FIVE LOTS NEAR DOWNTOWN!!! Welcome to the future of investment in the vibrant heart of Oklahoma City! Presenting a unique opportunity to own not just one, but five lots in the coveted Iron Work District. Ideally positioned just west of Downtown OKC, and south of Midtown, these lots offer a canvas for your investment dreams. Selling all 5 lots as a portfolio package to include MLS ##1103827, #1103835, #1103837, #1103838 and #1103843; price is per lot. Four of the lots are vacant and cleared, and one lot has an existing home. While the home has been given no value due to its dilapidated condition, it presents a unique advantage. The current long-term renter, on a month-to-month lease, expresses a desire to stay, providing an immediate cash flow rental of $480 per month. This arrangement allows you the flexibility to make plans for the property while enjoying a steady income stream. Imagine the possibilities as you step into the rapidly developing Iron Work District, recognized as one of the last frontiers for expansion from Downtown. Downtown OKC is experiencing a surge in transformation, and this property is perfectly positioned to benefit from the surrounding entertainment hubs, including Beer City Music Hall, Fair Weather Friends Brewery & Taproom, Sunshine Brewery, Jones Assembly, 21c Museum Hotel, West Village, Stonecloud Brewing Company, and more. This is not just an investment; it's a chance to be part of the up-and-coming downtown scene. If you're an astute investor eyeing a strategic location, these vacant lots hold the key to unlocking the full potential of the Iron Work District. Act now and secure your stake in this dynamic and evolving neighborhood.
Property Details
Property Features
Listing Office:
Office Name: Chinowth & Cohen
Office Phone: (405) 330-0031
Listing Agent: Wenona R Jones
Lot Features
Lot Information:
Lot: Interior Lot
Lot Size: 0.16 Acres
Other
Directions Information:
Directions: Lot is located on the South side of NW 2nd St just east of intersection of NW 2nd St and McKinley Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $95,000
Tax Information:
Annual Amount: $616
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Oklahoma City, OK.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$542
Per Month
Principal & Interest
$475
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$351
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Eugene Field Elementary School
1515 N Klein Ave
Distance between this listing and this school1.02 miles
Public District Grades PK-4
6
/10
Mark Twain Elementary School
2451 W Main St
Distance between this listing and this school1.17 miles
Public District Grades PK-4
4
/10
Hawthorne Elementary School
2300 NW 15th St
Distance between this listing and this school1.43 miles
Public District Grades PK-4
Nearby Schools
8
/10
John Rex Charter Elementary School
500 W Sheridan Ave
Distance between this listing and this school0.80 miles
Public Charter Grades PK-8
8
/10
Classen Middle School of Advanced Studies
1901 N Ellison Ave
Distance between this listing and this school1.27 miles
Public District Grades 5-8
9
/10
Dove Science Academy Middle School
919 NW 23rd St
Distance between this listing and this school1.70 miles
Public Charter Grades 6-8
Nearby Schools
6
/10
Astec Charter High School
2401 NW 23rd St Ste 39A
Distance between this listing and this school1.95 miles
Public Charter Grades 9-12
9
/10
Harding Fine Arts Academy
3333 N Shartel Ave
Distance between this listing and this school2.41 miles
Public Charter Grades 9-12
1
/10
Northwest Classen High School
2801 NW 27th St
Distance between this listing and this school2.59 miles
The neighbors living near this home have an average income of $23,438. Residents of Oklahoma City, OK typically earn less than $35k each year. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1316 NW 2nd St
What is the listing price of this property?
The listing price of 1316 NW 2nd St property is $95,000.
What type of property is this?
The property 1316 NW 2nd St is land located in Oklahoma City, Oklahoma, 73106.
Is this property for sale now?
Active Listing: 1316 NW 2nd St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $616 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 19, 2019 for $47,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1316 NW 2nd St in Oklahoma City, OK and zip code 73106 in the Central Oklahoma City neighborhood. This home sits on a 0.16 acre lot. It has been listed on Rocket Homes since March 15, 2024 and is currently priced at $95,000.
Over 126 listings were sold over their listed price in October 2024 in Oklahoma City, OK. In the same period over 385 listings were sold below the listed price and 240 listings were sold for the listed price. The number of listings in Oklahoma City, OK increased by 8.5% between September 2024 and October 2024. The median list price of listings available in October 2024 was $252,519, while the average time on the real estate market was 40 days.
From Rocket Homes Real Estate and based on county public records data.
Copyright© 2024 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
UFC
UFC
Figure Skating
Family Dollar
Chico's
Burlington
Burger King
Bob Evans
Popeyes
Buick
Oldsmobile
Dodge
Urban Contemporary
News
Jazz