Gated 50+ Duplex
11522 Cottage Ln Jones, OK
11522 Cottage Ln, Jones, OK, 00000
$2,800,000
For Sale
$2,800,000
Gated 14-unit multifamily community with 2 bed/2 bath duplex residences plus a community office and workshop.
Property Size15,408 SF
Lot Size5.00 Acres
Price / SF$181.72
Days on Market43
Property Features for 11522 Cottage Ln
General Information
- Standard status
- Active
- Size
- 15,408 SF
- Lot size
- 5.00 Acres
Listing agency
Whittington Realty
(405) 520-8080
Listed by
Deidre Beach · License #131864
(405) 520-8080
Source
Exprealty
Added: Jun 10 Updated: Jul 21 at 8:13AM Checked: Jul 22 at 10:33AM
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 Whittington Realty
Investment Insights
Based on property information with market context.
This for-sale multifamily property is a gated 50+ community featuring 7 duplex buildings and 14 residential rental units. Each unit is described as having approximately 2 bedrooms and 2 bathrooms, including a dedicated laundry room and laminate wood flooring. The residences are also described as having granite countertops and stainless-steel appliances.
In addition to the housing units, the property includes a 1,200-square-foot community office building located just inside the gated entrance. The office is described as having a private office, a spacious open work area, a restroom, and climate-controlled storage. Adjacent to the office is a 36' x 50' workshop with 14-foot ceilings and a restroom.
The community is situated on approximately 5 acres and is described as well-maintained, with mature trees and attractive grounds. The remarks indicate convenient access to I-35 and the Oklahoma City metro/Jones area.
In addition to the housing units, the property includes a 1,200-square-foot community office building located just inside the gated entrance. The office is described as having a private office, a spacious open work area, a restroom, and climate-controlled storage. Adjacent to the office is a 36' x 50' workshop with 14-foot ceilings and a restroom.
The community is situated on approximately 5 acres and is described as well-maintained, with mature trees and attractive grounds. The remarks indicate convenient access to I-35 and the Oklahoma City metro/Jones area.
Key Highlights
- 14‑unit gated 50+ multifamily community on approx. 5 acres with mature trees and attractive grounds
- All units are 2 bed / 2 bath duplex residences with dedicated laundry rooms and approx. 1,080 SF living space per unit
- Unit finishes include laminate wood flooring, granite countertops, and stainless‑steel appliances
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 | $197.8k | $12.84 |
| − Vacancy | −$19.6k | −$1.27 |
| EGI | $178.3k | $11.57 |
| − OpEx | −$80.2k | −$5.21 |
| NOI | $98.0k | $6.36 |
15,408 SF · lease $12.84/SF/yr · vacancy 9.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.23M – $1.63M
NOI $98,039 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.21M
$2.81M – $3.74M
NOI $224,644 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Gated 14-unit multifamily community with 2 bed/2 bath duplex residences plus a community office and workshop.
Where is this apartment building located?
The property is located at 11522 Cottage Ln Jones, OK.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 14‑unit gated 50+ multifamily community on approx. 5 acres with mature trees and attractive grounds; All units are 2 bed / 2 bath duplex residences with dedicated laundry rooms and approx. 1,080 SF living space per unit; Unit finishes include laminate wood flooring, granite countertops, and stainless‑steel appliances
