$182,500

1801 E Madison Street, Oklahoma City, OK 73111

  • 5 beds |
  • 3 baths |
  • 2,016 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon6,534sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $91/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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.

Listing Status:
Active
Data Last Updated:
March 12, 2026 at 9:24PM
Listing Office:
Bailee & Co. Real Estate : 405-650-1450
Listing Agent:
Kiera Underwood : 479-883-2594
MLS ID:
1211211
  • Appliances: RefrigeratorWasher/Dryer
  • A/C: Window Unit(s)
  • Heating: Zoned
  • Fireplace: None
  • General: Private EntryYardWasher/Dryer Hookup
  • Style: Traditional
  • Roofing: Composition
  • General: Brick & FrameOneConventional
  • Originating MLS: mlsok
  • School District: Oklahoma City
  • County: Oklahoma
  • Zoning: 1801EMadison73111
  • Source: mlsok

This listing courtesy of Kiera Underwood , Bailee & Co. Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  â€ 
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

T

Thelma Parks Elementary School

1501 NE 30th St, Oklahoma City, OK, 73111

Grades PK-4

0.53 miles away

F

F. D. Moon Middle School

1901 N Ellison Ave, Oklahoma City, OK, 73106

Grades 5-8

0.76 miles away

C

Classen High School of Advanced Studies

1901 N Ellison Ave, Oklahoma City, OK, 73106

Grades 9-12

0.85 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.