Affordable Multifamily
For Sale
Contact for pricing
1302 Watson Drive, Anadarko, OK 73005
40-unit affordable housing built in 1973, offering 1–3 bedroom layouts and stabilized, well-maintained operations.
Property Size40,808 SF
Lot Size4.00 Acres
Price / SF$72.29
Days on Market61
Property Features for 1302 Watson Drive
General Information
Standard status
Active
Size
40,808 SF
Lot size
4.00 Acres
Property subtype
Multifamily
Occupancy
100%
Additional Details
Cap Rate
7.19%
Multifamily Units
40
Building Details
Year Built
1973
Listing Agency:
SVN | OAK Realty Advisors
(918) 850-1779
Listed By:
Garrett Huie · License #181041
Source:
Crexi
Added: Jun 7
Changed: Jul 10
Last Checked: Aug 5 at 9:49AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
Property Analytics
Property Profile
Current Use
Lease Details
40
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
Business Placement
Demographics for 73005, OK
8,072
Population
3,421
Households
2.4
Avg Household Size
39
Median Age
13%
College-Educated
89%
High-School Grad
167.7 sq mi
ZIP Area
48
Density / Sq Mi
$47,742
Median Household Income
$31,991
Median Earnings
$713
Median Rent
$94,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
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
