he Marlin at 3100 S Dumas Lane in Oklahoma City presents a turnkey 47-unit multifamily investment opportunity with guaranteed income through Section 8 housing. Fully remodeled and stabilized as of November 2024, the property offers all two-bedroom, one-bathroom units averaging 672 square feet, each featuring updated interiors and in-unit laundry. The asset is professionally managed, with 110 surface parking spaces (1.53 per unit) and a landscaped courtyard, providing both convenience and comfort for tenants. Located in a prime southwest OKC submarket, The Marlin benefits from close proximity to major transit options, including a 4-minute drive to Will Rogers Airport and just 10 minutes to the Amtrak station. The property is currently leased with strong in-place income—2025 year-to-date NOI exceeds $133,000, with room for further rental upside as current rents range from $970 to $1,200 per unit. The surrounding area supports high renter demand, with a 5-mile population of over 209,000 and a strong mix of workforce housing. Investors will appreciate the combination of stable cash flow, recent renovations, and long-term affordability demand in a growing market.

Although all 47 units are the same — 2-bed, 1-bath layouts — the difference in voucher amounts comes from how tenants are classified under Section 8:

    •    $1,200 rents reflect 2-bedroom vouchers, aligned with the unit size.

    •    $900 rents come from tenants with 1-bedroom vouchers, even though they occupy full 2-bedroom units.

This creates a clear value-add opportunity: By converting the $900 vouchers to $1,200 over time — either through tenant turnover or working with the housing authority during recertification — a new owner can significantly increase monthly income and overall NOI without any renovations.

💼 Turnkey Investment Opportunity | 47-Unit Section 8 Multifamily Asset | $4,560,000

Welcome to The Marlin, a fully remodeled, stabilized 47-unit garden-style apartment complex in southwest Oklahoma City. This cash-flowing asset is backed by guaranteed Section 8 rental income, ensuring investors long-term, reliable returns.

🛏 Unit Mix: All units are 2-bed, 1-bath averaging 672 SF — thoughtfully renovated with updated interiors, in-unit laundry areas, and modern finishes.

📍 Location Highlights:

• 10 minutes to Amtrak Station

• 4 minutes to Will Rogers Airport

• Convenient access to major employment hubs and public transit

🏢 On-Site Amenities:

• Professional property management in place

• Central courtyard for tenant enjoyment

• 110 surface parking spaces (1.53 per unit)

📈 Strong Performance:

• Fully leased with stabilized operations as of November 2024

• YTD 2025 NOI exceeds $133,000+ with continued upside

• Rents aligned with market comps ($970–$1,200)

🌍 Demographics & Demand:

• 5-mile population of 209K with consistent household growth

• High renter demand for affordable 2-bedroom units in the submarket