1216 N Blackwelder Ave
16-unit mixed-use property in Oklahoma City offered at $3,450,000 at a 6.46% cap ($215,564 NOI). Built in 2023, the asset combines nine ground-floor live/work units with glass garage doors and direct street access alongside a diverse residential mix of three-bedroom, two-bedroom, and one-bedroom apartments across three stories. The property appeals to both entrepreneurs and renters seeking modern, low-maintenance urban housing.
The 19,130 SF building sits on 0.48 acres zoned S in the Blackwelder Avenue corridor. All units feature tall ceilings, natural light, and contemporary finishes. The trade area supports the mixed-use model: within one mile, 14,569 residents with an average household income of $94,708 and average home value of $269,051; the three-mile radius expands to 83,167 residents. Public transportation, commuter rail, and bus lines serve the location, with airport access nearby.
- Nine ground-floor live/work units with expansive glass garage doors and street frontage
- Diverse residential mix: 3BR/2BA, 2BR/2BA, 2BR/1BA, and one-bedroom units
- Built 2023, modern construction with minimal maintenance
- Strong trade area: 14,569 residents within one mile, $94,708 average household income
- Direct street access and high ceilings throughout
More property details
Features & amenities
Location
Built in 2023, this modern 16-unit mixed-use property offers a low-maintenance investment with a thoughtfully designed unit mix that includes three-bedroom/two-bath, two-bedroom/two-bath, two-bedroom/one-bath, and one-bedroom residences to appeal to a broad range of tenants. The asset also features nine distinctive live/work units with expansive glass garage doors and direct street access, creating flexible spaces ideal for entrepreneurs, creatives, and small business owners while enhancing the property's functionality and long-term rental appeal.
Additional details
Built in 2023 and renovated in 2021, this 16-unit mixed-use asset pairs highly desirable live/work spaces with well-appointed residential units across a cohesive, modern layout. The ground floors feature nine live/work units—several with large glass garage doors that flood the spaces with natural light—offering direct street access and strong storefront presence ideal for creatives, entrepreneurs, and small business owners. Upper levels deliver a diverse residential mix, including a spacious three-bedroom/two-bath, two-bedroom/two-bath and two-bedroom/one-bath units, and well-lit one-bedroom apartments, all finished with tall ceilings, clean architectural lines, and contemporary finishes that appeal to today's urban renter.