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1540 NW 30th St
Oklahoma City, OK 73106
Blackwelder Apartments · Multifamily Property For Sale
·
16 Units
Investment Highlights
- Brand-new construction – built in 2025 with no near-term capex needs
- 16 units across two buildings (Blackwelder I & II) – 13 one-bedroom and 3 two-bedroom floor plans
- 22 on-site parking spaces (1.4 spaces per unit)
- Strong in-place cash flow: $95,372 combined NOI on TTM financials (~54% operating margin)
- Tenant-controlled HVAC keeps utility expenses low for ownership
- Modern in-unit amenities: A/C, balconies, disposals, and full kitchen appliance packages
Executive Summary
Blackwelder Apartments — 16-Unit Value-Add Multifamily Near OCU | 1540 NW 30th Street, Oklahoma City, OK 73118
$3,650,000 | Built 2025 | 100% Occupied
A rare opportunity to acquire a brand-new (2025), 16-unit boutique multifamily community steps from Oklahoma City University — perfectly positioned to capture strong, consistent demand from OCU students and young professionals working in Midtown, Uptown, and downtown OKC.
Blackwelder delivers a mix of 13 one-bedroom/one-bath units (590 SF) and 3 two-bedroom/one-bath units (950 SF), each finished with high-end touches rarely found at this price point: white shaker cabinetry, matte black kitchen islands, modern tile showers, natural wood-finish balconies, and in-unit washer/dryer in every home. On-site parking is included for all units.
Location, Location, Location
Situated directly between three of OKC's most walkable, amenity-rich districts — NW 23rd Street, the Plaza District, and the Asian District — residents are minutes from award-winning restaurants, boutique retail, nightlife, and grocery options. With OCU literally around the corner, Blackwelder is purpose-built to lease to a deep, renewing pool of students and young professionals who want walkability and a boutique feel over big-complex living.
Property Highlights
16 total units: 13× 1BR/1BA (590 SF) + 3× 2BR/1BA (950 SF)
Built 2025 — minimal near-term capital expenditure expected
Currently 93.75% occupied with a professional third-party management team (The Scott Group) in place
On-site parking, in-unit washer/dryer, premium finishes throughout
Small, intimate scale appeals to renters seeking privacy over large complex living
Investment Appeal
Blackwelder combines new-vintage construction, a supply-constrained infill location, and a built-in renter pool anchored by OCU — a rare combination for an asset this size. With one unit still leasing up and rents on several leases below current market comps, there's clear upside for a new owner to push rents at renewal and stabilize the asset at a stronger going-in yield.
$3,650,000 | Built 2025 | 100% Occupied
A rare opportunity to acquire a brand-new (2025), 16-unit boutique multifamily community steps from Oklahoma City University — perfectly positioned to capture strong, consistent demand from OCU students and young professionals working in Midtown, Uptown, and downtown OKC.
Blackwelder delivers a mix of 13 one-bedroom/one-bath units (590 SF) and 3 two-bedroom/one-bath units (950 SF), each finished with high-end touches rarely found at this price point: white shaker cabinetry, matte black kitchen islands, modern tile showers, natural wood-finish balconies, and in-unit washer/dryer in every home. On-site parking is included for all units.
Location, Location, Location
Situated directly between three of OKC's most walkable, amenity-rich districts — NW 23rd Street, the Plaza District, and the Asian District — residents are minutes from award-winning restaurants, boutique retail, nightlife, and grocery options. With OCU literally around the corner, Blackwelder is purpose-built to lease to a deep, renewing pool of students and young professionals who want walkability and a boutique feel over big-complex living.
Property Highlights
16 total units: 13× 1BR/1BA (590 SF) + 3× 2BR/1BA (950 SF)
Built 2025 — minimal near-term capital expenditure expected
Currently 93.75% occupied with a professional third-party management team (The Scott Group) in place
On-site parking, in-unit washer/dryer, premium finishes throughout
Small, intimate scale appeals to renters seeking privacy over large complex living
Investment Appeal
Blackwelder combines new-vintage construction, a supply-constrained infill location, and a built-in renter pool anchored by OCU — a rare combination for an asset this size. With one unit still leasing up and rents on several leases below current market comps, there's clear upside for a new owner to push rents at renewal and stabilize the asset at a stronger going-in yield.
Property Facts
| Price Per Unit | $317,071 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 2.61% | Building Size | 11,451 SF |
| Gross Rent Multiplier | 18.62 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 1.92/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | SPUD | ||
| Price Per Unit | $317,071 CAD |
| Sale Type | Investment |
| Cap Rate | 2.61% |
| Gross Rent Multiplier | 18.62 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 11,451 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 1.92/1,000 SF |
| Zoning | SPUD |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 590 |
| 2+1 | 4 | - | 924 |
Property Taxes
| Parcel Number | 050050025 | Improvements Assessment | $0 CAD |
| Land Assessment | $15,256 CAD | Total Assessment | $15,256 CAD |
Property Taxes
Parcel Number
050050025
Land Assessment
$15,256 CAD
Improvements Assessment
$0 CAD
Total Assessment
$15,256 CAD
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