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Remodeled 4-Unit Quadplex
For Sale
$215,000

506 N 5th, Sayre, OK 73662

Updated apartment property with fully occupied units and refreshed building systems.

Property Size2,016 SF
Price / SF$106.65
Days on Market10

Property Features for 506 N 5th

General Information

Standard status Active
Size 2,016 SF
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 4 x 1BR/1BA
Multifamily Units 4

Building Details

Year Built 1950
Buildings 1
Listing Agency: eXp Realty, LLC
Listed By: Char Silk
Source: Alloverok
Added: Aug 20 Changed: Aug 28 Last Checked: Aug 28 at 12:37PM

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 eXp Realty, LLC

Investment Insights

Based on property information with market context.

This quadplex contains four one-bedroom, one-bath apartments within a 2,016-square-foot property built in 1950. Recent improvements include new flooring, interior and exterior paint, replacement windows, new hot water heaters, and additional updates throughout the building. Each unit is currently rented.

The property is located in Sayre, Oklahoma, within walking distance of a grocery store and downtown. Its four-unit configuration, completed remodeling work, and current occupancy provide a straightforward residential income property profile.

Key Highlights

  • Four one‑bedroom, one‑bath apartments
  • 2,016 square feet across the property
  • All four units are currently rented

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Auto Parts Store Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

209
Businesses Nearby

Demographics for 73662, OK

6,385
Population
2,014
Households
3.2
Avg Household Size
39
Median Age
5%
College-Educated
75%
High-School Grad
335.2 sq mi
ZIP Area
19
Density / Sq Mi
$54,667
Median Household Income
$33,836
Median Earnings
$772
Median Rent
$113,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Updated apartment property with fully occupied units and refreshed building systems.
Where is this quadplex located?
The property is located at 506 N 5th Sayre, OK.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bath apartments; 2,016 square feet across the property; All four units are currently rented
More about this property
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