




502 & 504 S Main St, Tonkawa, OK, 74653
About This Home
JUST REDUCED Opportunity in Tonkawa with two homes on 4 adjacent lots, ideal for multi-generational living, rental income, or value-add potential. The primary home at 502 S Main offers 3 bedrooms, 1 bath, and approx 1,230 sq ft, remodeled in 2015 with updated finishes and functional layout. The second home at 502 S Main features 2 bedrooms, 1 bath, and approx 750 sq ft, providing flexible use as extended family space, guest space, or a rental. Convenient location near local schools, parks, and daily amenities with easy access through town. Properties offer yard space, off-street parking, and the ability to customize or improve over time. A practical setup for buyers looking to live in one and offset expenses with the second unit. Investor opportunity with two separate residential structures on individual addresses. 502 S Main: 3 bed, 1 bath, approx 1,230 sq ft MOL, remodeled in 2015. 504 S Main: 2 bed, 1 bath, approx 750 sq ft MOL. Potential for dual rental income, long-term or short-term strategy. Buyer to verify square footage, zoning, and rental use. Strong candidate for portfolio addition, house hack, or income-producing asset. Positive cash flow with 20% down. Great investment for a Veteran with a VA loan. 502 South Main St., Tonkawa, OK 3-bed, 1-bath. 1230 ft.² MOL. 504 South Main St., Tonkawa, OK 2-bed, 1-bath. 750 ft.². MOL. Both homes are currently rented. 24 hour notice to view the properties will be required. Properties will not be shown without preapproval. Seller is an active real estate agent.
Getting Around
Schools
Construction
Condition
- Year built: 1910
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Basement
- Area: 0
Features
- Finished area above ground: 0
Heating
- Heating features: Has Heating (Unspecified Type)
Interior Area
- Total structure area: 0
Property
Details
- Lease amount: 0
Lot
- Lot size: 10,000 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Ice Storm
- Tornado
- Drought
- Hail
- Heat Wave
- Inland Flooding
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Kay County and Oklahoma
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $656 | $7,872 |
| Home Insurance | $208 | $2,496 |
| Property Taxes | $71 | $852 |
| Electricity | $144 | $1,732 |
| Total | $1,079 | $12,948 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-06 | Price change | $145,000 |
| 2026-02-13 | Listed for sale | $150,000 |
| 2026-01-14 | Listing removed | $150,000 |
| 2025-11-22 | Listed for sale | $150,000 |
For Sale by Agent
