About 400 Sw 42nd Street
Excellent investment opportunity! This well-maintained, two-story multifamily property features 8 total units—6 one-bedroom units and 2 studio/efficiency units—all in good condition and fully occupied. The property is under a master lease with the Homeless Alliance, offering guaranteed rent payments and stable tenancy. All units have passed Housing Authority inspections, ensuring compliance and minimal maintenance concerns. This is a turnkey, income-producing asset with a strong rental history and no reported issues. Ideal for investors seeking reliable cash flow with minimal oversight. Financial overview is available upon request and cap rate is 11.6%
Features of 400 Sw 42nd Street
| MLS® # | 1181703 |
|---|---|
| Price | $525,000 |
| Bedrooms | 8 |
| Full Baths | 8 |
| Square Footage | 4,006 |
| Year Built | 1925 |
| Type | Residential Income |
| Sub-Type | More Than 4 Units |
| Style | Other |
| Status | Pending |
Community Information
| Address | 400 Sw 42nd Street |
|---|---|
| Subdivision | Draper Park Add |
| City | Oklahoma City |
| County | Oklahoma |
| State | OK |
| Zip Code | 73109 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Parking | Concrete |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
Exterior
| Lot Description | Corner Lot |
|---|---|
| Roof | Composition |
| Construction | Brick & Frame |
| Foundation | Combination |
School Information
| District | Oklahoma City |
|---|---|
| Elementary | Capitol Hill ES |
| Middle | Santa Fe South MS |
| High | Santa Fe South HS |
Additional Information
| Date Listed | July 22nd, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Eleonore Hutton |
|---|---|
| Office | The Brokerage |
| Contact Info | 405-451-4805 |