$525,000

400 SW 42nd St Oklahoma City, OK 73109

Draper Park Neighborhood

Estimated payment $3,322/month

Total Views 5,779
8 Beds
8 Baths
4,006 Sq Ft
$131 Price per Sq Ft

About This Home

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. Financial overview is available upon request and cap rate is 11.6%

Listing Agent

Eleonore Hutton

The Brokerage Listed on: 07/22/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 10,498 Sq Ft Lot
  • Corner Lot

Home Design

  • Combination Foundation
  • Brick Frame
  • Composition Roof

Interior Spaces

  • 4,006 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Parking

  • 8 Parking Spaces
  • Driveway

Schools

  • Capitol Hill Elementary School
  • Santa Fe South Middle School
  • Santa Fe South High School

Community Details

  • 8 Units
  • Gross Income $72,000

Listing and Financial Details

  • Legal Lot and Block 1, 2 & 3 / 26

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Style: Other
  • Property Sub Type: More Than 4 Units
  • Handicap Yn: No
  • Legal Addition: Draper Park Add
  • Mandatory Association Dues Yn: No
  • Number1 Br Units: 6
  • Packet Available Yn: Yes
  • Property Level: Two
  • School Junior High: Santa Fe South MS
  • Stories: 2.0000
  • Third Party Comments: No
  • Year Built: 1925
  • HistoricalDesignationYN: No
  • PropertyBuildSTATUS: Existing
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 8.00
  • Full Bathrooms: 8
  • Total Sq Ft: 4006

Exterior Features

  • Construction: Brick & Frame
  • Foundation: Combination
  • Roof: Composition

Garage/Parking

  • Total Parking: 8
  • Parking: Concrete Drive

Schools

  • Elementary School: Capitol Hill ES
  • High School: Santa Fe South HS

Lot Info

  • Land Sq Ft: 10498
  • Lot Description: Corner

Rental Info

  • Rent: 72000.00

Multi Family

  • Number Efficiency Units: 2
  • Number Of Units: 8

Tax Info

  • Tax Block: 26
  • Tax Lot: 1, 2 & 3

MLS Schools

  • School District: Oklahoma City

Map

Range of Values:

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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 For Sale $525,000 +22.1% $131 / Sq Ft
12/05/2023 12/05/23 Sold $430,000 -8.1% $107 / Sq Ft
11/02/2023 11/02/23 Pending -- -- --
09/18/2023 09/18/23 Price Changed $468,000 -0.4% $117 / Sq Ft
09/13/2023 09/13/23 Price Changed $470,000 -1.1% $117 / Sq Ft
08/21/2023 08/21/23 Price Changed $475,000 -1.0% $119 / Sq Ft
06/10/2023 06/10/23 For Sale $480,000 -- $120 / Sq Ft
Source: MLSOK

Source: MLSOK

MLS Number: 1181703

MLSOK
Oklahoma Oklahoma County Oklahoma City 73109 Draper Park

400 SW 42nd St, Oklahoma City, OK

This home is located at 400 SW 42nd St, Oklahoma City, OK 73109 and is currently priced at $525,000, approximately $131 per square foot. This property was built in 1925. 400 SW 42nd St is a home located in Oklahoma County with nearby schools including Adelaide Lee Elementary School, Capitol Hill Middle School, and Capitol Hill High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSOK IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market.
Copyright 2025 MLSOK, Inc. All rights reserved.

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Listing Agent
Eleonore Hutton
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The Brokerage
(405) 358-4199