Fully Furnished Four-Unit
For Sale
$549,000
Pending
711 N Douglas Ave., Oklahoma City, OK 73106
MULTI_FAMILY - Oklahoma City, OK
Property Size2,560 SF
Lot Size0.15 Acres
Days on Market173
Property Features for 711 N Douglas Ave.
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 4
Lot features
Interior Lot
Elementary school
Mark Twain ES
Middle school
Taft MS
High school
Northwest Classen HS
Elementary school district
Oklahoma City
Middle school district
Oklahoma City
High school district
Oklahoma City
Directions
Located just south of Linwood on N. Douglas
Standard status
Pending
APN
711NDouglasAve.73106
Size
2,560 SF
Lot size
0.15 Acres
Amenities
polished concrete floors
high-end appliances
quartz and marble bath vanity tops
keyless entry
laundry room
pet wash station
covered parking
expansive outdoor space
automatic exterior lighting
motion sensor lights
ADA compliant features
Building Details
Year built
2020
Floors in Building
1
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
RE/MAX at Home · RE/MAX International
(405) 708-6691
Listed By:
Mary L Walker · License #143671
(405) 209-0124
Added: Feb 17
Changed: Aug 3
Last Checked: Aug 9 at 3:06AM
MLS# 1213982
Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Fully furnished quadplex at 711 N Douglas Ave., built in 2020 and designed for turnkey rental operations. The property includes all four units furnished, with polished concrete floors, high-end appliances, and quartz and marble bath vanity tops. Access is handled via keyless entry, and each unit benefits from practical in-home features. Common amenities include a laundry room, a pet wash station, covered parking, and expansive outdoor space. Operational features also include automatic exterior lighting and motion sensor lights, and the property includes ADA-compliant features.
The site is a 0.1492-acre lot with 2,560 square feet under roof. Construction includes metal siding and a metal roof. The property is identified as fully operational and income-producing, with established branding and historical rental performance data, and it also includes a Metro Park Neighborhood Association component.
Located in Oklahoma City (73106), the property is minutes from Midtown, Plaza District, Automobile Alley, the Fairgrounds, and the Wheeler District, and is about 7 miles from Will Rogers World Airport. The configuration can support short-term, mid-term, long-term, or a combination of rental arrangements.
The site is a 0.1492-acre lot with 2,560 square feet under roof. Construction includes metal siding and a metal roof. The property is identified as fully operational and income-producing, with established branding and historical rental performance data, and it also includes a Metro Park Neighborhood Association component.
Located in Oklahoma City (73106), the property is minutes from Midtown, Plaza District, Automobile Alley, the Fairgrounds, and the Wheeler District, and is about 7 miles from Will Rogers World Airport. The configuration can support short-term, mid-term, long-term, or a combination of rental arrangements.
Key Highlights
- 0.1492‑acre lot with 2,560 SF quadplex built in 2020
- All four units fully furnished with keyless entry and polished concrete floors
- Quartz and marble bath vanity tops plus high‑end appliances throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,369
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$467,380
$467.4K
Cap Rate 7%
$333,843
$333.8K
Cap Rate 9%
$259,656
$259.7K
Market Conditions
NOI Build-Up for 2,560 SF
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.
Gross rent
$35.3K $13.80/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$33.4K $13.04/SF
− OpEx
−$10.0K −$3.91/SF
NOI
$23.4K $9.13/SF
Area
Oklahoma City, OK
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$467,380
Cap Rate 7%
$333,843
Cap Rate 9%
$259,656
Alternative Uses
Best Use
Multifamily LT 5
$333.8K
$292.1K – $389.5K
NOI $23,369 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$308.9K
$270.3K – $360.4K
NOI $21,624 @ 7.0% cap · market cap 3.94%
Theoretical Best
Specialty Retail
$875.5K
$766.1K – $1.02M
NOI $61,286 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,340
Businesses Nearby
Explore this area
Business Placement
Demographics for 73106, OK
12,956
Population
6,069
Households
2.1
Avg Household Size
32
Median Age
40%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
4,319
Density / Sq Mi
$51,934
Median Household Income
$32,145
Median Earnings
$1,050
Median Rent
$262,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully furnished four-unit quadplex built in 2020 with covered parking, keyless entry, and ADA-compliant features.
Where is this quadplex located?
The property is located at 711 N Douglas Ave. Oklahoma City, OK.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 0.1492‑acre lot with 2,560 SF quadplex built in 2020; All four units fully furnished with keyless entry and polished concrete floors; Quartz and marble bath vanity tops plus high‑end appliances throughout
