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Townhome-Style Multifamily Property

713 S Locust Street Guthrie, OK 73044

New
713 S Locust Street, Guthrie, OK, 73044
$575,000
For Sale
Claim this Listing
$575,000

MULTI_FAMILY - Modern - Guthrie, OK

Property Size5,308 SF
Lot Size0.32 Acres
Price / SF$108.33
AddedJul 13
Days on Market2
Last RefreshJul 14 at 2:06 pm

Property Features for 713 S Locust Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
11
Bathrooms
7
Rooms
Bathroom 1, Bathroom 4, Bedroom 7, Bathroom 2, Bedroom 3, Bedroom 11, Bedroom 4, Bathroom 7, Bedroom 9, Bathroom 3, Bathroom 6, Bedroom 10, Bedroom 1, Bedroom 6, Bathroom 5, Bedroom 8, Bedroom 2, Bedroom 5
Parking
11
Appliances
Dishwasher, Microwave, Refrigerator, Water Heater
Standard status
Active
APN
713SLocust713-72573044
Size
5,308 SF
Lot size
0.32 Acres

Utilities

Heating system
Natural Gas
Cooling system
Electric, Central Air

Building Details

Year built
2004
Floors in Building
1
Building materials
Brick
Roof type
Composition
Architectural style
Modern

Listing agent Andrew Foshee License #176528

Listing office Keller Williams Central OK 10 E Campbell, Edmond, OK

Listing date Jul 13, 2026

MLS# 1237424 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 for-sale multifamily property features a total of seven townhome-style units. The mix includes four 2-bedroom/1-bath units and three 1-bedroom/1-bath units. Each unit offers a spacious living area, a complete kitchen with upper and lower cabinetry and storage, and in-unit laundry hookups. Bedrooms include spacious closets, and each unit also has a private front porch and back patio. Parking is provided at the front with 11 reserved spots for the units, with additional parking allowed along the street. Individual AC is available for each unit.

The property is located at 713 S Locust Street in Guthrie, Oklahoma, within Logan County (73044).

Key Highlights

  • 7‑door townhome with four 2‑bedroom/1‑bath units and three 1‑bedroom/1‑bath units
  • Each unit includes a complete kitchen with upper and lower cabinetry plus in‑unit laundry hookups
  • Individual AC for each unit with electric cooling and central air

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 $89.2k $16.80
− Vacancy −$5.7k −$1.08
EGI $83.5k $15.72
− OpEx −$37.6k −$7.08
NOI $45.9k $8.65
5,308 SF · lease $16.80/SF/yr · vacancy 6.40% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$655.8K
$573.8K – $765.1K (±1% cap)
NOI $45,907 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.50M (±1% cap)
NOI $89,811 @ 7.0% cap · market cap 15.62%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Dental Office Building Supply Auto Parts Store Law Firm Pharmacy Electrical Service Plumbing Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

FAQs

What type of property is this?
Apartment building - Seven townhome-style units include in-unit laundry hookups, private porches/patios, and individual AC with front parking for 11 vehicles.
Where is this apartment building located?
The property is located at 713 S Locust Street Guthrie, OK.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 7‑door townhome with four 2‑bedroom/1‑bath units and three 1‑bedroom/1‑bath units; Each unit includes a complete kitchen with upper and lower cabinetry plus in‑unit laundry hookups; Individual AC for each unit with electric cooling and central air
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