Four-Unit Multifamily
For Sale
$1,249,000
941 SW 88 Street, Oklahoma City, OK 73139
A four-residence configuration provides consistent two-bedroom, two-bath layouts with modern interior finishes.
Property Size3,898 SF
Days on Market131
Property Features for 941 SW 88 Street
General Information
Standard status
Active
Size
3,898 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$183
Building Details
Building Size
3,898 SF
Year Built
2026
Stories
2
Units
4
Listing Agency:
Exit Realty Premier
(405) 627-5801
Listed By:
Aaron C. Evans
(405) 627-5801
Source:
Jarmanrealtyok
Added: Apr 5
Changed: Aug 13
Last Checked: Aug 13 at 3:42AM
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 Exit Realty Premier
Investment Insights
Based on property information with market context.
This multifamily property contains four individual residences, each arranged with two bedrooms and two full bathrooms. The units feature modern interior finishes and a consistent layout across the building, providing uniformity throughout the property.
Constructed in 2026, the property is located at 941 SW 88 Street in Oklahoma City, Oklahoma. Its four-unit configuration and repeated floor plan offer a straightforward multifamily asset with clearly defined residential spaces.
Constructed in 2026, the property is located at 941 SW 88 Street in Oklahoma City, Oklahoma. Its four-unit configuration and repeated floor plan offer a straightforward multifamily asset with clearly defined residential spaces.
Key Highlights
- Four‑unit multifamily property
- Each unit includes 2 bedrooms and 2 full bathrooms
- Modern interior finishes throughout the units
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
$35,584
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
2.85%
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%
$711,680
$711.7K
Cap Rate 7%
$508,343
$508.3K
Cap Rate 9%
$395,378
$395.4K
Market Conditions
NOI Build-Up for 3,898 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
$53.8K $13.80/SF
− Vacancy
−$3.0K −$0.76/SF
EGI
$50.8K $13.04/SF
− OpEx
−$15.3K −$3.91/SF
NOI
$35.6K $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%
$711,680
Cap Rate 7%
$508,343
Cap Rate 9%
$395,378
Alternative Uses
Best Use
Multifamily LT 5
$508.3K
$444.8K – $593.1K
NOI $35,584 @ 7.0% cap · market cap 2.85%
Second Best
Apartment 5plus
$470.4K
$411.6K – $548.8K
NOI $32,925 @ 7.0% cap · market cap 2.64%
Theoretical Best
Specialty Retail
$1.33M
$1.17M – $1.56M
NOI $93,318 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Explore this area
Business Placement
Demographics for 73139, OK
18,781
Population
8,790
Households
2.1
Avg Household Size
35
Median Age
15%
College-Educated
79%
High-School Grad
4.4 sq mi
ZIP Area
4,268
Density / Sq Mi
$47,424
Median Household Income
$34,557
Median Earnings
$946
Median Rent
$164,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - A four-residence configuration provides consistent two-bedroom, two-bath layouts with modern interior finishes.
Where is this quadplex located?
The property is located at 941 SW 88 Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Four‑unit multifamily property; Each unit includes 2 bedrooms and 2 full bathrooms; Modern interior finishes throughout the units
