Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Healdton Investment Property For Sale Title is generated by Realmo AI

    598 2nd Street, Healdton, OK 73438

    View on Map
    Claim this Listing
    For Sale
    $215,000

    DUPLEX - Healdton, OK

    Property size:
    2,304 SF
    Lot size:
    0.41 Acres
    Price / SF:
    $93/SF
    Added:
    Feb 23, 2026
    Days on Market:
    82
    Last Refresh:
    May 16 at 6:06 pm

    Property Features for 598 2nd Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3
    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

    We can help!

    Listing Contact
    Hannah Lewis
    Hannah Lewis

    Listing agent Hannah Lewis License #181598

    Listing office Ardmore Realty, Inc 208 S Commerce St, Ardmore, OK

    Listing date Feb 23, 2026

    MLS# 2605399 Listing URL

    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

    • Income‑generating investment: Four rental units with existing leases in place.
    • Current monthly rental income: $2,600.
    • Mix of unit sizes: Two 1‑bed/1‑bath and two 2‑bed/1‑bath units.
    • Recent updates made to each unit.
    • Recently redone driveway.
    • Corner lot location in Healdton.

    Overview

    This investment package features four rental units situated on a corner lot in Healdton, Oklahoma. The property consists of two 1-bedroom, 1-bathroom units and two 2-bedroom, 1-bathroom units. All four units are currently rented under year-long leases, generating a total monthly income of $2,600. Updates have been implemented in each unit. The driveway has been recently redone. The property occupies a 0.41-acre lot and has a total area of 2,304 square feet.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $199.0K
    NOI $17,909 @ 9.00% cap · cautious / downside scenario
    Moderate
    $255.8K
    NOI $17,909 @ 7.00% cap · market / base-case scenario
    Aggressive
    $358.2K
    NOI $17,909 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    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
    2,304 SF · lease $12.36/SF/yr · vacancy 10.16% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $255.8K
    $223.9K – $298.5K (±1% cap)
    NOI $17,909 @ 7.0% cap · market cap 8.33%
    Second Best
    Apartment 5plus
    $234.7K
    $205.4K – $273.9K (±1% cap)
    NOI $16,431 @ 7.0% cap · market cap 7.64%
    Theoretical Best
    Office A
    $590.9K
    $517.0K – $689.4K (±1% cap)
    NOI $41,361 @ 7.0% cap · market cap 19.24%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Healdton
    County
    Carter
    State
    Oklahoma
    Longitude
    -97.48223
    Latitude
    34.231251

    Nearby Similar for Sale

    • $200,000
      7,067 SF

      Historic Church with Adaptable Spaces

      Historic church with kitchen, fellowship area, and basketball court.
      727 4th Street, Healdton, OK 73438
      View Details
    • $90,000
      1,500 SF

      Versatile Commercial Building in Healdton

      1500 sq ft metal building, ideal for warehouse or office.
      251 Franklin Street, Healdton, OK 73438
      View Details
    • $80,000
      3,500 SF

      Healdton Commercial Building For Sale

      3,500 sq ft commercial building, formerly a medical clinic.
      628 4th Street, Healdton, OK 73438
      View Details
    • $269,900
      1,064 SF

      Turnkey Cannabis Grow Farm

      24-acre cannabis grow farm near Texas border.
      3000 Wildflower, Healdton, OK 73463
      View Details
    • $269,900
      1,300 SF

      Turnkey Cannabis Grow Farm

      24+ acre cannabis grow farm near Texas border.
      Wildflower, Healdton, OK 73463
      View Details
    • $69,900

      Healdton Restaurant with Drive-Through

      Restaurant with drive-through, walk-up window, and ample parking.
      10717 Highway 76, Healdton, OK, 73438-1715
      View Details
    • $229,000
      5,000 SF

      Healdton Warehouse/Office Space For Sale

      5000 sq ft warehouse/office space in Healdton, Oklahoma.
      9445 Highway 76, Healdton, OK, 73438-1691
      View Details
    • $100,000
      3,500 SF

      Healdton Medical Clinic Opportunity

      Versatile 3,500 sq ft commercial property on corner lot.
      628 4th St, Healdton, OK 73438
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit rental property in Healdton, OK with leases in place.
    Where is this quadplex located?
    The property is located at 598 2nd Street Healdton, 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: Income‑generating investment: Four rental units with existing leases in place.; Current monthly rental income: $2,600.; Mix of unit sizes: Two 1‑bed/1‑bath and two 2‑bed/1‑bath units.
    (580) 226-4200
    We can help!
    Listing Contact
    Hannah Lewis
    Hannah Lewis
    Real Estate License ID: 181598
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    598 2nd Street, Healdton, OK 73438
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!