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    Four-Unit Quadplex with Updated Roof Title is generated by Realmo AI

    2257 Donna Drive, Norman, OK 73071

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    Claim this Listing
    New
    For Sale
    $415,000

    MULTI_FAMILY - Other - Norman, OK

    Property size:
    3,524 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $117/SF
    Added:
    Jun 11, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 11 at 7:06 pm

    Property Features for 2257 Donna Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bedroom 7, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 8, Bedroom 6, Bedroom 3, Bathroom 4, Bedroom 1
    Fireplace
    1
    Standard status
    Active
    APN
    2257NONEDonna225973071
    Size
    3,524 SF
    Lot size
    0.34 Acres

    Building Details

    Year built
    1977
    Floors in Building
    1
    Building materials
    Brick & Frame
    Roof type
    Composition
    Architectural style
    Other

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    Listing Contact
    Kristy Beissel

    Listing agent Kristy Beissel License #201955

    Listing office Whittington Realty 26 SW 104th, Oklahoma City, OK

    Listing date Jun 11, 2026

    MLS# 1233727 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.

    HighLights

    • 4‑unit property built in 1977 with Brick & Frame construction
    • Each unit includes 2 bedrooms and 1 bathroom
    • No leases currently in place—new ownership can set market rents
    • NEW roof installed in 2023
    • HVAC updates plus appliance upgrades, new windows, and cosmetic improvements including new flooring and paint
    • Fireplace included (FireplaceYN: true)

    Overview

    This quadplex features four separate residential units, with each unit offering two bedrooms and one bathroom. The property has undergone multiple upgrades, including HVAC updates, appliance upgrades, new windows, and cosmetic improvements such as new flooring and paint. A new roof was installed in 2023, supporting a more durable exterior and reduced near-term capital needs. The seller also notes that there are currently no leases in place, giving a new owner full flexibility to set future rental terms.

    The property is located at 2257 Donna Drive in Norman, Oklahoma, within minutes of campus and described as ideally positioned within walking distance to shopping and restaurants. The lot size is listed at 0.34 acres.

    For buyers and operators seeking a small, multi-unit portfolio, this layout can appeal to tenants looking for roommate-friendly configurations or small households. With a consistent unit mix across all four homes and meaningful renovations already completed, the property may fit well for owners who want straightforward leasing and a uniform floor plan across the asset. All showings are by appointment.

    Local Financial Insights For Multifamily LT 5

    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 $48.6k $13.80
    − Vacancy −$3.0k −$0.85
    EGI $45.6k $12.95
    − OpEx −$13.7k −$3.88
    NOI $31.9k $9.06
    3,524 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $456.3K
    $399.3K – $532.4K (±1% cap)
    NOI $31,941 @ 7.0% cap · market cap 7.70%
    Second Best
    Apartment 5plus
    $419.4K
    $367.0K – $489.3K (±1% cap)
    NOI $29,358 @ 7.0% cap · market cap 7.07%
    Theoretical Best
    Specialty Retail
    $608.9K
    $532.8K – $710.4K (±1% cap)
    NOI $42,626 @ 7.0% cap · market cap 10.27%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Top of the World Construction ... Construction Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.426077
    Latitude
    35.201077

    FAQs

    What type of property is this?
    Quadplex - Well-maintained four-unit quadplex with modernized interiors and a roof installed in 2023.
    Where is this quadplex located?
    The property is located at 2257 Donna Drive Norman, OK.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: 4‑unit property built in 1977 with Brick & Frame construction; Each unit includes 2 bedrooms and 1 bathroom; No leases currently in place—new ownership can set market rents
    More about this property
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