Four-Plex Unit with Two
109 Kendra Drive Midwest City, OK 73110
109 Kendra Drive, Midwest City, OK, 73110
$115,000
For Sale
$115,000
MULTI_FAMILY - Other - Midwest City, OK
Property Size1,051 SF
Price / SF$109.42
Days on Market14
Property Features for 109 Kendra Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
- Parking
- 2
- Fireplace
- 1
- Appliances
- Dishwasher, Refrigerator, Washer/Dryer, Water Heater
- Standard status
- Active
- APN
- 109NONEKendra73110
- Size
- 1,051 SF
Utilities
- Heating system
- Natural Gas
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1981
- Floors in Building
- 1
- Building materials
- Brick & Frame
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
RE/MAX Gemini
(405) 605-7355
3101 Tinker Diagonal, Oklahoma City, OK
Listed by
Sonya Weaver · License #132181
(405) 249-2225
Added: Jul 5 Checked: Jul 18 at 11:06 am
MLS# 1237994
Listing URL
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering is one unit within a four-plex. The layout includes a large living room with a decorative fireplace open to the dining space, two bedrooms, and two full bathrooms. The kitchen is equipped with a glass-top electric stove, dishwasher, refrigerator, and stackable washer/dryer.
Recent updates include LVP flooring, repainted interior, can lights in the kitchen, updated cabinets, subway tile backsplash, and new countertops in the kitchen, all completed within the last three years. The HVAC was manufactured in 2017, and the hot water tank is dated 2020.
The property is currently occupied, with the existing lease running through 30 Sep 2026.
Recent updates include LVP flooring, repainted interior, can lights in the kitchen, updated cabinets, subway tile backsplash, and new countertops in the kitchen, all completed within the last three years. The HVAC was manufactured in 2017, and the hot water tank is dated 2020.
The property is currently occupied, with the existing lease running through 30 Sep 2026.
Key Highlights
- Currently leased through 30 Sep 26; tenant is in place and would like to stay (subject to approval).
- One unit in a four‑plex with a large living room featuring a decorative fireplace open to the dining area.
- Two bedrooms and two full bathrooms.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.5k | $12.84 |
| − Vacancy | −$1.3k | −$1.27 |
| EGI | $12.2k | $11.57 |
| − OpEx | −$5.5k | −$5.21 |
| NOI | $6.7k | $6.36 |
1,051 SF · lease $12.84/SF/yr · vacancy 9.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$95.5K
$83.6K – $111.5K
NOI $6,687 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$218.9K
$191.5K – $255.4K
NOI $15,323 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Residential income property - Occupied four-plex unit features two full baths, updated kitchen, and HVAC manufactured in 2017.
Where is this residential income property located?
The property is located at 109 Kendra Drive Midwest City, OK.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Currently leased through 30 Sep 26; tenant is in place and would like to stay (subject to approval).; One unit in a four‑plex with a large living room featuring a decorative fireplace open to the dining area.; Two bedrooms and two full bathrooms.
