
1838 NW 11th St Oklahoma City, OK 73106
Classen Ten Penn NeighborhoodEstimated payment $4,500/month
Highlights
- Popular Property
- Tudor Architecture
- Zoned Heating and Cooling
About This Home
Incredible opportunity to own a stabilized, fully renovated 6-unit multifamily just steps from the Plaza District and Midtown. Built in 1928 with striking Gothic Revival architecture, this historic property has been thoughtfully restored with modern systems and finishes throughout.
The unit mix includes four 1 bed / 1 bath units and two studio apartments, all featuring updated plumbing, new electrical, mini-split HVAC systems, energy-efficient windows, and in-unit washer/dryer hookups. Exterior upgrades include a new roof, landscaped courtyard, concrete walkways, and a new rear parking pad.
Five of six units are currently leased, producing $4,497/month in gross rent. Stabilized market rent projects to $5,200–$5,400/month. Annualized income at current occupancy is $53,964, with upside on lease renewals and the final unit.
This turnkey asset is ideal for investors seeking cash flow, appreciation, and minimal deferred maintenance in one of OKC’s most desirable rental corridors. Close to OCU, Uptown 23rd, and major employment centers—this location consistently attracts high tenant demand.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1928
Home Design
- Tudor Architecture
- Brick Frame
Interior Spaces
- 6,480 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Schools
- Eugene Field Elementary School
- Moon Middle School
- Douglass High School
Additional Features
- 7,000 Sq Ft Lot
- Zoned Heating and Cooling
Community Details
- 6 Units
- Gross Income $87,960
Listing and Financial Details
- Legal Lot and Block 21-24 / 007
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/05/2025 08/05/25 | For Sale | $695,000 | -44.6% | $107 / Sq Ft |
05/10/2021 05/10/21 | Sold | $1,255,000 | -7.0% | $194 / Sq Ft |
02/13/2021 02/13/21 | Pending | -- | -- | -- |
01/22/2021 01/22/21 | For Sale | $1,350,000 | +7.6% | $208 / Sq Ft |
12/16/2020 12/16/20 | Off Market | $1,255,000 | -- | -- |
09/10/2020 09/10/20 | For Sale | $1,350,000 | -- | $208 / Sq Ft |
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Source: MLSOK
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