8-Unit Brick Apartment
For Sale
$695,000
1420 Pierce Ave, Wagoner, OK 74467
Eight two-bedroom residences with one bath each are served by all-electric utilities.
Property Size7,642 SF
Price / SF$90.94
Days on Market12
Property Features for 1420 Pierce Ave
General Information
Standard status
Active
Size
7,642 SF
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Additional Details
Gross Income
$87,600
Taxes and HOA fees
Annual Taxes
$5,582
Building Details
Construction
Brick
Listing Agency:
Sanderson & Associates RE
Listed By:
Ronnie Sanderson · License #EB00053792
(479) 524-8600
Source:
Exprealty
Added: Sep 25
Changed: Oct 1
Last Checked: Oct 4 at 7:11PM
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 Sanderson & Associates RE
Investment Insights
Based on property information with market context.
This brick apartment property in Wagoner contains eight units, each configured with two bedrooms and one bathroom. The all-electric units are within a 7,642-square-foot building.
The owner covers water and trash service, with those costs typically below $250 per month.
The owner covers water and trash service, with those costs typically below $250 per month.
Key Highlights
- Eight‑unit apartment building
- 7,642‑square‑foot brick property
- Each residence has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,454
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,209,080
$1.2M
Cap Rate 7%
$863,629
$863.6K
Cap Rate 9%
$671,711
$671.7K
Market Conditions
NOI Build-Up for 7,642 SF
Gross rent
$119.2K $15.60/SF
− Vacancy
−$9.3K −$1.22/SF
EGI
$109.9K $14.38/SF
− OpEx
−$49.5K −$6.47/SF
NOI
$60.5K $7.91/SF
Area
Wagoner County, OK
Vacancy
7.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,209,080
Cap Rate 7%
$863,629
Cap Rate 9%
$671,711
Alternative Uses
Best Use
Apartment 5plus
$863.6K
$755.7K – $1.01M
NOI $60,454 @ 7.0% cap · market cap 8.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,185 @ 7.0% cap · market cap 18.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 74467, OK
13,981
Population
6,826
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
88%
High-School Grad
154.1 sq mi
ZIP Area
91
Density / Sq Mi
$58,398
Median Household Income
$39,350
Median Earnings
$852
Median Rent
$149,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight two-bedroom residences with one bath each are served by all-electric utilities.
Where is this apartment building located?
The property is located at 1420 Pierce Ave Wagoner, OK.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Eight‑unit apartment building; 7,642‑square‑foot brick property; Each residence has 2 bedrooms and 1 bathroom
