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502 & 504 S Main St, Tonkawa, OK, 74653

0beds
0baths
0sqft
$129,900
--price/sqft
$1,079/moest. monthly cost
$43,160/yrincome needed

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

33
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

7/10
Tonkawa Elementary SchoolGrades PK-50.8 mi
3/10
Tonkawa Middle SchoolGrades 6-80.7 mi
7/10
Tonkawa High SchoolGrades 9-120.7 mi

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
    Cold WaveVery High
  • Ice Storm
    Ice StormVery High
  • Tornado
    TornadoVery High
  • Drought
    DroughtRelatively High
  • Hail
    HailRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High

How This Home’s Risks Compare

Cold Wave
Ice Storm
Tornado
Drought
Hail
Heat Wave
Inland Flooding
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters in Kay County and Oklahoma

Flood
Severe Storm
Straight Line Winds
Tornado
Winter Storm

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

MonthlyAnnual
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...

35% on housing$36,994/yr
40% on housing$32,370/yr
45% on housing$28,773/yr

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.

Insurance Growth Rate5-year average: 6.2%
6.2%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.3%
-0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 74653$61
Kay County$91

vs Homes Sold Last Month

Median $/sqft

ZIP 74653$99
Kay County$89

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

DateEventPrice
2026-04-06Price change$145,000
2026-02-13Listed for sale$150,000
2026-01-14Listing removed$150,000
2025-11-22Listed for sale$150,000

For Sale by Agent

AgentMckenzie Schuermann
BrokerageUnited Country Real Estate Rockin Double J LLC

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