Four-Plex with Attached Two-Car
For Sale
$499,900
2910 Stonepoint Dr, Edmond, OK 73034
MULTI_FAMILY - Other - Edmond, OK
Property Size4,476 SF
Lot Size0.06 Acres
Price / SF$111.68
Days on Market70
Property Features for 2910 Stonepoint Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 7, Bedroom 7, Bathroom 4, Bathroom 5, Bedroom 6, Bedroom 1, Bathroom 6, Bathroom 3, Bathroom 8, Bedroom 2, Bathroom 2, Bedroom 8, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 4
Fireplace
1
Lot features
Interior Lot
Elementary school
Will Rogers ES
Middle school
Central MS
High school
Memorial HS
Elementary school district
Edmond
Middle school district
Edmond
High school district
Edmond
Directions
Will GPS! Exit SE 15th from I-35, to S Coltrane to Stonepoint. Property starts on corner of Stonepoint and Coltrane.
Standard status
Active
APN
2910NONEStonepointDr291073034
Size
4,476 SF
Lot size
0.06 Acres
Taxes and HOA fees
HOA Fee
$1,000 Annually
Utilities
Heating system
Natural Gas
Cooling system
Central Air, Electric
Building Details
Year built
1983
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Metro Brokers of OK Elite
(405) 320-6033
Listed By:
Sarah Hites · License #156649
(405) 320-6033
Added: Jun 1
Changed: Aug 1
Last Checked: Aug 9 at 3:06AM
MLS# 1231709
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.
Four-plex on a small lot in established neighborhood surroundings, built in 1983 with frame construction and a composition roof. The property totals 4,476 SF and includes natural gas heating with central air and electric cooling. Each unit has 2 bedrooms and 2 full bathrooms, with a private front entrance and a back patio, plus a wood-burning fireplace in all units. Unit 2910 is currently vacant and available for showings anytime. That unit also features newer flooring from 2021 and an upstairs loft that can be used as an additional bedroom, office, or flexible living space. Each unit includes an attached 2-car garage.
Updates noted across the property include new windows (2021) and new HVAC units (2021). Unit 2914 also has an approximately 1-year-old hot water tank. A termite inspection was completed June 26th 2026 with no activity or damage reported, and a report can be provided. All tenants are on month-to-month terms. The address is 2910 Stonepoint Dr, Edmond, OK 73034.
Updates noted across the property include new windows (2021) and new HVAC units (2021). Unit 2914 also has an approximately 1-year-old hot water tank. A termite inspection was completed June 26th 2026 with no activity or damage reported, and a report can be provided. All tenants are on month-to-month terms. The address is 2910 Stonepoint Dr, Edmond, OK 73034.
Key Highlights
- Unit 2910 is currently vacant and available for showings anytime
- Each unit offers 2 bedrooms and 2 full bathrooms with private front entrances and back patios
- Attached 2‑car garages included with every unit
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
$28,480
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
5.70%
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%
$569,600
$569.6K
Cap Rate 7%
$406,857
$406.9K
Cap Rate 9%
$316,444
$316.4K
Market Conditions
NOI Build-Up for 4,476 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
$57.5K $12.84/SF
− Vacancy
−$5.7K −$1.27/SF
EGI
$51.8K $11.57/SF
− OpEx
−$23.3K −$5.21/SF
NOI
$28.5K $6.36/SF
Area
Oklahoma County, OK
Vacancy
9.90%
Lease Rate
$12.84 /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%
$569,600
Cap Rate 7%
$406,857
Cap Rate 9%
$316,444
Alternative Uses
Best Use
Apartment 5plus
$406.9K
$356.0K – $474.7K
NOI $28,480 @ 7.0% cap · market cap 5.70%
Second Best
Multifamily LT 5
$388.5K
$340.0K – $453.3K
NOI $27,196 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$932.3K
$815.7K – $1.09M
NOI $65,259 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 73034, OK
47,553
Population
18,727
Households
2.5
Avg Household Size
37
Median Age
59%
College-Educated
96%
High-School Grad
51.7 sq mi
ZIP Area
920
Density / Sq Mi
$113,296
Median Household Income
$52,163
Median Earnings
$1,203
Median Rent
$368,000
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 - Four-plex with private entrances, patios, and attached two-car garages; each unit offers 2 bedrooms and 2 full baths.
Where is this quadplex located?
The property is located at 2910 Stonepoint Dr Edmond, OK.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Unit 2910 is currently vacant and available for showings anytime; Each unit offers 2 bedrooms and 2 full bathrooms with private front entrances and back patios; Attached 2‑car garages included with every unit
