Bought with Lisa Wallis
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1801 E Madison ST Oklahoma City, OK 73111
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Key Details
Sold Price $167,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,016 sqft
Price per Sqft $82
MLS Listing ID OKC1211211
Sold Date 04/27/26
Style Traditional
Bedrooms 5
Full Baths 3
Construction Status Brick & Frame
Year Built 1930
Annual Tax Amount $1,337
Lot Size 6,499 Sqft
Property Sub-Type Triplex
Property Description
Multifamily investment opportunity just two miles from OU Medical in the growing Northeast Oklahoma City area. This property includes a duplex plus a separate single-family home on one lot, offering multiple income streams in a strong rental demand location.
The duplex consists of two 1 bedroom, 1 bathroom units totaling 1,176 square feet. One unit is occupied by a long-term tenant on a month-to-month lease at $725 per month, providing immediate income and flexibility. The second duplex unit is currently vacant.
The detached single-family home offers 3 bedrooms, 1 bathroom, and 840 square feet of living space. It was updated in 2022 and includes washer and dryer. Both vacant units will be income-producing after a make-ready, giving the opportunity to quickly lease at market rents.
Recent improvements include a new roof in 2022 and a privacy fence. Parking includes a two-car driveway plus street parking. Owner currently covers water and lawn care, while tenants pay remaining utilities.
Two units (1801 and 1801 1/2) are vacant and available for showings. The occupied unit may be shown after accepted contract.
Great opportunity for investors seeking steady income with long-term appreciation potential near major employers.
Location
State OK
County Oklahoma
Interior
Heating Zoned
Cooling Window Unit(s)
Fireplaces Type None
Fireplace N
Appliance Refrigerator, Washer/Dryer
Exterior
Parking Features Concrete
Garage Description Concrete
Roof Type Composition
Building
Lot Description Corner Lot
Story 1
Foundation Conventional
Architectural Style Traditional
Level or Stories One
Structure Type Brick & Frame
Construction Status Brick & Frame
Schools
Elementary Schools F.D. Moon Es
Middle Schools Douglass Ms
High Schools Douglass Hs
School District Oklahoma City
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