Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    302 E Shawntel Smith Blvd Muldrow, OK 74948

    View on Map
    Sponsored
    For Sale
    $2,040,000

    MULTI_FAMILY - Muldrow, OK

    Type:Apartment
    Property size:
    23,904 SF
    Lot size:
    2.00 Acres
    Days on Market:
    200
    Last Refresh:
    Mar 6 at 7:06 pm

    Property Features for 302 E Shawntel Smith Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Size
    23,904 SF
    Lot size
    2.00 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Floors in Building
    2
    Number of units
    42
    Flooring type
    Tile - Ceramic
    Roof type
    Metal, Shingle

    We can help!

    Listing Contact
    Luttrell Team

    O'Neal Real Estate LLC (918) 774-5743

    Listing agent Luttrell Team

    Listing date Aug 19, 2025

    MLS# 1083284

    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.

    Learn more

    Property Insight Report

    Overview

    Multifamily Investment Opportunity in Muldrow

    This offering presents an investment opportunity with a portfolio of multifamily units located minutes from Fort Smith, AR. The package includes four properties: a 20-unit apartment complex, two 8-unit buildings, and one 6-unit building, totaling 42 one-bedroom, one-bath units. The properties are located at 302 E Shawntel Smith Blvd, 201 SW 9th St, 107 SE 7th St, and 701 S Ada St in Muldrow, OK. The combined properties encompass a total area of 23904 square feet on a 2-acre lot. This portfolio of residential income properties offers the potential for increased cash flow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muldrow
    County
    Sequoyah
    State
    Oklahoma
    Longitude
    -94.594826
    Latitude
    35.402103

    Nearby Similar for Sale

    • $325,000
      Pending

      Highway 64 Commercial Building

      Versatile 4,000 sq ft commercial building on 0.39 acres.
      1002 Shawntel Smith Blvd, Muldrow, OK 74948
      View Details
    • $490,000
      7,000 SF

      Sprawling Warehouse on Highway Frontage

      7,000 sq ft commercial building on 8.85 acres.
      1400 W Shawntel Smith Blvd, Muldrow, OK 74948
      View Details
    • $199,000
      2,100 SF

      Muldrow Warehouse in Industrial Park

      Well-maintained 2,100 sq ft warehouse in Muldrow, Oklahoma.
      850 Industrial Park Rd, Muldrow, OK 74948
      View Details
    • $400,000
      3,520 SF

      Restaurant & Retail Opportunity

      Established restaurant and retail space with residential income potential.
      313 Shawntel Smith Blvd, Muldrow, OK 74948
      View Details
    • $380,000
      4,800 SF

      Muldrow Multifamily Investment Opportunity

      Eight-unit apartment complex near schools and Fort Smith, AR.
      107 SE 7Th St, Muldrow, OK 74948
      View Details
    • $380,000
      3,120 SF

      Muldrow Multifamily Investment Opportunity

      Eight-unit apartment complex near schools and Fort Smith, AR.
      701 S Ada St, Muldrow, OK 74948
      View Details
    • $1,000,000
      12,084 SF

      Muldrow Multifamily Investment Opportunity

      20-unit complex in Muldrow, OK, offering steady income.
      302 E Shawntel Smith Blvd, Muldrow, OK 74948
      View Details
    • $280,000
      3,900 SF

      Muldrow Multifamily Investment Opportunity

      Six-unit apartment complex near schools and Fort Smith, Arkansas.
      201 SW 9Th St, Muldrow, OK 74948
      View Details
    • $2,040,000
      23,904 SF

      Multifamily Investment Opportunity in Muldrow

      42-unit multifamily portfolio near Fort Smith, AR, for sale.
      302 E Shawntel Smith Blvd, Muldrow, OK 74948
      View Details
    • $1,050,000
      2.09 Acres

      Prime Muldrow Commercial Land

      I-40 Frontage, 2+ Acres, High Visibility
      1400 Main St, Muldrow, OK 74948
      View Details

    FAQs

    What type of property is this?
    Apartment building - 42-unit multifamily portfolio near Fort Smith, AR for sale.
    Where is this apartment building located?
    The property is located at 302 E Shawntel Smith Blvd Muldrow, OK.
    What is the asking price?
    The asking price for this property is $2,040,000.
    What are key features of this property?
    This property features: - Portfolio of 42 multifamily units (1 bed/1 bath) offered as a package.; - Located minutes from Fort Smith, AR.; - Listed at less than $50K per door.
    (918) 774-5743
    Request Owner's contact information
    302 E Shawntel Smith Blvd Muldrow, OK 74948
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    302 E Shawntel Smith Blvd
    Muldrow, OK 74948
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    302 E Shawntel Smith Blvd Muldrow, OK 74948
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Luttrell Team
    (918) 774-5743 (479) 739-8087
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!