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Watonga Multifamily Investment Opportunity
For Sale
$155,000

114 N Leach, Watonga, OK 73772

MULTI_FAMILY - Watonga, OK

Property SizeContact for details
Lot Size0.16 Acres
Days on Market853

Property Features for 114 N Leach

General Information

Property type Residential Multi Family
Property subtype Duplex
Appliances Refrigerator, Oven/Range
Subdivision Watonga
Standard status Active
Lot size 0.16 Acres

Taxes and HOA fees

Tax Annual Amount 729

Utilities

Cooling system Window Unit(s)

Building Details

Year built 1965
Number of units 4
Roof type Composition
Listing Agency: Stewart Real Estate LLC
Listed By: Andrea Lauminick · License #158816
Added: Apr 29, 2024 Changed: Jul 18 Last Checked: Aug 29 at 6:06AM
MLS# 20240622

Copyright © 2026 Northwest Oklahoma Association 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.

Investment Insights

Based on property information with market context.

This multifamily property in Watonga, Oklahoma, consists of four units. All units are duplexes with a one-bedroom, one-bathroom layout, and are equipped with a stove and refrigerator. Units 114 and 116 N Leach share the same floor plan, as do units 118 and 120 N Leach. Units 114 and 116 N Leach both have a carport and share a water line. Unit 114 N Leach is equipped with a central gas furnace and a window unit, while unit 116 N Leach has a mini-split system installed in 2022 and a vent-less gas wall heater. Units 118 and 120 N Leach share a gas line and have window units that provide both heating and cooling. Tenants are responsible for their own utilities; each unit has a meter, except for the gas line shared by 118 and 120 N Leach, where the owner pays the gas bill. The foundation is constructed of concrete block. The exterior of the duplexes was painted in 2023. The approximate combined monthly rent is $1575. The property is situated on a lot of approximately 0.16 acres.

Key Highlights

  • Potential rental income of approximately $1575 per month.
  • Tenants responsible for their own utilities (except gas at 118 & 120 N Leach).
  • Exterior painted in 2023.

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Parking Lot & Garage Hair Salon Nail Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

380
Businesses Nearby

Demographics for 73772, OK

3,574
Population
1,586
Households
2.3
Avg Household Size
40
Median Age
12%
College-Educated
83%
High-School Grad
240.9 sq mi
ZIP Area
15
Density / Sq Mi
$55,125
Median Household Income
$29,853
Median Earnings
$821
Median Rent
$138,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit multifamily property in Watonga, Oklahoma with rental income.
Where is this quadplex located?
The property is located at 114 N Leach Watonga, OK.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Potential rental income of approximately $1575 per month.; Tenants responsible for their own utilities (except gas at 118 & 120 N Leach).; Exterior painted in 2023.
More about this property
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