Four-Unit Quadplex with
For Sale
$499,900
2910 Stonepoint Dr #2910, Edmond, OK 73034
Four residential units offer two-bedroom, two-bath layouts with private patios and flexible loft space.
Property Size4,476 SF
Days on Market82
Property Features for 2910 Stonepoint Dr #2910
General Information
Standard status
Active
Size
4,476 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$4,940
Building Details
Building Size
4,476 SF
Year Built
1983
Buildings
1
Stories
2
Units
4
Listing Agency:
Metro Brokers of OK Elite
(405) 320-6033
Listed By:
Sarah Hites · License #156649
(405) 320-6033
Source:
Jarmanrealtyok
Added: Jun 1
Changed: Aug 17
Last Checked: Aug 20 at 2:33PM
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 Metro Brokers of OK Elite
Investment Insights
Based on property information with market context.
Built in 1983, this quadplex contains four residential units, each configured with two bedrooms and two full bathrooms. The units also include upstairs loft areas, wood-burning fireplaces, private front entries, and rear patios. Attached two-car garages accompany each unit, providing dedicated parking and storage.
Unit 2910 is vacant and available for showings. That unit measures approximately 1,175 square feet and has flooring installed in 2021. Property-wide updates include windows and HVAC systems replaced in 2021. Unit 2914 has a hot water tank that is 1 year old. All tenants are on month-to-month arrangements. The property is located at 2910 Stonepoint Dr in Edmond, Oklahoma, within an established neighborhood with mature trees.
Unit 2910 is vacant and available for showings. That unit measures approximately 1,175 square feet and has flooring installed in 2021. Property-wide updates include windows and HVAC systems replaced in 2021. Unit 2914 has a hot water tank that is 1 year old. All tenants are on month-to-month arrangements. The property is located at 2910 Stonepoint Dr in Edmond, Oklahoma, within an established neighborhood with mature trees.
Key Highlights
- Four‑unit quadplex with 2 bedrooms and 2 full bathrooms per unit
- Attached 2‑car garage included with each unit
- Approximately 1,175 square feet in Unit 2910 with an upstairs loft
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
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
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 - Four residential units offer two-bedroom, two-bath layouts with private patios and flexible loft space.
Where is this quadplex located?
The property is located at 2910 Stonepoint Dr #2910 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: Four‑unit quadplex with 2 bedrooms and 2 full bathrooms per unit; Attached 2‑car garage included with each unit; Approximately 1,175 square feet in Unit 2910 with an upstairs loft
