?? Turnkey Side-by-Side Duplex Opportunity – Mixed-Use Income Stream – Fully Renovated ??
Address: 108 S. Osage St, Ponca City, OK 74601 (and identical twin next door)
Price: $400,000 each – Buy One or Both
?? Income Snapshot
Duplex #1 – Fully Long-Term Rentals
Two 3BR/1BA units
Both leased at $1,280/month
Gross Income: $2,560/month ($30,720/year)
Duplex #2 – Mixed-Use Rentals
Unit A: Long-term lease at $1,280/month
Unit B: Airbnb, fully furnished 3BR, averaging $1,600/month, booked solid until September
Gross Income: $2,880/month ($34,560/year)
Package Total (Both Duplexes):
Current Gross: $5,440/month ($65,280/year)
Estimated Expenses: $1,000/month total ($12,000/year)
Net Operating Income (NOI): $53,280/year
Cap Rate: ~6.66% (with current operations)
Upside Potential: Converting additional units to Airbnb could push gross over $96,000/year.
?? Turnkey Renovations – Everything Brand New
Both duplexes have been gut-renovated with permits and warranties:
New framing, drywall, electrical, plumbing (each unit has one exterior faucet as well), roof, windows, brick work, soffits, balcony, stairs, electrical panels, removed hazzardous trees and replaced fenceing.
HVAC mini-splits (living room + each bedroom)
STAINMASTER PetProtect hardwood flooring + tile
All new kitchens: cabinets, countertops, appliances (LG stackable washer/dryer, fridge, microwave, dishwasher, range, garbage disposal)
In-line water heaters, electric fireplaces, updated bathroom fixtures
Tech upgrades: Ring doorbells + front/back cameras, Wi-Fi extenders
Passed city inspections, fully code-compliant
?? Location Advantage
Walk to downtown, schools, churches, parks, RecPlex Gym, refinery, restaurants. Short 10-15 minute drive to hospital, grocery, Starbucks, Lowes, Walmart and nearest casino. 45 minute drive to nearest airport, university, major shopping malls. 1 hr and a half to Tulsa and Oklahoma City.
Near major employers: city offices, hospital, refinery, several schools.
Area supports high Airbnb occupancy — many similar properties booking $2,800+/mo per unit
?? Investor Extras
Full rent rolls and signed rental contracts available for serious buyers
Flexible sale: Buy one duplex or both for a 4-unit portfolio
Perfect blend of stable long-term cash flow and higher-yield short-term rental upside
?? Call today to schedule a viewing — furnished Airbnb unit ready to generate income from Day 1!
Based on recent Airbnb market data for Ponca City, typical short-term rental listings in the area charge an average daily rate around $87 and have a median occupancy rate of 61%. Many of these nearby rentals offer fewer amenities compared to my duplex, yet they consistently achieve good booking levels throughout the year.
For sale by owner
$400,000
108 S Osage St, Ponca City, OK 74601
6beds
2,744sqft
Est.:
MultiFamily
Built in 1940
-- sqft lot
$-- Zestimate®
$146/sqft
$-- HOA
What's special
Brick workStainmaster petprotect hardwood flooringWi-fi extendersUpdated bathroom fixturesNew kitchensRing doorbellsHvac mini-splits
What the owner loves about this home
Fully remodeled. Great investment property. Reliable tenants.
- 12 days
- on Zillow |
- 191 |
- 0 |
Listed by:
(541) 761-0054
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Other, Electric
Cooling
- Other
Appliances
- Included: Dishwasher, Dryer, Freezer, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Tile, Hardwood
- Basement: None
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,744 sqft
Property
Parking
- Total spaces: 6
- Parking features: Off-street
Features
- Exterior features: Wood, Brick
Lot
- Size: 0.3 Acres
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1940
Community & HOA
Location
- Region: Ponca City
Financial & listing details
- Price per square foot: $146/sqft
- Date on market: 8/14/2025
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