598 2nd Street, Healdton, OK 73438
- Added:
- Feb 23, 2026
- Days on Market:
- 134
- Last Refresh:
- Jul 7 at 2:06 am
Property Features for 598 2nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2
- Patio and Porch features
- Porch
- Standard status
- Active
- Size
- 2,304 SF
- Lot size
- 0.41 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Surface Rights Only: See Legal Description Supplement.
- Tax Annual Amount
- 1728
Building Details
- Year built
- 1945
- Floors in Building
- 1
- Building materials
- Wood Frame
- Roof type
- Fiberglass
- Architectural style
- Bungalow
Listing agent Hannah Lewis License #181598 (580) 226-4200
Listing office Ardmore Realty, Inc 208 S Commerce St, Ardmore, OK (580) 226-4200
Listing date Feb 23, 2026
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 4‑rental unit package on a corner lot in Healdton; all four units are currently rented with year leases in place
- Monthly rental income: $2,550/month (2 one‑bed/one‑bath and 2 two‑bed/one‑bath units)
- Updates have been made in each unit
- Driveway was recently redone
- Wood frame bungalow with fiberglass roof and a porch; built in 1945
Overview
The property sits on a 0.41-acre corner lot at 598 2nd Street in Healdton, within Carter County, Oklahoma. The package format brings multiple unit types together in one ownership group, which can simplify management and occupancy oversight.
For buyers seeking a ready-to-operate residential income package, this structure provides in-place tenancy through year leases and a diversified unit mix between one-bedroom and two-bedroom layouts. The documentation referenced in the remarks includes a breakdown of improvements and current rental amounts, which can help diligence around the recently completed updates and ongoing rent roll. The property size is listed as 2,304 square feet for the package, and it presents a straightforward opportunity to add multiple leased doors to a portfolio.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.5k | $12.36 |
| − Vacancy | −$2.9k | −$1.26 |
| EGI | $25.6k | $11.10 |
| − OpEx | −$7.7k | −$3.33 |
| NOI | $17.9k | $7.77 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Healdton
- County
- Carter
- State
- Oklahoma
- Longitude
- -97.48223
- Latitude
- 34.231251
