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4 Grand Lake Dr 6 Unit Apartment Building $899,900 ($149,983/Unit) Afton, OK 74331
Investment Highlights
- Six-unit multifamily investment sale comprising a duplex and a fourplex within a lake community setting.
- Fully occupied with approximately $68,000 annual gross revenue reported by seller.
- Easy access to local dining, entertainment, and outdoor lifestyle attractions around Grand Lake O’ the Cherokees.
- Located on Grand Lake’s Monkey Island, near marinas, resorts, and recreation amenities.
- Recent interior improvements such as granite countertops and updated flooring increase property value.
Executive Summary
This offering presents an income-producing multifamily portfolio comprising a duplex and a fourplex with a total of six units, situated along Grand Lake Drive within the desirable Port Duncan area on Monkey Island. The property occupies approximately 1.2 acres and consists of one fourplex featuring four two-bedroom, two-bath units and one duplex with units configured as a two-bedroom, two-bath and a three-bedroom, two-bath residence. Recent updates include new granite countertops and carpeting in select units, enhancing long-term rental appeal.
Currently operating at full occupancy, the asset generates an annual gross income of approximately $68,000, supported by a consistent tenant base. Two additional lots are included, providing future development potential for expanding the unit count or creating a custom lake property. Amenities offered by the neighborhood include access to the scenic Grand Lake O’ the Cherokees, a popular recreation destination, which contributes to year-round rental demand from locals, vacationers, and workforce tenants.
With stable income, upside potential through new development, and a premier location inside a private community setting, this property serves as a compelling investment opportunity in one of northeastern Oklahoma’s most sought-after lakefront areas.
Currently operating at full occupancy, the asset generates an annual gross income of approximately $68,000, supported by a consistent tenant base. Two additional lots are included, providing future development potential for expanding the unit count or creating a custom lake property. Amenities offered by the neighborhood include access to the scenic Grand Lake O’ the Cherokees, a popular recreation destination, which contributes to year-round rental demand from locals, vacationers, and workforce tenants.
With stable income, upside potential through new development, and a premier location inside a private community setting, this property serves as a compelling investment opportunity in one of northeastern Oklahoma’s most sought-after lakefront areas.
Property Facts
| Price | $899,900 | Building Class | C |
| Price Per Unit | $149,983 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 6,000 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1984 |
| Apartment Style | Low-Rise |
| Price | $899,900 |
| Price Per Unit | $149,983 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 6,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1984 |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $69,371 | |
| Land Assessment | $2,193 | Total Assessment | $71,564 |
Property Taxes
Parcel Numbers
Land Assessment
$2,193
Improvements Assessment
$69,371
Total Assessment
$71,564
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4 Grand Lake Dr
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