1801 E Madison Street, Oklahoma City, OK 73111

About this home

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.