1812 NW 23rd Street, Oklahoma City, OK 73106

About this home

**Investor Special Across from OCU – Prime Rental Potential!** Opportunity is knocking just steps from Oklahoma City University! This 3-bed, 1-bath fixer-upper is packed with potential and perfectly positioned for a savvy investor looking to tap into the high-demand student rental market. Whether you’re just starting out or expanding your portfolio, this is a value-add opportunity you won’t want to miss. Inside, you’ll find three sizable bedrooms, two living areas, and two separate entrances—making it ideal for renting by the room or reconfiguring for multi-tenant use. The standout feature is a rare walk-out basement (approx. 1000 SF) that includes a charming wood-paneled room that makes it a prime candidate for conversion into an efficiency apartment with its own private back entrance. The generous lot offers ample parking in both front and back, a major perk for student tenants. Zoned R-2, the property offers flexibility of use, and with the right vision, it could qualify for a SPUD (Simplified Planned Unit Development) to allow for light commercial or multifamily possibilities. Want more potential? With city approval, the large backyard could accommodate an additional apartment or small unit—plenty of space to work with for future expansion. Additional highlights: Newer HVAC system, Directly across from campus – unbeatable location, and an Ideal layout for multi-unit conversion or co-living rental model. With the location, layout, and zoning on your side, this one’s a no-brainer for anyone looking to create consistent cash flow near a major university. **Sold as-is – bring your vision and unlock the potential!**