Corner Lot Duplex
598 2nd Street Healdton, OK 73438
For Sale
$215,000
DUPLEX - Healdton, OK
Property Size2,304 SF
Lot Size0.41 Acres
Price / SF$93.32
Days on Market150
Property Features for 598 2nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 6, Bathroom 4, Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5
- Patio and Porch features
- Porch
- Standard status
- Active
- Size
- 2,304 SF
- Lot size
- 0.41 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Surface Rights Only: See Legal Description Supplement.
- Tax Annual Amount
- 1728
Building Details
- Year built
- 1945
- Floors in Building
- 1
- Building materials
- Wood Frame
- Roof type
- Fiberglass
- Architectural style
- Bungalow
Listing Agency:
Ardmore Realty, Inc
(580) 226-4200
Listed By:
Hannah Lewis · License #181598
(580) 226-4200
Added: Feb 23
Changed: Jul 12
Last Checked: Jul 23 at 1:06PM
MLS# 2605399
Copyright © 2026 MLS Technology, 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 an investment package consisting of four rental units grouped together on a corner lot in Healdton. The mix includes two 1-bed/1-bath units and two 2-bed/1-bath units. According to the provided remarks, all four units are currently rented with year leases in place, and updates have been made in each unit. The driveway was recently redone, supporting continued ease of access for residents.
The property sits on a 0.41-acre corner lot at 598 2nd Street in Healdton, within Carter County, Oklahoma. The package format brings multiple unit types together in one ownership group, which can simplify management and occupancy oversight.
For buyers seeking a ready-to-operate residential income package, this structure provides in-place tenancy through year leases and a diversified unit mix between one-bedroom and two-bedroom layouts. The documentation referenced in the remarks includes a breakdown of improvements and current rental amounts, which can help diligence around the recently completed updates and ongoing rent roll. The property size is listed as 2,304 square feet for the package, and it presents a straightforward opportunity to add multiple leased doors to a portfolio.
The property sits on a 0.41-acre corner lot at 598 2nd Street in Healdton, within Carter County, Oklahoma. The package format brings multiple unit types together in one ownership group, which can simplify management and occupancy oversight.
For buyers seeking a ready-to-operate residential income package, this structure provides in-place tenancy through year leases and a diversified unit mix between one-bedroom and two-bedroom layouts. The documentation referenced in the remarks includes a breakdown of improvements and current rental amounts, which can help diligence around the recently completed updates and ongoing rent roll. The property size is listed as 2,304 square feet for the package, and it presents a straightforward opportunity to add multiple leased doors to a portfolio.
Key Highlights
- Investment package with 4 rental units on a corner lot in Healdton
- All 4 units currently rented with year leases in place
- Current income totals $2,550 per month (per the listing remarks)
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 | $28.5k | $12.36 |
| − Vacancy | −$2.9k | −$1.26 |
| EGI | $25.6k | $11.10 |
| − OpEx | −$7.7k | −$3.33 |
| NOI | $17.9k | $7.77 |
2,304 SF · lease $12.36/SF/yr · vacancy 10.16% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$255.8K
$223.9K – $298.5K
NOI $17,909 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$234.7K
$205.4K – $273.9K
NOI $16,431 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$590.9K
$517.0K – $689.4K
NOI $41,361 @ 7.0% cap · market cap 19.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four leased rental units on a corner lot, configured as two 1-bedroom and two 2-bedroom homes.
Where is this quadplex located?
The property is located at 598 2nd Street Healdton, OK.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Investment package with 4 rental units on a corner lot in Healdton; All 4 units currently rented with year leases in place; Current income totals $2,550 per month (per the listing remarks)
