Four-Unit Property with Park
For Sale
$444,000
606 N Robin Way, Mustang, OK 73064
Fully occupied quadplex with two-bedroom units, private fenced yards, and recent exterior improvements.
Property Size3,360 SF
Price / SF$132.14
Days on Market121
Property Features for 606 N Robin Way
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
fenced yards
park access
Central Elec
Gas
Shingle
Building Details
Year Built
1983
Buildings
1
Stories
1
Listing Agency:
Ken Carpenter Realty
Listed By:
Nathan Barta · License #181330
(405) 630-9889
Source:
Kw
Added: Jul 7
Changed: Nov 1
Last Checked: Nov 3 at 2:40PM
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 Ken Carpenter Realty
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Investment Insights
Based on property information with market context.
This four-unit residential income property in Mustang, Oklahoma, contains approximately 3,360 square feet, with each unit measuring about 820 square feet. The units feature two bedrooms, one bathroom, central electric service, and gas. Each residence also includes a fenced yard with direct access to Centennial Park. The property is currently 100% occupied.
Exterior improvements completed during 2024-2025 include a replacement shingle roof, exterior painting, and new gutters. Built in 1983, the property is located at 606 N Robin Way within Mustang city limits. The sale is offered in its current condition, and interior access is limited while tenants remain in place.
Exterior improvements completed during 2024-2025 include a replacement shingle roof, exterior painting, and new gutters. Built in 1983, the property is located at 606 N Robin Way within Mustang city limits. The sale is offered in its current condition, and interior access is limited while tenants remain in place.
Key Highlights
- Four‑unit property with approximately 3,360 square feet
- 100% occupied at the time of listing
- Each unit is approximately 820 square feet with two bedrooms and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,831
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,620
$436.6K
Cap Rate 7%
$311,871
$311.9K
Cap Rate 9%
$242,567
$242.6K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$34.3K $10.20/SF
− Vacancy
−$3.1K −$0.92/SF
EGI
$31.2K $9.28/SF
− OpEx
−$9.4K −$2.78/SF
NOI
$21.8K $6.50/SF
Area
Canadian County, OK
Vacancy
9.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,620
Cap Rate 7%
$311,871
Cap Rate 9%
$242,567
Alternative Uses
Best Use
Multifamily LT 5
$311.9K
$272.9K – $363.9K
NOI $21,831 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$262.3K
$229.5K – $306.0K
NOI $18,362 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$731.6K
$640.2K – $853.6K
NOI $51,213 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
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Business Placement
Demographics for 73064, OK
25,137
Population
10,285
Households
2.4
Avg Household Size
38
Median Age
29%
College-Educated
93%
High-School Grad
53.7 sq mi
ZIP Area
468
Density / Sq Mi
$93,861
Median Household Income
$51,699
Median Earnings
$1,280
Median Rent
$236,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied quadplex with two-bedroom units, private fenced yards, and recent exterior improvements.
Where is this quadplex located?
The property is located at 606 N Robin Way Mustang, OK.
What is the asking price?
The asking price for this property is $444,000.
What are key features of this property?
This property features: Four‑unit property with approximately 3,360 square feet; 100% occupied at the time of listing; Each unit is approximately 820 square feet with two bedrooms and one bathroom
