Student Housing
For Sale
$990,000
1728 S 8th St, Chickasha, OK 73018
Built in 2022 with generous living rooms, kitchens, appliances, and large bedrooms.
Property Size7,208 SF
Price / SF$137.35
Days on Market96
Property Features for 1728 S 8th St
General Information
Standard status
Active
Size
7,208 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
2022
Listing Agency:
SERV. Realty
(918) 629-3153
Listed By:
Krista Flowers · License #206617
Source:
Alloverok
Added: May 27
Changed: Aug 29
Last Checked: Aug 25 at 3:55AM
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 SERV. Realty
Investment Insights
Based on property information with market context.
This 7,208-square-foot quadplex contains four units and 16 bedrooms, providing a substantial residential configuration for student housing. Completed in 2022, the property includes spacious living rooms, full kitchens, new appliances, and generously sized bedrooms.
The property is located at 1728 S 8th Street in Chickasha, Oklahoma, near the University of Science and Arts. Campus housing capacity is listed at 537 beds, while projected enrollment exceeds 1,000 students. The property has maintained 100% occupancy since completion in August 2022, according to the provided information.
The property is located at 1728 S 8th Street in Chickasha, Oklahoma, near the University of Science and Arts. Campus housing capacity is listed at 537 beds, while projected enrollment exceeds 1,000 students. The property has maintained 100% occupancy since completion in August 2022, according to the provided information.
Key Highlights
- Four‑unit quadplex with 16 bedrooms
- 7,208 square feet completed in 2022
- Spacious living rooms and full kitchens
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
$67,368
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
6.80%
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%
$1,347,360
$1.3M
Cap Rate 7%
$962,400
$962.4K
Cap Rate 9%
$748,533
$748.5K
Market Conditions
NOI Build-Up for 7,208 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
$102.9K $14.28/SF
− Vacancy
−$6.7K −$0.93/SF
EGI
$96.2K $13.35/SF
− OpEx
−$28.9K −$4.01/SF
NOI
$67.4K $9.35/SF
Area
Grady County, OK
Vacancy
6.50%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
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%
$1,347,360
Cap Rate 7%
$962,400
Cap Rate 9%
$748,533
Alternative Uses
Best Use
Multifamily LT 5
$962.4K
$842.1K – $1.12M
NOI $67,368 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$890.6K
$779.2K – $1.04M
NOI $62,339 @ 7.0% cap · market cap 6.30%
Theoretical Best
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,959 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Explore this area
Business Placement
Demographics for 73018, OK
19,806
Population
9,509
Households
2.1
Avg Household Size
38
Median Age
20%
College-Educated
89%
High-School Grad
155.1 sq mi
ZIP Area
128
Density / Sq Mi
$58,340
Median Household Income
$32,414
Median Earnings
$877
Median Rent
$126,600
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 - Built in 2022 with generous living rooms, kitchens, appliances, and large bedrooms.
Where is this quadplex located?
The property is located at 1728 S 8th St Chickasha, OK.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Four‑unit quadplex with 16 bedrooms; 7,208 square feet completed in 2022; Spacious living rooms and full kitchens
