400 SW 42nd Street, Oklahoma City, OK 73109
Local realty services provided by:ERA Courtyard Real Estate
Listed by:eleonore hutton
Office:the brokerage
MLS#:1181703
Source:OK_OKC
400 SW 42nd Street,Oklahoma City, OK 73109
$525,000
- 8 Beds
- 8 Baths
- 4,006 sq. ft.
- Multi-family
- Active
Price summary
- Price:$525,000
- Price per sq. ft.:$131.05
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%
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Home facts
- Year built:1925
- Listing Id #:1181703
- Added:23 day(s) ago
- Updated:August 12, 2025 at 05:05 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:8
- Full bathrooms:8
- Living area:4,006 sq. ft.
Structure and exterior
- Roof:Composition
- Year built:1925
- Building area:4,006 sq. ft.
- Lot area:0.24 Acres
Schools
- High school:Santa Fe South HS
- Middle school:Santa Fe South MS
- Elementary school:Capitol Hill ES
Finances and disclosures
- Price:$525,000
- Price per sq. ft.:$131.05
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