Historic Guthrie 5-Plex Investment
For Sale
$650,000
116 S 2nd St, Guthrie, OK 73044
Well-maintained 5-plex in Guthrie's historic district with stable income.
Property Size6,500 SF
Price / SF$100
Days on Market312
Property Features for 116 S 2nd St
General Information
Standard status
Active
Size
6,500 SF
Property subtype
Office
Building Details
Year Built
1890
Listing Agency:
Price Edwards and Company - Oklahoma City
(405) 902-8181
Listed By:
Rosha Wood · License #160338
(405) 902-8181
Source:
Tcnworldwide
Added: Sep 25, 2025
Changed: Jul 6
Last Checked: Aug 1 at 4:53AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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 | $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 Uses
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
Explore this area
Business Placement
Demographics for 73044, OK
24,603
Population
10,050
Households
2.4
Avg Household Size
39
Median Age
24%
College-Educated
91%
High-School Grad
264.7 sq mi
ZIP Area
93
Density / Sq Mi
$71,442
Median Household Income
$39,284
Median Earnings
$890
Median Rent
$200,100
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?
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, 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.
