Mixed-Use Quadplex with Ground
For Sale
Contact for pricing
116 S 2nd St, Guthrie, OK 73044
Historic mixed-use property built in 1890, renovated in 2001, with four apartments and ground-floor retail space.
Property Size6,500 SF
Price / SF$100
Days on Market740
Property Features for 116 S 2nd St
General Information
Standard status
Active
Size
6,500 SF
Property subtype
MULTIFAMILY
Occupancy
80%
Additional Details
Road Access
Yes
Multifamily Units
4
Building Details
Year Built
1890
Year Renovated
2001
Stories
2
Tenancy
Multi
Listing Agency:
Price Edwards and Company - Oklahoma City
(405) 902-8181
Listed By:
Rosha Wood · License #160338
(405) 902-8181
Source:
Moodyscre
Added: Jul 24, 2024
Changed: Jul 20
Last Checked: Jul 20 at 5:04PM
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.
This mixed-use quadplex combines four apartments with a ground-floor commercial space, creating versatile income-producing and occupancy options. The building includes two separate stores within approximately 6,500 square feet, along with four residential units. Built in 1890 and renovated in 2001, the property is presented with preserved historic architectural character and modern updates.
Located in downtown Guthrie, the asset offers high visibility and direct street-to-door parking. Off-street parking is available for both tenants and visitors, supporting easy access for everyday use.
Stabilized occupancy is reflected by approximately 80% current occupancy, with one apartment unit vacant. The bottom-floor commercial space has recently become available, adding leasing flexibility alongside the existing residential units.
Located in downtown Guthrie, the asset offers high visibility and direct street-to-door parking. Off-street parking is available for both tenants and visitors, supporting easy access for everyday use.
Stabilized occupancy is reflected by approximately 80% current occupancy, with one apartment unit vacant. The bottom-floor commercial space has recently become available, adding leasing flexibility alongside the existing residential units.
Key Highlights
- Built in 1890 and renovated in 2001, combining historic Guthrie architecture with modern updates
- Approximately 6,500 SF mixed‑use building with two store spaces plus four apartments
- Four apartments plus ground‑floor commercial space that has just become available
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
Retail
$926.2K
$810.5K – $1.08M
NOI $64,837 @ 7.0% cap · market cap 9.97%
Second Best
Multifamily LT 5
$867.9K
$759.4K – $1.01M
NOI $60,751 @ 7.0% cap · market cap 9.35%
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
Current Use
Lease Details
4
Residential units
80%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
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?
Quadplex - Historic mixed-use property built in 1890, renovated in 2001, with four apartments and ground-floor retail space.
Where is this quadplex 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: Built in 1890 and renovated in 2001, combining historic Guthrie architecture with modern updates; Approximately 6,500 SF mixed‑use building with two store spaces plus four apartments; Four apartments plus ground‑floor commercial space that has just become available
