Four-Unit Quadplex with Flexible
For Sale
$519,900
111 SW 26th Street, Oklahoma City, OK 73109
Historic Capitol Hill quadplex with varied unit configurations, updated interior finishes, and shared laundry utility areas.
Property Size5,522 SF
Days on Market55
Property Features for 111 SW 26th Street
General Information
Standard status
Active
Size
5,522 SF
Property subtype
Fourplex
Taxes and HOA fees
Annual Taxes
$4,229
Building Details
Building Size
5,522 SF
Year Built
1940
Buildings
1
Tenancy
Multi
Listing Agency:
Real Estate Connections GK LLC
(405) 819-8214
Listed By:
Sherrie Madison
Source:
Stetsonbentley
Added: Jun 16
Changed: Aug 2
Last Checked: Aug 8 at 8:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate Connections GK LLC
Investment Insights
Based on property information with market context.
Built in 1940, this Capitol Hill quadplex contains four distinct residential units with a mix of two-bedroom and efficiency layouts. The upper west residence includes two bedrooms, one full bath, one half bath, two living areas, refinished hardwood flooring, granite kitchen counters, newer appliances, and laundry hookups. The upper east unit offers two bedrooms, one bath, two living areas, refinished hardwood flooring, kitchen laundry hookups, and a newer refrigerator.
Both lower residences use open-plan efficiency layouts that combine living, sleeping, dining, and kitchen areas. One includes epoxy flooring, while the other has an integrated bath. Shared bonus space between the lower units provides additional laundry hookups. The property is located at 111 SW 26th Street in Oklahoma City’s historic Capitol Hill area, just south of Scissortail Park.
Both lower residences use open-plan efficiency layouts that combine living, sleeping, dining, and kitchen areas. One includes epoxy flooring, while the other has an integrated bath. Shared bonus space between the lower units provides additional laundry hookups. The property is located at 111 SW 26th Street in Oklahoma City’s historic Capitol Hill area, just south of Scissortail Park.
Key Highlights
- Four‑unit quadplex built in 1940
- Unit mix includes two two‑bedroom residences and two efficiency units
- Upper west unit has 2 bedrooms, 1 full bath, and 1 half bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,643
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$932,860
$932.9K
Cap Rate 7%
$666,329
$666.3K
Cap Rate 9%
$518,256
$518.3K
Market Conditions
NOI Build-Up for 5,522 SF
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.
Gross rent
$89.5K $16.20/SF
− Vacancy
−$4.7K −$0.84/SF
EGI
$84.8K $15.36/SF
− OpEx
−$38.2K −$6.91/SF
NOI
$46.6K $8.45/SF
Area
Oklahoma City, OK
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$932,860
Cap Rate 7%
$666,329
Cap Rate 9%
$518,256
Alternative Uses
Best Use
Multifamily LT 5
$720.1K
$630.1K – $840.2K
NOI $50,409 @ 7.0% cap · market cap 9.70%
Second Best
Apartment 5plus
$666.3K
$583.0K – $777.4K
NOI $46,643 @ 7.0% cap · market cap 8.97%
Theoretical Best
Specialty Retail
$1.89M
$1.65M – $2.20M
NOI $132,197 @ 7.0% cap · market cap 25.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
Explore this area
Business Placement
Demographics for 73109, OK
20,148
Population
8,344
Households
2.4
Avg Household Size
33
Median Age
7%
College-Educated
65%
High-School Grad
5.4 sq mi
ZIP Area
3,731
Density / Sq Mi
$40,944
Median Household Income
$28,370
Median Earnings
$851
Median Rent
$89,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Historic Capitol Hill quadplex with varied unit configurations, updated interior finishes, and shared laundry utility areas.
Where is this quadplex located?
The property is located at 111 SW 26th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Four‑unit quadplex built in 1940; Unit mix includes two two‑bedroom residences and two efficiency units; Upper west unit has 2 bedrooms, 1 full bath, and 1 half bath
