Four-Unit Townhome
New
For Sale
$480,000
211 Antry Dr, Catoosa, OK 74015
Occupied residential income property with mixed unit sizes, outdoor living areas, and detached covered carport parking.
Property Size4,632 SF
Lot Size0.22 Acres
Price / SF$103.63
Days on Market2
Property Features for 211 Antry Dr
General Information
Standard status
Active
Size
4,632 SF
Lot size
0.22 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA, 2 x 3BR/2BA
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Amenities
wood deck or balcony
shared concrete access
mature trees
professional landscaping
sidewalks and gutters
Building Details
Year Built
1986
Construction
wood-frame
Listing Agency:
Coldwell Banker Select
Listed By:
David Roberts
(918) 695-6979
Source:
Cheathamrealty
Added: Sep 12
Last Checked: Sep 12 at 2:38PM
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 Coldwell Banker Select
Investment Insights
Based on property information with market context.
This occupied four-unit residential property includes two one-bedroom, one-bath townhomes and two three-bedroom, two-bath townhomes, totaling approximately 4,632 square feet. Each residence has a living area, kitchen, wood deck or balcony, and access to detached covered carport parking. Built in 1986, the buildings feature slab foundations, wood-frame construction, partial brick and wood exteriors, composition roofs, and central heat and air. City water and sewer serve the property.
The townhomes are located at 211, 213, 215, and 217 Antry Dr. in Catoosa, within the Spunky Ridge Addition and Catoosa School District. The property spans multiple parcels totaling approximately 0.22 acre and includes shared concrete access, sidewalks, gutters, mature trees, and professional landscaping. A one-acre common area is allocated equally among six buildings, with each owner responsible for one-sixth of related costs.
The townhomes are located at 211, 213, 215, and 217 Antry Dr. in Catoosa, within the Spunky Ridge Addition and Catoosa School District. The property spans multiple parcels totaling approximately 0.22 acre and includes shared concrete access, sidewalks, gutters, mature trees, and professional landscaping. A one-acre common area is allocated equally among six buildings, with each owner responsible for one-sixth of related costs.
Key Highlights
- Four occupied townhomes totaling approximately 4,632 square feet
- Unit mix includes two 1‑bedroom, 1‑bath and two 3‑bedroom, 2‑bath residences
- Each unit includes a living area, kitchen, wood deck or balcony, and detached covered carport parking
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
$30,878
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
6.43%
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%
$617,560
$617.6K
Cap Rate 7%
$441,114
$441.1K
Cap Rate 9%
$343,089
$343.1K
Market Conditions
NOI Build-Up for 4,632 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
$63.4K $13.68/SF
− Vacancy
−$7.2K −$1.56/SF
EGI
$56.1K $12.12/SF
− OpEx
−$25.3K −$5.45/SF
NOI
$30.9K $6.67/SF
Area
Rogers County, OK
Vacancy
11.40%
Lease Rate
$13.68 /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%
$617,560
Cap Rate 7%
$441,114
Cap Rate 9%
$343,089
Alternative Uses
Best Use
Apartment 5plus
$441.1K
$386.0K – $514.6K
NOI $30,878 @ 7.0% cap · market cap 6.43%
Second Best
Multifamily LT 5
$371.7K
$325.3K – $433.7K
NOI $26,021 @ 7.0% cap · market cap 5.42%
Theoretical Best
Specialty Retail
$1.16M
$1.02M – $1.35M
NOI $81,208 @ 7.0% cap · market cap 16.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 74015, OK
8,270
Population
3,578
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
88%
High-School Grad
60.3 sq mi
ZIP Area
137
Density / Sq Mi
$72,688
Median Household Income
$44,256
Median Earnings
$1,052
Median Rent
$211,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Occupied residential income property with mixed unit sizes, outdoor living areas, and detached covered carport parking.
Where is this quadplex located?
The property is located at 211 Antry Dr Catoosa, OK.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Four occupied townhomes totaling approximately 4,632 square feet; Unit mix includes two 1‑bedroom, 1‑bath and two 3‑bedroom, 2‑bath residences; Each unit includes a living area, kitchen, wood deck or balcony, and detached covered carport parking
