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Twelve-Unit Apartment Building
For Sale
$700,000

101 North AVE, Poteau, OK 74953

MULTI_FAMILY - Poteau, OK

Property Size10,560 SF
Lot Size0.55 Acres
Price / SF$66.29
Days on Market64

Property Features for 101 North AVE

General Information

Property type Residential Multi Family
Property subtype Apartment
Subdivision Lakeview Add
Lot features In Subdivision
Elementary school Poteau
Middle school Poteau
High school Poteau
Elementary school district Poteau
Middle school district Poteau
High school district Poteau
Directions From US-59 / US-271 in Poteau, follow signage to North Avenue. Property at 101 North Avenue.
Standard status Active
APN Q240-00-004-000-0-005-00
Size 10,560 SF
Lot size 0.55 Acres

Taxes and HOA fees

Tax Description POTEAU LAKEVIEW ADD BLK 4 LOTS 10 THRU 13 B1491 P836 B1572 P98 B1955 P705& P706 B2022 P253 RIVIERA APTS.
Tax Annual Amount 2231
Legal Description POTEAU LAKEVIEW ADD BLK 4 LOTS 10 THRU 13 B1491 P836 B1572 P98 B1955 P705& P706 B2022 P253 RIVIERA APTS.

Utilities

Heating system Baseboard
Cooling system Window Unit(s)

Building Details

Year built 1960
Floors in Building 2
Number of units 12
Flooring type Vinyl, Laminate
Roof type Shingle
Listing Agency: Harmon Real Estate Company
Listed By: Joshua Harmon · License #PB00080746
Added: Jun 3 Changed: Aug 3 Last Checked: Aug 5 at 2:06AM
MLS# 1089515

Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Riviera is a fully occupied 12-unit apartment building offering a mix of one- and two-bedroom floor plans. Current ownership completed a new roof and new siding in 2025, addressing visible components of the building envelope. The property is leased to capacity, with all twelve units currently rented.

The building is located at 101 North Avenue in Poteau, Oklahoma, in LeFlore County. Poteau is the county seat and is about 35 minutes from Fort Smith, Arkansas via US 59/271. The surrounding renter base is described as anchored by Eastern Oklahoma Medical Center, the Choctaw Nation’s regional health facilities, Walmart, OK Foods, and Carl Albert State College.

For buyers seeking a smaller-asset entry point, the current leasing profile shows stepped rent performance, including 2026 leases signed at the top of the property’s rent range. With stable occupancy and recent exterior improvements already in place, the property presents a straightforward operational model supported by the current rent roll.

Key Highlights

  • 12‑unit multifamily at 101 North Avenue, Poteau, OK, with all 12 units leased
  • Unit mix includes 1‑bedroom and 2‑bedroom floor plans
  • New roof and new siding completed in 2025

Property Analytics

Current Use

Riviera Apartments Apartment Building

Suggested Use

Top Pick Dental Office Parking Lot & Garage HVAC Service Grocery & Convenience Store Garden Center Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

294
Businesses Nearby

Demographics for 74953, OK

12,113
Population
4,755
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
85%
High-School Grad
119.1 sq mi
ZIP Area
102
Density / Sq Mi
$54,625
Median Household Income
$34,280
Median Earnings
$796
Median Rent
$174,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully leased 12-unit apartment property with updated roof and siding installed in 2025.
Where is this apartment building located?
The property is located at 101 North AVE Poteau, OK.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 12‑unit multifamily at 101 North Avenue, Poteau, OK, with all 12 units leased; Unit mix includes 1‑bedroom and 2‑bedroom floor plans; New roof and new siding completed in 2025
More about this property
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