1212 NW 26th St

1212 NW 26th St, Oklahoma City, OK 73106

  • For Sale $4,000,000
  • Property Type Multi-Family
  • Property Size 34,151 SF
  • Units 53
  • Additional Rent Contact for pricing
  • Date Updated Aug 14, 2024
53 Units across four properties located in some of the premier districts in Downtown Oklahoma City. The Downtown OKC submarket is one of the strongest in the entire metro: 3.1% trailing rent growth, 5.1% projected 4.5% Net Absorption with comparable properties. Strong Demographics with $84K Median HH Income 58% Renter HH, 60,000 Daytime Employment 53,513 Total Population 2 mile radius 73% 1-2 Person HH ideal creating high demand for One Bed Units.Legacy CP Advisors is pleased to offer the Downtown OKC 53 Portfolio. 53 Units across four properties located in some of the premier districts in Downtown Oklahoma City. This Value-Add portfolio provides significant upside through renovations and operations with renovated comps boasting a rent delta upwards of $500/unit and consistent mid-90's occupancy. The Downtown OKC submarket is one of the strongest in the entire metro with 3.1% trailing rent growth, 5.1% projected and 4.2% Net Absorption with comparable properties. Pro Forma Stabilized Non-Renovated Cap Rate: 6.98% Pro Forma Stabilized Renovated Cap Rate: 9.14%

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Highlights

  • Four Properties
  • 53 Units
  • Downtown OKC
  • $300-$500 Delta between subject and Renovated Comps
  • Strong Submarket Fundamentals:
  • 3.1% Trailing 12 Month Rent Growth
  • 5.1% Projected 12 Month Rent Growth
  • 4.2% Net Absorbtion
  • Mid-90's Occupancy Average for Submarket Comps
  • Pro Forma Stabilized Non-Renovated Cap Rate: 6.98%
  • Pro Forma Stabilized Renovated Cap Rate: 9.14%

Contacts

broker

Carey Velez

Legacy Commercial Property Advisors

Location

Getting Around

  • Walk Score ®

    90/100 Walker's Paradise

  • Transit Score ®

    42/100 Some Transit

  • Bike Score ®

    63/100 Bikeable
Powered by Walk Score ®
  • City Oklahoma City, OK
  • Neighborhood Corridor South
  • Zip Code 73106
  • Market Oklahoma City

Points of Interest

  • Dewey Avenue

    1.28 miles

  • North Hudson

    1.35 miles

  • Midtown

    1.45 miles

  • Art Park

    1.54 miles

  • Northwest 10th Street

    1.54 miles

  • Law School

    1.71 miles

  • Automobile Alley

    1.75 miles

  • Transit Center

    1.84 miles

  • Memorial Museum

    1.90 miles

  • Federal Courthouse

    1.92 miles

  • Conoco

    0.28 miles

  • 23rd Street Food Mart Fina Stop

    0.41 miles

  • Seven-Eleven Food Stores

    0.43 miles

  • T and B Express

    0.43 miles

  • Saving Spot

    0.44 miles

  • Phillips 66 Taylor Made Auto Repair

    0.66 miles

  • 7-Eleven

    0.89 miles

  • Classen Star

    0.98 miles

  • Seven Days Food Store

    0.98 miles

  • Tesla Supercharger

    7.08 miles

  • Church Parking

    0.21 miles

  • Memorial Park Parking

    0.79 miles

  • Apartment Parking

    1.11 miles

  • Crown Heights Christian Church Parking

    1.11 miles

  • Laundry Parking

    1.12 miles

  • Oklahoma Community Health Services

    1.66 miles

  • Variety Health Centers

    1.67 miles

  • Charter Parking Garage

    1.70 miles

  • Memorial Auto Plaza

    1.73 miles

  • The Grandison at Maney Park

    1.16 miles

  • Ambassador Hotel Oklahoma City, Autograph Collection

    1.28 miles

  • Classen Inn Motel

    1.40 miles

  • Century Hotel

    1.46 miles

  • District Hotel

    1.48 miles

  • Hadden Hall Midtown Apartments

    1.50 miles

  • Cline Hotel

    1.52 miles

  • Courtyard Oklahoma City Northwest

    1.87 miles

  • Sleep Inn & Suites Oklahoma City Northwest

    1.89 miles

  • Sleep Inn and Suites

    1.89 miles

  • Bún Box

    0.04 miles

  • Lido Asian Cuisine

    0.09 miles

  • Kamp Brothers Grocery and Deli

    0.10 miles

  • La Brasa

    0.10 miles

  • Lang Bakery

    0.11 miles

  • Tien Grand House Restaurant

    0.11 miles

  • VII Asian Bistro

    0.20 miles

  • Hy Palace Asian Restaurant

    0.20 miles

  • Taco Mayo

    0.22 miles

  • Mutt's Amazing Hotdogs

    0.23 miles

  • Oklahoma City University

    0.19 miles

  • Dove Science Academy Charter High School

    0.30 miles

  • Bishop John Carrol Catholic School

    0.46 miles

  • Gatewood Elementary School

    0.55 miles

  • Classen High School of Advanced Studies

    0.57 miles

  • Harding Fine Arts Academy

    0.64 miles

  • Wilson Elementary School

    0.69 miles

  • Edgemere Elementary School

    0.81 miles

  • Rosary Catholic School

    0.82 miles

  • Eugene Field Elementary School

    0.85 miles

  • Apple Tree Early Childhood Daycare Center and Development

    0.26 miles

  • University Chosen Few Childcare Center

    0.44 miles

  • First Start Childrens Center

    1.16 miles

  • Candyland Child Development Center

    2.21 miles

  • Carver Mark Twain Head Start (Kiwanis Special Activities Fund)

    2.29 miles

  • Kiddie Village Head Start

    2.65 miles

  • Small Society Child Development Center

    5.74 miles

  • Wonderland

    5.91 miles

  • Childtime Child Care

    6.44 miles

  • Santa Fe Child Development Center

    8.43 miles

Frequently Asked Questions

How much does 1212 NW 26th St cost?

The space currently listed for sale at 1212 NW 26th St asks for $4,000,000.

What is the total square footage of 1212 NW 26th St?

1212 NW 26th St totals 34,151 square feet.

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Contact Listing Broker

broker

Carey Velez

Legacy Commercial Property Advisors