400 SW 42nd St Oklahoma City, OK 73109
Property details
About 400 SW 42nd St
Excellent investment opportunity! This well-maintained, two-story multifamily property features 8 total units—6 one-bedroom units and 2 studio/efficiency units—all in good condition and fully occupied. The property is under a master lease with the Homeless Alliance, offering guaranteed rent payments and stable tenancy. All units have passed Housing Authority inspections, ensuring compliance and minimal maintenance concerns. This is a turnkey, income-producing asset with a strong rental history and no reported issues. Ideal for investors seeking reliable cash flow with minimal oversight.
Highlights
Summary
- Full Bathrooms: 8
- Total Bedroom Count: 8
- Parking: Concrete
- Architectural Style: Other
- List Price: $525,000
- Price/SqFt: $131
- Annual Tax Amount: $3,390
- Tax Year: 2023
- Lot: Corner Lot
- Directions: From Walker and SW 44th, go North on Walker, then turn right onto SW 42nd st. The property is at the SW corner of SW 42nd and Hudson
- Year Built: 1925
- Stories: 2
- Living Area: 4,006 SqFt
- MLS Number: 1181703
- MLS Name: MLSOK
- Office Name: The Brokerage
- Office Phone: (405) 451-4805
- Listing Agent: Eleonore Hutton
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/1/2025, 12:44:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 08, 2023 | Home Sold | $430,000 |
| Feb 17, 2015 | Home Sold | $492,500 |
| Feb 12, 2013 | Home Sold | $438,000 |
| Mar 10, 2004 | Home Sold | $50,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $28,655 | $3,390 |
| 2022 | $28,435 | $3,204 |
| 2021 | $28,435 | $3,204 |
| 2020 | $14,227 | $3,192 |
| 2019 | $13,550 | $1,602 |
| 2017 | $13,476 | $1,524 |
History based on county public records data.
Nearby schools
8
Santa Fe South Spero Elementary School
Public Charter PK-5
0.5 mi
•4712 S Santa Fe Ave
4
Adelaide Lee Elementary School
Public District PK-4
0.9 mi
•424 SW 29th St
7
Santa Fe South Hills Elementary School
Public Charter PK-5
0.9 mi
•301 SE 38th 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 $33,721. Most Oklahoma City, OK residents have annual incomes less than $<35k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
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?
Pro Boxing
NHRA Drag Racing
Figure Skating
Where do the neighbors shop?
Burlington
Big Lots
Family Dollar
Where do the neighbors go to eat?
Popeyes
Golden Corral
Church's Chicken
What do the neighbors drive?
Dodge
Kia
Cadillac
What do the neighbors listen to?
Urban Contemporary
Adult Standards
Jazz
Frequently asked questions
About 400 SW 42nd St
The listing price of 400 SW 42nd St property is $525,000.
The property 400 SW 42nd St is a multi located in Oklahoma City, Oklahoma, 73109.
Active Listing: 400 SW 42nd St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 400 SW 42nd St are: Santa Fe South Spero Elementary School (GreatSchools Rating 8/10), Adelaide Lee Elementary School (GreatSchools Rating 4/10), Santa Fe South Hills Elementary School (GreatSchools Rating 7/10), Capitol Hill Middle School (GreatSchools Rating 2/10), Wheeler Middle School (GreatSchools Rating 2/10), Southeast Middle School (GreatSchools Rating 4/10), Capitol Hill High School (GreatSchools Rating 1/10), Southeast High School (GreatSchools Rating 7/10), Grant High School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $3,390 (source: MLS/based on county public records data).
The last sale was on December 8, 2023 for $430,000 (source: MLS/tax record).
The property 400 SW 42nd St is 4,006 SqFt (source: MLS/tax record).
The year of construction for 400 SW 42nd St is 1925.
This home is located at 400 SW 42nd St in Oklahoma City, OK and zip code 73109 in the Central Oklahoma City neighborhood. This 4,006 square foot home was built in 1925. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since July 22, 2025 and is currently priced at $525,000.
Over 155 listings were sold over their listed price in June 2025 in Oklahoma City, OK. In the same period over 352 listings were sold below the listed price and 323 listings were sold for the listed price. Between May and June 2025, Oklahoma City, OK real estate market has seen increase in the number of listings by 1.6%. The median list price of listings available in June 2025 was $257,593, while the average time on the real estate market was 41 days.