Four-Residence Income
12501 SE 89th Street Oklahoma City, OK 73150
12501 SE 89th Street, Oklahoma City, OK, 73150
$340,000
For Sale
$340,000
MULTI_FAMILY - Other - Oklahoma City, OK
Property Size3,658 SF
Lot Size6.00 Acres
Price / SF$92.95
Days on Market164
Property Features for 12501 SE 89th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 6
- Rooms
- Bathroom 3, Bedroom 9, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bathroom 2, Bathroom 4, Bathroom 5, Bedroom 3, Bedroom 7, Bathroom 6, Bedroom 4, Bedroom 8
- 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 Updated: Jul 19 at 1:45PM Checked: Jul 23 at 7:06AM
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 four-residence income property includes two manufactured homes and two single-family homes on approximately six acres. The property is offered for sale as a single package.
The address is 12501 SE 89th Street in Oklahoma City, Oklahoma (Oklahoma County). Public remarks note convenient access to nearby amenities.
With four separate residences in place, the property may fit investors seeking an income-focused configuration or households looking for multi-generational living under one ownership structure.
The address is 12501 SE 89th Street in Oklahoma City, Oklahoma (Oklahoma County). Public remarks note convenient access to nearby amenities.
With four separate residences in place, the property may fit investors seeking an income-focused configuration or households looking for multi-generational living under one ownership structure.
Key Highlights
- Approximately 6 acres with four residences: two manufactured homes and two single‑family homes
- Year built 1947 with frame and manufactured construction and vinyl siding
- Composition roof
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 | $59.3k | $16.20 |
| − Vacancy | −$3.1k | −$0.84 |
| EGI | $56.2k | $15.36 |
| − OpEx | −$25.3k | −$6.91 |
| NOI | $30.9k | $8.45 |
3,658 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four residences on approximately six acres, including two manufactured homes and two single-family homes, offered for sale.
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: Approximately 6 acres with four residences: two manufactured homes and two single‑family homes; Year built 1947 with frame and manufactured construction and vinyl siding; Composition roof
