi
•1515 N Klein Ave
1
Thelma Parks Elementary School
Public District PK-4
1.9 mi
•1501 NE 30th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,919. The majority of Oklahoma City, OK residents have income less than $<35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
NBA/WNBA
Major League Soccer (MLS)
Soccer
Where do the neighbors shop?
Express/Express For Men
Banana Republic
Forever 21
Where do the neighbors go to eat?
Starbucks
Sonic
Dominos Pizza
What do the neighbors drive?
Pontiac
Infiniti
Mazda
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Rock
Frequently asked questions
About 225 NW 24th St
The listing price of 225 NW 24th St property is $999,900.
The property 225 NW 24th St is a multi located in Oklahoma City, Oklahoma, 73103.
Active Listing: 225 NW 24th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 225 NW 24th St are: Wilson Elementary School (GreatSchools Rating 6/10), Eugene Field Elementary School (GreatSchools Rating 6/10), Thelma Parks Elementary School (GreatSchools Rating 1/10), Dove Science Academy Middle School (GreatSchools Rating 9/10), Classen Middle School of Advanced Studies (GreatSchools Rating 7/10), Putnam Heights Academy Middle School (GreatSchools Rating 1/10), Harding Fine Arts Academy (GreatSchools Rating 7/10), Emerson Alternative Education (High School) (GreatSchools Rating 1/10), Classen High School of Advanced Studies (GreatSchools Rating 10/10).
According to the records, the last property tax for 2023 is $10,068 (source: MLS/based on county public records data).
The last sale was on July 25, 2005 for $105,500 (source: MLS/tax record).
The property 225 NW 24th St is 7,142 SqFt (source: MLS/tax record).
The year of construction for 225 NW 24th St is 1924.
This home is located at 225 NW 24th St in Oklahoma City, OK and zip code 73103 in the Central Oklahoma City neighborhood. This 7,142 square foot home was built in 1924. Features: 14 bedrooms, 14 bathrooms. It has been listed on Rocket Homes since April 10, 2025 and is currently priced at $999,900.
While more than 154 listings in Oklahoma City, OK in May 2025 were sold above asking price, there were more than 315 listings sold at asking price, and more than 420 were sold below. The number of homes for sale in Oklahoma City, OK increased by 7% between April and May 2025. In May 2025 median list price was $255,606 and the average listing age was 39 days.