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Listed by Eleonore Hutton • The Brokerage

$525,000

Est. payment - /mo

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8 Beds

8 Baths

4,006 SqFt

Active

400 SW 42nd ST Oklahoma City, OK 73109

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Key Details

Property Type Multi-Family

Sub Type More Than 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,006 sqft

Price per Sqft $131

MLS Listing ID OKC1181703

Style Other

Bedrooms 8

Full Baths 8

Construction Status Brick & Frame

Year Built 1925

Annual Tax Amount $4,585

Lot Size 10,498 Sqft

Property Sub-Type More Than 4 Units

Property Description

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%

Location

State OK

County Oklahoma

Interior

Fireplace N

Exterior

Parking Features Concrete

Garage Description Concrete

Roof Type Composition

Building

Lot Description Corner Lot

Story 2

Foundation Combination

Architectural Style Other

Level or Stories Two

Structure Type Brick & Frame

Construction Status Brick & Frame

Schools

Elementary Schools Capitol Hill Es

Middle Schools Santa Fe South Ms

High Schools Santa Fe South Hs

School District Oklahoma City

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Multiple Listing Service of Oklahoma (MLSOK)

Casey Tuter

Realtor/Broker Associate | License ID: 172150

+1(405) 595-8902 | casey.tuter@brixrealty.com