New Apartment Building Near
For Sale
$1,470,000
270 Nw Electric Ave, McAlester, OK 74501
Nine-unit apartment building near McAlester Regional Hospital, completed November 2025.
Property Size9,282 SF
Price / SF$158.37
Days on Market236
Property Features for 270 Nw Electric Ave
General Information
Standard status
Active
Size
9,282 SF
Listing Agency:
HomeCoin.com
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Source:
Exprealty
Added: Feb 26
Changed: Oct 19
Last Checked: Oct 19 at 9:01AM
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 HomeCoin.com
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Investment Insights
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This nine-unit apartment building, finished in November 2025, features a full sprinkler system and a concrete parking lot. Each unit includes two bedrooms and two bathrooms, with an open floor plan integrating the kitchen, dining, and living room areas. The units are designed for energy efficiency, with average electric bills reported to be less than $100 per unit. Water and trash services average less than $40 per month per unit, and high-speed internet averages $55 per unit monthly. The annual insurance cost is $12,800. The building has received full State Fire Marshall approval and an occupancy certificate. Located close to McAlester Regional Hospital and multiple schools, the property is situated in Krebs, a small town adjacent to McAlester, known for its very low crime rate. The property size is 9282 square feet.
Key Highlights
- New construction 9‑unit apartment building (2025).
- Full sprinkler system and concrete parking lot.
- Each unit features 2 bedrooms and 2 bathrooms with an open floor plan.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
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Demographics for 74501, OK
28,566
Population
13,223
Households
2.2
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
550.7 sq mi
ZIP Area
52
Density / Sq Mi
$55,430
Median Household Income
$38,814
Median Earnings
$907
Median Rent
$156,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit apartment building near McAlester Regional Hospital, completed November 2025.
Where is this apartment building located?
The property is located at 270 Nw Electric Ave McAlester, OK.
What is the asking price?
The asking price for this property is $1,470,000.
What are key features of this property?
This property features: New construction 9‑unit apartment building (2025).; Full sprinkler system and concrete parking lot.; Each unit features **2 bedrooms and 2 bathrooms with an open floor plan.**
