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Affordable Multifamily Community

1302 Watson Drive, Anadarko, OK 73005

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40-unit affordable housing built in 1973, offering 1–3 bedroom layouts and stabilized, well-maintained operations.

Type:Multifamily

Property size:

40,808 SF

Lot size:

4.00 Acres

Price / SF:

$72/SF

HighLights

40‑unit affordable multifamily community built in 1973 at 1302 Watson Drive, Anadarko, OK
Unit mix includes 1-, 2-, and 3‑bedroom layouts, with large units averaging 915 SF
Low‑density site: 10 units per acre
Fully occupied with in‑place rents of $630 per unit compared to a $695 submarket asking
Stabilized operations with a consistent occupancy history and well‑maintained physical condition
Current offering price $2,950,000 with a 7.19% going‑in cap rate based on T12M NOI of $212,073

We can help!

Listing Contact

Garrett Huie

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For Sale

Contact for pricing

40-unit affordable housing built in 1973, offering 1–3 bedroom layouts and stabilized, well-maintained operations.

Type:Multifamily

Property size:

40,808 SF

Lot size:

4.00 Acres

Price / SF:

$72/SF

Added:: Jun 7, 2026
Days on Market:: 15
Last Refresh:: Jun 20 at 8:20 am

Property Features for 1302 Watson Drive

General Information

Standard status: Active
Size: 40,808 SF
Lot size: 4.00 Acres
Property subtype: Multifamily

Building Details

Year Built: 1973

We can help!

Listing Contact

Garrett Huie

Listing agent Garrett Huie License #181041

Listing office SVN | OAK Realty Advisors

Listing date Jun 7, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of SVN | OAK Realty Advisors

HighLights

40‑unit affordable multifamily community built in 1973 at 1302 Watson Drive, Anadarko, OK
Unit mix includes 1-, 2-, and 3‑bedroom layouts, with large units averaging 915 SF
Low‑density site: 10 units per acre
Fully occupied with in‑place rents of $630 per unit compared to a $695 submarket asking
Stabilized operations with a consistent occupancy history and well‑maintained physical condition
Current offering price $2,950,000 with a 7.19% going‑in cap rate based on T12M NOI of $212,073

Overview

The Crossings is a 40-unit, 1973-vintage affordable multifamily community presented for sale. The property offers a balanced mix of spacious one-, two-, and three-bedroom apartment layouts, with units averaging 915 square feet. It is described as well-maintained and stabilized with a consistent occupancy history, and the community is currently fully occupied. The offering includes a $2,500 per unit capital reserve allocated for day-one maintenance.

The community is located at 1302 Watson Drive in Anadarko, Oklahoma, and is positioned near major developments, including the Western Farmers Electric Cooperative expansion. The stated low-density footprint is 10 units per acre.

From an ownership perspective, the current in-place rents of $630 per unit are reported to trail a submarket asking of $695 per unit. The listing also notes a 7.19% going-in capitalization rate based on a trailing 12-month net operating income of $212,073. With the property’s physical condition and the proximity to major employers cited as demand drivers, the stated strategy centers on continued stabilization and potential income improvement through unit turnover and operational efficiencies.

Location Intelligence

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Town & Country Apts. Apartment Building The Crossings in Anadarko Apartment Complex

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Local Demand

City: Anadarko
County: Caddo
State: Oklahoma
Longitude: -98.223893
Latitude: 35.077993

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For sale
Apartment buildings
OK
Anadarko
73005
1302 Watson Drive

What type of property is this?

Apartment building - 40-unit affordable housing built in 1973, offering 1–3 bedroom layouts and stabilized, well-maintained operations.

Where is this apartment building located?

The property is located at 1302 Watson Drive Anadarko, OK.

What is the asking price?

The asking price for this property is $2,950,000.

What are key features of this property?

This property features: 40‑unit affordable multifamily community built in 1973 at 1302 Watson Drive, Anadarko, OK; Unit mix includes 1-, 2-, and 3‑bedroom layouts, with large units averaging 915 SF; Low‑density site: 10 units per acre