Quadplex with Manufactured and Single-Family
For Sale
$340,000
12501 SE 89th Street, Oklahoma City, OK 73150
MULTI_FAMILY - Other - Oklahoma City, OK
Property Size3,658 SF
Lot Size6.00 Acres
Price / SF$92.95
Days on Market182
Property Features for 12501 SE 89th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 9, Bedroom 7, Bedroom 8, Bedroom 6, Bedroom 4, Bedroom 1, Bathroom 5, Bathroom 3, Bedroom 5, Bedroom 3, Bathroom 4, Bathroom 6, Bathroom 1, Bedroom 2, Bathroom 2
Lot features
Interior Lot, Wooded
Elementary school
Schwartz ES
Middle school
Carl Albert MS
High school
Carl Albert HS
Elementary school district
Midwest City/Del City
Middle school district
Midwest City/Del City
High school district
Midwest City/Del City
Directions
From I-40, take Anderson Rd south, turn east on SE 89th St, property is on the north side of the road.
Standard status
Active
APN
12501SE89th73150
Size
3,658 SF
Lot size
6.00 Acres
Building Details
Year built
1947
Building materials
Frame, Manufactured, Vinyl Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Copper Creek Real Estate
(405) 888-9902
Listed By:
Gabby Bohannan
(405) 628-4059
Added: Feb 9
Changed: Aug 5
Last Checked: Aug 10 at 5:06AM
MLS# 1213365
Copyright © 2026 MLSOK, Inc. 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 quadplex offers four residences across an approximately 6-acre lot, including two manufactured homes and two single-family homes. The property includes a mix of home types that can support a variety of living and ownership scenarios, with each residence functioning as a separate unit within the overall property.
Built in 1947, the structures feature frame construction with manufactured elements and vinyl siding, topped with composition roofing. The overall configuration is suited to owners evaluating a multi-residence setup for investment or multi-generational occupancy.
The property is presented with four separate residences on one site, providing one cohesive ownership footprint while maintaining the advantage of multiple home units within a single quadplex asset.
Built in 1947, the structures feature frame construction with manufactured elements and vinyl siding, topped with composition roofing. The overall configuration is suited to owners evaluating a multi-residence setup for investment or multi-generational occupancy.
The property is presented with four separate residences on one site, providing one cohesive ownership footprint while maintaining the advantage of multiple home units within a single quadplex asset.
Key Highlights
- Quadplex with four residences: two manufactured homes and two single‑family homes
- Approximately 6 acres total lot size
- Built in 1947
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
$30,898
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
9.09%
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%
$617,960
$618.0K
Cap Rate 7%
$441,400
$441.4K
Cap Rate 9%
$343,311
$343.3K
Market Conditions
NOI Build-Up for 3,658 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
$59.3K $16.20/SF
− Vacancy
−$3.1K −$0.84/SF
EGI
$56.2K $15.36/SF
− OpEx
−$25.3K −$6.91/SF
NOI
$30.9K $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%
$617,960
Cap Rate 7%
$441,400
Cap Rate 9%
$343,311
Alternative Uses
Best Use
Multifamily LT 5
$477.0K
$417.4K – $556.6K
NOI $33,393 @ 7.0% cap · market cap 9.82%
Second Best
Apartment 5plus
$441.4K
$386.2K – $515.0K
NOI $30,898 @ 7.0% cap · market cap 9.09%
Theoretical Best
Specialty Retail
$1.25M
$1.09M – $1.46M
NOI $87,573 @ 7.0% cap · market cap 25.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 73150, OK
5,166
Population
2,168
Households
2.4
Avg Household Size
46
Median Age
35%
College-Educated
95%
High-School Grad
18.7 sq mi
ZIP Area
276
Density / Sq Mi
$89,562
Median Household Income
$57,917
Median Earnings
$859
Median Rent
$287,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-residence quadplex on 6 acres with two manufactured homes and two single-family homes, built in 1947.
Where is this quadplex located?
The property is located at 12501 SE 89th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Quadplex with four residences: two manufactured homes and two single‑family homes; Approximately 6 acres total lot size; Built in 1947
