Four-Unit Quadplex with Updated
2257 Donna Drive Norman, OK 73071
For Sale
$415,000
Pending
MULTI_FAMILY - Other - Norman, OK
Property Size3,524 SF
Lot Size0.34 Acres
Days on Market48
Property Features for 2257 Donna Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Rooms
Bedroom 4, Bedroom 8, Bedroom 1, Bathroom 4, Bedroom 7, Bedroom 6, Bathroom 3, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2
Fireplace
1
Standard status
Pending
APN
2257NONEDonna225973071
Size
3,524 SF
Lot size
0.34 Acres
Building Details
Year built
1977
Floors in Building
1
Building materials
Brick & Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Whittington Realty
(405) 703-4100
Listed By:
Kristy Beissel · License #201955
(405) 531-2671
Added: Jun 11
Changed: Jul 18
Last Checked: Jul 28 at 3:06PM
MLS# 1233727
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 features four separate residential units, with each unit offering two bedrooms and one bathroom. The property has undergone multiple upgrades, including HVAC updates, appliance upgrades, new windows, and cosmetic improvements such as new flooring and paint. A new roof was installed in 2023, supporting a more durable exterior and reduced near-term capital needs. The seller also notes that there are currently no leases in place, giving a new owner full flexibility to set future rental terms.
The property is located at 2257 Donna Drive in Norman, Oklahoma, within minutes of campus and described as ideally positioned within walking distance to shopping and restaurants. The lot size is listed at 0.34 acres.
For buyers and operators seeking a small, multi-unit portfolio, this layout can appeal to tenants looking for roommate-friendly configurations or small households. With a consistent unit mix across all four homes and meaningful renovations already completed, the property may fit well for owners who want straightforward leasing and a uniform floor plan across the asset. All showings are by appointment.
The property is located at 2257 Donna Drive in Norman, Oklahoma, within minutes of campus and described as ideally positioned within walking distance to shopping and restaurants. The lot size is listed at 0.34 acres.
For buyers and operators seeking a small, multi-unit portfolio, this layout can appeal to tenants looking for roommate-friendly configurations or small households. With a consistent unit mix across all four homes and meaningful renovations already completed, the property may fit well for owners who want straightforward leasing and a uniform floor plan across the asset. All showings are by appointment.
Key Highlights
- 4‑unit property built in 1977 with each unit offering 2 bedrooms and 1 bathroom
- NEW roof installed in 2023
- HVAC updates plus appliance upgrades
Financial Insights For Multifamily LT 5
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 | $48.6k | $13.80 |
| − Vacancy | −$3.0k | −$0.85 |
| EGI | $45.6k | $12.95 |
| − OpEx | −$13.7k | −$3.88 |
| NOI | $31.9k | $9.06 |
3,524 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$456.3K
$399.3K – $532.4K
NOI $31,941 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$419.4K
$367.0K – $489.3K
NOI $29,358 @ 7.0% cap · market cap 7.07%
Theoretical Best
Specialty Retail
$608.9K
$532.8K – $710.4K
NOI $42,626 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained four-unit quadplex with modernized interiors and a roof installed in 2023.
Where is this quadplex located?
The property is located at 2257 Donna Drive Norman, OK.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 4‑unit property built in 1977 with each unit offering 2 bedrooms and 1 bathroom; NEW roof installed in 2023; HVAC updates plus appliance upgrades
