320 S Morton Avenue, Okmulgee, OK 74447
- Added:
- Jan 13, 2026
- Days on Market:
- 165
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 320 S Morton Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COM
- Interior features
- Smoke Detector
- Exterior features
- Dumpster, Sidewalk
- Standard status
- Active
- APN
- 1
- Size
- 4,388 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- OT OKMULGEE N 65' OF E/2 LT 5 & S 75' OF E/2 LT 5 & W 10' OF N 60' & S 80' LT 6 BLK 116 . LUCERNE APT
- Tax Annual Amount
- 1229
Building Details
- Year built
- 1920
- Flooring type
- Wood, Tile, Carpet, Vinyl
- Building materials
- Brick
Listing agent Jamie Goodnight License #159613 (918) 712-2252
Listing office Keller Williams Advantage 12133 S Yukon Ave, #100, Tulsa, OK (918) 291-2425
Listing date Jan 13, 2026
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 3‑story apartment building built in 1920 with 12 one‑bedroom units near downtown Okmulgee
- Roof replaced; plumbing/drains updated on 6 of the 12 apartment units
- Laundry facility in the basement of the 12‑unit building
- Individually metered for electric/gas; 1 water meter serves all 12 units
- Includes two additional rented homes: one 2‑bedroom/1‑bath and one 1‑bedroom/1‑bath
- Exterior includes brick construction with sidewalk; interior features include smoke detectors
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.5k | $15.60 |
| − Vacancy | −$5.3k | −$1.22 |
| EGI | $63.1k | $14.38 |
| − OpEx | −$28.4k | −$6.47 |
| NOI | $34.7k | $7.91 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Okmulgee
- County
- Okmulgee
- State
- Oklahoma
- Longitude
- -95.973057
- Latitude
- 35.620547
