www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32316910
32316911

1216 N Blackwelder Ave, Oklahoma City, OK 73106

AS
OK 209339
Creek Commercial Realty
AT
OK 179422
Creek Commercial Realty
Listed by Creek Commercial Realty
$7,000,000
28 days on market
Updated 6 days ago

1216 N Blackwelder Ave

Details
Property Type Multifamily
Sub Type Apartment Building, High-Rise
Square Footage 32,145
Units 35
Cap Rate 7.23%
NOI $504,656
Occupancy 97%
Year Built 2023
Acreage 0.970
Zoning Commercial/mixed-Use

1216 N Blackwelder Ave, Oklahoma City, OK 73106

Marketing description

This is a rare opportunity to acquire a 35-unit multifamily portfolio located at NW 12th & Blackwelder in Oklahoma City, just a few blocks from the highly desirable Plaza District. The portfolio consists of newly built and recently renovated units with strong in-place performance, currently 94% occupied. The properties are contiguous, offering operational efficiency and a cohesive investment footprint. Notably, 9 of the units are live/work spaces, providing a unique mixed-use component that appeals to entrepreneurs and small business operators. With modern construction, strong occupancy, and a prime urban location in one of OKC's most dynamic submarkets, this asset is well-positioned for both stable cash flow and continued appreciation.

Beautiful 1930's historical building completely renovated in 2021! (5) downstairs Live/Work spaces zoned for commercial/mixed-use. Great concept to open your art/creative studio, office, or retail store. Open, light-filled space with stylish divided light, garage door (not for parking), and windows offer an incredible view. The open studio concept offers an open kitchen with stainless steel appliances, concrete floors, 12' ceilings with exposed ductwork, ADA full bathroom, a large closet, and washer/dryer hookups. Parking lot around back and a quick 2 Blocks from the Plaza District and 1 block from McKinley Park!

Investment highlights

  • 35 total units in a single, contiguous portfolio
  • Prime location near the Plaza District in Oklahoma City
  • 94% occupancy with strong in-place income
  • Mix of newly constructed and recently renovated units
  • 9 live/work units offering diversified income potential
  • Built in 2023 – modern construction with minimal maintenance
  • 4 live/work loft-style on the first floor
  • 3 one-bedroom apartments on the second floor
  • Tall ceilings throughout for an open, airy feel
  • Designed for flexibility – ideal for entrepreneurs and remote workers
  • Strong appeal to urban renters seeking modern, functional spaces
  • Contemporary design with clean lines and quality finishes  

Listing Contacts

AS
OK 209339
Creek Commercial Realty
AT
OK 179422
Creek Commercial Realty
Listed by Creek Commercial Realty

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$504,656.00
$42,054.67/mo

Valuation Metrics

0
DSCR
7.21%
Cap Rate
7.21%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Aden Struble
License
209339
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591