Build in 2023, fully leased, and priced below estimated new construction cost-with rent upside. This Bethany portfolio includes 11 single-story duplexes totaling 22 three-bedroom, two-bath units. At $4,000,000, the price is approximately $363,636 per duplex versus an estimated $380,000-$410,000 to build comparable duplexes including land. Acquire established rental income without construction delays or initial lease-up. Current rents average $1,522 per month versus estimated market rents of $1,650, representing approximately $33,800 in potential additional annual gross rent across the portfolio. Fourteen leases expire within 12 months, providing opportunities to adjust rents as leases renew. Each duplex occupies its own parcel, allowing flexibility to hold the portfolio or sell buildings individually. Tankless water heaters, tenant-paid utilities, HOA-provided landscaping, and third-party management already in place. Construction costs and market rents are estimates; rent increases are subject to lease terms and market conditions.
Multi-familyProperty Type
2023Year Built
6,969 sq ftLot Size
$1,493Price/Sq.Ft.
2 car garageParking
Listed by Darren Marks• HARMON REAL ESTATE COMPANY
We couldn't find any schools that service this home or are within 5 miles of this home.
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About Central Oklahoma
City
Central Oklahoma City, located between Downtown OKC and the Oklahoma State Capitol, is a historic and civic Oklahoma City neighborhood with a skyline backdrop and a grid of early 20th-century streets. The neighborhood’s character concentrates around NW 23rd Street and N Classen Boulevard, where marquees, patios, and late-night storefronts line the sidewalks. Community pillars include the Tower Theatre, Ponyboy, and the Oklahoma City Museum of Art. Brick walk-ups and bungalow blocks mix with midcentury commercial strips and newer infill. Myriad Botanical Gardens and Scissortail Park frame daily routines with lawns, paths, and seasonal programming. The streetcar and bike lanes stitch together galleries, coffee counters, and performance venues.
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Property details
Interior
Exterior
Finance
Bathrooms
2 full bathrooms
Kitchen
Refrigerator, dishwasher, oven
Laundry & utility
In-unit laundry
Flooring
Ceramic tile, vinyl
Heating & cooling
Central heating and air conditioning, fireplaces
Exterior features
City street frontage
Publicly maintained road
Home design
Duplex
One level
Parking
Two-car garage
Construction
Composition roof
Slab foundation
Utilities
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home