This is a prime opportunity to secure your place in the rapidly expanding West Downtown OKC area! This lot, perfectly positioned just west of downtown and a stone's throw from Midtown, offers endless possibilities for the savvy investor or visionary homeowner. Whether you're looking to build your dream home and immerse yourself in the vibrant downtown lifestyle or hold onto the property and watch your investment grow, this location is ideal. The lot has been meticulously cleared, presenting a blank slate ready for new construction. Zoned R3, it’s perfect for a single-family home, duplex, or even a high-rise to maximize both cost efficiency and space. With neighboring streets already undergoing new builds and renovations, this area is on the cusp of significant transformation. Imagine living just minutes away from OKC's premier entertainment spots like Beer City Music Hall, Sunshine Brewery, Fair Weather Friends Brewery & Taproom, Jones Assembly, 21c Museum Hotel, and Stonecloud Brewing Company. This lot is nestled in the evolving Iron Works District, surrounded by both residential and light industrial properties, giving you the flexibility to create a truly unique space. Don’t miss your chance to be part of this exciting growth—whether you’re looking to build now or hold for future development, the possibilities here are endless!
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$391
Per Month
Principal & Interest
$324
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
$261
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 school0.96 miles
Public District Grades PK-4
6
/10
Mark Twain Elementary School
2451 W Main St
Distance between this listing and this school1.11 miles
Public District Grades PK-4
4
/10
Hawthorne Elementary School
2300 NW 15th St
Distance between this listing and this school1.34 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 school0.89 miles
Public Charter Grades PK-8
8
/10
Classen Middle School of Advanced Studies
1901 N Ellison Ave
Distance between this listing and this school1.22 miles
Public District Grades 5-8
9
/10
Dove Science Academy Middle School
919 NW 23rd St
Distance between this listing and this school1.65 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 school1.86 miles
Public Charter Grades 9-12
9
/10
Harding Fine Arts Academy
3333 N Shartel Ave
Distance between this listing and this school2.36 miles
Public Charter Grades 9-12
1
/10
Northwest Classen High School
2801 NW 27th St
Distance between this listing and this school2.50 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 most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 314 N Mckinley Ave
What is the listing price of this property?
The listing price of 314 N Mckinley Ave property is $64,900.
What type of property is this?
The property 314 N Mckinley Ave is land located in Oklahoma City, Oklahoma, 73106.
Is this property for sale now?
Active Listing: 314 N Mckinley Ave 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 $5 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 23, 2018 for $320,000. (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 314 N Mckinley Ave in Oklahoma City, OK and zip code 73106 in the Central Oklahoma City neighborhood. This home sits on a 0.04 acre lot. It has been listed on Rocket Homes since August 26, 2024 and is currently priced at $64,900.
Oklahoma City, OK housing market in October 2024 saw over 126 listings sold above listed price, more than 240 sold at listed price and over 385 sold below. In October 2024 in Oklahoma City, OK there were 8.5% more homes for sale than in September 2024. In October 2024, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $252,519.
From Rocket Homes Real Estate and based on county public records data.