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    4 Grand Lake Dr Monkey Island, OK 74331

    For Sale
    $949,900

    Multi-Family, 1 - Duplex,Tri-plex,4-plex - Monkey Island, OK

    Days on Market:
    59
    Last Refresh:
    Dec 6 at 10:06 am

    Property Features for 4 Grand Lake Dr

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    APN
    210021478

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1983
    Floors in Building
    2
    Building materials
    Frame
    Architectural style
    Other

    McGraw Realtors Langley Oklahoma (918) 688-1411 [email protected]

    Listing agent Jeff Horany (918) 782-3211

    Listing date Oct 9, 2025

    MLS# 25-1885 Listing URL

    Copyright © 2025 Northeast Oklahoma Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Monkey Island Multi-Family Investment Opportunity

    This multi-family property on Grand Lake presents an investment opportunity with development potential. Located inside Port Duncan on Monkey Island, the property includes a 4-plex with four 2-bedroom, 2-bath units, and a duplex featuring one 2-bedroom, 2-bath unit and one 3-bedroom, 2-bath unit with new granite and carpet. All units are currently leased, generating $68,000 per year in revenue. Financials will be provided to qualified buyers. The property also includes two additional lots for further development or building a custom lake property. The overall size is 1.2 acres in Delaware County. The property consists of four parcels that are in the neighborhood but not currently part of the HOA.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Building Supply Clothing Store Gym & Fitness Skin Care Clinic Wholesale Shop Hotel & Motel Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Monkey Island
    County
    Ottawa
    State
    Oklahoma
    Longitude
    -94.859948
    Latitude
    36.592931

    Nearby Similar for Sale

    • $8,900,000
      Pending

      Monkey Island Commercial Investment Opportunity

      75.71-acre waterfront commercial property with marina, airstrip, and more.
      56351 Sh-125, Monkey Island, OK 74331
      View Details
    • $224,900

      Shangri La Resort Condo

      Furnished condo at Shangri La Resort with golf course views.
      57200 E Highway 125, Monkey Island, OK 74331
      View Details
    • $289,000

      Renovated Townhome in The Reserve

      Fully renovated and furnished 3-bedroom townhome near Monkey Island.
      27950 S Highway 125, Monkey Island, OK 74331
      View Details

    FAQs

    What type of property is this?
    Apartment building - Investment property on Grand Lake with development potential.
    Where is this apartment building located?
    The property is located at 4 Grand Lake Dr Monkey Island, OK.
    What is the asking price?
    The asking price for this property is $949,900.
    What are key features of this property?
    This property features: - High-income generating investment property: $68,000 annual revenue from 6 existing units.; - Development potential: Includes 2 additional lots for building more units or a custom lake property.; - Prime location: Situated inside Port Duncan on Monkey Island, Grand Lake.
    (918) 782-3211
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    4 Grand Lake Dr Monkey Island, OK 74331
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    Monkey Island, OK 74331
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4 Grand Lake Dr Monkey Island, OK 74331
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