Quadplex With Attached
For Sale
$469,900
2910 Stonepoint Dr, Edmond, OK 73034
Residential Income, Edmond, OK
Property Size4,476 SF
Lot Size0.06 Acres
Price / SF$104.98
Days on Market118
Property Features for 2910 Stonepoint Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 8, Bathroom 1, Bathroom 7, Bedroom 4, Bathroom 8, Bedroom 7, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6, Bathroom 6, Bathroom 5
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
Electric
Amenities
wood-burning fireplace
private front entrance
back patio
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) 819-1268
Added: Jun 1
Changed: Sep 12
Last Checked: Sep 26 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.
Built in 1983, this 4,476-square-foot frame quadplex contains four residential units with private front entries, rear patios, wood-burning fireplaces, and attached two-car garages. Each unit includes an upstairs loft that can support additional living, office, or sleeping space. Unit 2910 is vacant and has approximately 1,175 square feet, newer flooring from 2021, and availability for showings. New windows and HVAC systems were installed throughout the property in 2021. The building also has composition roofing, natural-gas heating, and electric cooling.
Located in Edmond, Oklahoma, the property is situated on Stonepoint Drive within an established residential setting. All tenants are currently on month-to-month arrangements, and unit 2914 has a hot water tank that is one year old.
Located in Edmond, Oklahoma, the property is situated on Stonepoint Drive within an established residential setting. All tenants are currently on month-to-month arrangements, and unit 2914 has a hot water tank that is one year old.
Key Highlights
- Four‑unit quadplex with 4,476 square feet, built in 1983
- Each unit includes an attached 2‑car garage, private front entrance, and back patio
- New windows and HVAC units installed in 2021
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
6.06%
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 6.06%
Second Best
Multifamily LT 5
$388.5K
$340.0K – $453.3K
NOI $27,196 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$932.3K
$815.7K – $1.09M
NOI $65,259 @ 7.0% cap · market cap 13.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature private entries, patios, fireplaces, and flexible loft areas.
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 $469,900.
What are key features of this property?
This property features: Four‑unit quadplex with 4,476 square feet, built in 1983; Each unit includes an attached 2‑car garage, private front entrance, and back patio; New windows and HVAC units installed in 2021
