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.
For sale
$525,000
400 SW 42nd St, Oklahoma City, OK 73109
6beds
4,006sqft
Est.:
Multi Family
Built in 1925
-- sqft lot
$-- Zestimate®
$131/sqft
$-- HOA
What's special
- 13 days
- on Zillow |
- 207 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: July 22, 2025 at 08:02pm
Listed by:
Eleonore Hutton 405-412-6921,
The Brokerage
Source: MLSOK/OKCMAR,MLS#: 1181703

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 8
- Full bathrooms: 8
Interior area
- Total structure area: 4,006
- Total interior livable area: 4,006 sqft
Property
Parking
- Total spaces: 8
- Parking features: Concrete
Features
- Levels: Two
- Stories: 2
Lot
- Size: 10,498 Square Feet
- Features: Corner Lot
Details
- Parcel number: 400SW42nd73109
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick & Frame
- Foundation: Combination
- Roof: Composition
Condition
- Year built: 1925
Community & HOA
Location
- Region: Oklahoma City
Financial & listing details
- Price per square foot: $131/sqft
- Tax assessed value: $348,236
- Annual tax amount: $4,585
- Date on market: 7/22/2025
- Listing terms: Cash,Conventional
- Total actual rent: 72000
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