Quadplex with Three-Car
For Sale
$395,000
420 SW Stanley, Ardmore, OK 73401
The property contains six bedrooms and dates to 1932.
Property Size4,079 SF
Price / SF$96.84
Days on Market102
Property Features for 420 SW Stanley
General Information
Standard status
Active
Size
4,079 SF
Total Parking Spaces
3
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Building Details
Year Built
1932
Buildings
1
Listing Agency:
Oklahoma Land & Realty, LLC
(580) 657-8000
Listed By:
Nacona Presgrove · License #211688
(580) 504-2166
Source:
Spiritrealtygroup
Added: Jul 24
Changed: Nov 1
Last Checked: Nov 1 at 3:33PM
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 Oklahoma Land & Realty, LLC
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Investment Insights
Based on property information with market context.
This four-unit residential property was built in 1932 and includes six bedrooms. A three-car garage is part of the property, providing additional enclosed space for vehicles or storage.
Key Highlights
- Four‑unit residential property
- Six bedrooms
- Built in 1932
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,706
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,120
$634.1K
Cap Rate 7%
$452,943
$452.9K
Cap Rate 9%
$352,289
$352.3K
Market Conditions
NOI Build-Up for 4,079 SF
Gross rent
$50.4K $12.36/SF
− Vacancy
−$5.1K −$1.26/SF
EGI
$45.3K $11.10/SF
− OpEx
−$13.6K −$3.33/SF
NOI
$31.7K $7.77/SF
Area
Carter County, OK
Vacancy
10.16%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,120
Cap Rate 7%
$452,943
Cap Rate 9%
$352,289
Alternative Uses
Best Use
Multifamily LT 5
$452.9K
$396.3K – $528.4K
NOI $31,706 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$415.6K
$363.6K – $484.8K
NOI $29,089 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$1.05M
$915.3K – $1.22M
NOI $73,226 @ 7.0% cap · market cap 18.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,313
Businesses Nearby
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Business Placement
Demographics for 73401, OK
36,744
Population
16,349
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
88%
High-School Grad
351.5 sq mi
ZIP Area
105
Density / Sq Mi
$60,288
Median Household Income
$39,005
Median Earnings
$960
Median Rent
$174,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The property contains six bedrooms and dates to 1932.
Where is this quadplex located?
The property is located at 420 SW Stanley Ardmore, OK.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Four‑unit residential property; Six bedrooms; Built in 1932
