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Whispering Cobblestone Cabins, LLC 115 Sheridan North St 4 Unit Apartment Building $859,900 ($214,975/Unit) Medicine Park, OK 73557



Investment Highlights
- Newly constructed property completed in 2024.
- Open-concept floor plans support short-term rental operations.
- Located in Medicine Park near major outdoor recreation destinations.
- Two duplex buildings provide four fully furnished residential units.
- In-unit washers and dryers are included in each residence.
Executive Summary
Whispering Cobblestone Cabins presents an opportunity to acquire a newly constructed short-term rental property in Medicine Park, Oklahoma. Completed in 2024, the offering consists of two duplex buildings containing four fully furnished residential units. Each unit features a two-bedroom, two-bathroom layout with open-concept living areas and in-unit washers and dryers, creating a turnkey setup for continued vacation rental operations or flexible ownership use.
Located within Medicine Park, one of Oklahoma's most recognized resort and tourism destinations, the property benefits from year-round visitor traffic driven by the town's distinctive cobblestone character, nearby recreational attractions, and proximity to the Wichita Mountains Wildlife Refuge and Lake Lawtonka. The area's tourism appeal supports demand from travelers seeking short-term accommodations, weekend getaways, and outdoor recreation experiences.
The property's configuration offers operational flexibility. Investors can continue operating all units as short-term rentals, while owner-occupants may choose to occupy a unit and generate supplemental income from the remaining residences. The fully furnished condition and recent construction reduce immediate capital expenditure requirements and provide a streamlined transition for new ownership.
With four residential units, modern construction, and a location within one of Oklahoma's established tourism markets, the asset offers an opportunity for buyers seeking lodging-oriented real estate rather than a traditional apartment investment. As requested, no cap rate assumptions or projections have been included.
Located within Medicine Park, one of Oklahoma's most recognized resort and tourism destinations, the property benefits from year-round visitor traffic driven by the town's distinctive cobblestone character, nearby recreational attractions, and proximity to the Wichita Mountains Wildlife Refuge and Lake Lawtonka. The area's tourism appeal supports demand from travelers seeking short-term accommodations, weekend getaways, and outdoor recreation experiences.
The property's configuration offers operational flexibility. Investors can continue operating all units as short-term rentals, while owner-occupants may choose to occupy a unit and generate supplemental income from the remaining residences. The fully furnished condition and recent construction reduce immediate capital expenditure requirements and provide a streamlined transition for new ownership.
With four residential units, modern construction, and a location within one of Oklahoma's established tourism markets, the asset offers an opportunity for buyers seeking lodging-oriented real estate rather than a traditional apartment investment. As requested, no cap rate assumptions or projections have been included.
Property Facts
| Price | $859,900 | Building Class | C |
| Price Per Unit | $214,975 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 3,884 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment |
| Price | $859,900 |
| Price Per Unit | $214,975 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 3,884 SF |
| No. Stories | 1 |
| Year Built | 2024 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | 971 |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0039199 | Improvements Assessment | $27,627 |
| Land Assessment | $8,682 | Total Assessment | $36,309 |
Property Taxes
Parcel Number
0039199
Land Assessment
$8,682
Improvements Assessment
$27,627
Total Assessment
$36,309
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Whispering Cobblestone Cabins, LLC | 115 Sheridan North St
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