Historic Guthrie 5-Plex Investment
116 S 2nd St Guthrie, Guthrie, OK 73044
Well-maintained 5-plex in Guthrie's historic district with stable income.
Type:Office
Property size:
6,500 SFPrice / SF:
$100/SF- Added:
- Sep 25, 2025
- Days on Market:
- 241
- Last Refresh:
- Apr 6 at 12:52 am
Property Features for 116 S 2nd St Guthrie
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Property subtype
- Office
Building Details
- Year Built
- 1890
Listing agent Rosha Wood License #160338 (405) 239-1219
Listing office Price Edwards and Company - Oklahoma City (405) 239-1219
Listing date Sep 25, 2025
Source Tcnworldwide
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 Price Edwards and Company - Oklahoma City
HighLights
- Prime location in the heart of Guthrie's historic district with high visibility and easy access.
- Stable income potential from a well‑maintained commercial 5‑plex.
- Versatile space with approximately 6,500 square feet across two stores.
- Combination of historic charm (built in 1890, renovated in 2001) and modern amenities.
- Convenient off‑street parking for tenants and visitors.
- Proximity to local shops, restaurants, and attractions.
Overview
Located in downtown Guthrie, Oklahoma, this commercial 5-plex presents an investment opportunity in the historic district. The property, built in 1890 and renovated in 2001, retains its historic charm while offering modern amenities. The building provides approximately 6,500 square feet of space. The unit configuration includes five apartments, with one located on the ground floor. Apartment A features 1 bed and 1 bath, Apartment B has 2 beds and 2 baths, and Apartment C offers 2 beds and 2 baths, while Apartment D includes 1 bed and 1 bath. Convenient off-street parking is available for tenants and visitors. The property is situated on the east side of S 2nd St between W Oklahoma Ave & W Harrison Ave, offering high visibility and easy access for tenants and customers alike with direct street to door parking. Its proximity to local shops, restaurants, and attractions enhances tenant appeal. The property offers stable income potential and the opportunity for rent increases in alignment with market trends. The well-maintained property requires minimal upkeep.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$624.6K
NOI $56,216 @ 9.00% cap · cautious / downside scenario
Moderate
$803.1K
NOI $56,216 @ 7.00% cap · market / base-case scenario
Aggressive
$1.12M
NOI $56,216 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.2k | $16.80 |
| − Vacancy | −$7.0k | −$1.08 |
| EGI | $102.2k | $15.72 |
| − OpEx | −$46.0k | −$7.08 |
| NOI | $56.2k | $8.65 |
6,500 SF · lease $16.80/SF/yr · vacancy 6.40% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$803.1K
$702.7K – $936.9K
NOI $56,216 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.57M
$1.37M – $1.83M
NOI $109,980 @ 7.0% cap · market cap 16.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Horizon Jiu-Jitsu
Gym & Fitness Center
Location Insight
- Map
- Local Demand
- City
- Guthrie
- County
- Logan
- State
- Oklahoma
- Longitude
- -97.4275
- Latitude
- 35.8778
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 5-plex in Guthrie's historic district with stable income.
Where is this apartment building located?
The property is located at 116 S 2nd St Guthrie Guthrie, OK.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime location in the heart of Guthrie's historic district with high visibility and easy access.; Stable income potential from a well‑maintained commercial 5‑plex.; Versatile space with approximately 6,500 square feet across two stores.
