Turnkey Quad-Plex Investment
711 N Douglas Ave. Oklahoma City, OK 73106
For Sale
$549,000
Pending
MULTI_FAMILY - Oklahoma City, OK
Property Size2,560 SF
Lot Size0.15 Acres
Days on Market161
Property Features for 711 N Douglas Ave.
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Standard status
Pending
APN
711NDouglasAve.73106
Size
2,560 SF
Lot size
0.15 Acres
Building Details
Year built
2020
Floors in Building
1
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
RE/MAX at Home
(405) 708-6691
Listed By:
Mary L Walker · License #143671
(405) 209-0124
Added: Feb 17
Changed: Jul 14
Last Checked: Jul 28 at 8:06AM
MLS# 1213982
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 is a fully operational, income-producing quad-plex with luxury finishes. The property is located minutes from Midtown, Plaza District, Automobile Alley, the Fairgrounds, and the Wheeler District, and is 7 miles from Will Rogers World Airport. The property is suitable for investors looking for cash flow, owner-occupants wanting to offset living costs, or entrepreneurs ready to maximize a short-term or long-term rental business. All four units are fully furnished with polished concrete floors, high-end appliances, quartz and marble bath vanity tops, and keyless entry. The property includes a laundry room, pet wash station, covered parking, and expansive outdoor space. The property is perfect for short-term Airbnb and VRBO stays, mid-term rentals for traveling nurses and medical professionals on 3-4 month assignments, long-term traditional leases, or a combination of all three. The property is already serving the market of furnished mid-term housing. The property includes all four units fully furnished, historical rental performance data, a complete brand package with logo and color scheme, ADA compliant features, automatic exterior lighting, motion sensor lights, covered parking, and Metro Park Neighborhood Association. The property has 2560 square feet of living space and sits on a lot of 0.1492 acres.
Key Highlights
- New price: $549,900 for a fully operational, income‑producing 4‑unit quad‑plex in downtown OKC
- Built in 2020 with metal siding and a metal roof
- All four units are fully furnished with polished concrete floors and high‑end appliances
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 | $35.3k | $13.80 |
| − Vacancy | −$1.9k | −$0.76 |
| EGI | $33.4k | $13.04 |
| − OpEx | −$10.0k | −$3.91 |
| NOI | $23.4k | $9.13 |
2,560 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$333.8K
$292.1K – $389.5K
NOI $23,369 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$308.9K
$270.3K – $360.4K
NOI $21,624 @ 7.0% cap · market cap 3.94%
Theoretical Best
Specialty Retail
$875.5K
$766.1K – $1.02M
NOI $61,286 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Fully operational quad-plex with luxury finishes in downtown Oklahoma City.
Where is this quadplex located?
The property is located at 711 N Douglas Ave. Oklahoma City, OK.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: New price: $549,900 for a fully operational, income‑producing 4‑unit quad‑plex in downtown OKC; Built in 2020 with metal siding and a metal roof; All four units are fully furnished with polished concrete floors and high‑end appliances
