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    Townhome-Style Multifamily Property Title is generated by Realmo AI

    305 Pleasant Valley RD, Poteau, OK 74953

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    For Sale
    $935,000

    MULTI_FAMILY - Poteau, OK

    Type:Apartment
    Property size:
    16,620 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $56/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for 305 Pleasant Valley RD

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    APN
    Q500-35-07N-25E-0-043-00
    Size
    16,620 SF
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Description
    POTEAU TOWNSHIP ADD SEC 35 TWP 7N RNG 25E PT NE NE NW & PT NW NW NE BEG NE COR NW W120 S210 S49DG28' E130 N09DG51'E298.91 W30 POB B1629 P274 B1920 P233.
    Tax Annual Amount
    3075

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1984
    Floors in Building
    2
    Number of units
    15
    Flooring type
    Vinyl
    Roof type
    Shingle

    We can help!

    Listing Contact
    Joshua Harmon
    Joshua Harmon

    Listing agent Joshua Harmon License #PB00080746

    Listing office Harmon Real Estate Company 911 S May Avenue, Fort Smith, OK

    Listing date Jun 3, 2026

    MLS# 1089514 Listing URL

    Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 15‑unit multifamily property built in 1984 at 305 Pleasant Valley Road, Poteau, OK
    • All units feature a two‑bedroom / 1.5‑bath townhome‑style layout
    • 14 of 15 units are currently leased
    • Tenants pay their own utilities
    • Recent leasing has run above existing tenant rents, including a 2026 lease signed at the top of the market
    • Central heating and central air; vinyl flooring; shingle roof

    Overview

    This fifteen-unit multifamily property is configured as townhome-style layouts, with every unit offering two bedrooms and 1.5 bathrooms. The building sits on a 0.75-acre lot and totals 16,620 square feet. According to the current information provided, tenants pay their own utilities, which is reflected in the property’s operating structure. Of the 15 units, 14 are currently leased, with one unit available.

    The property is located at 305 Pleasant Valley Road in Poteau, Oklahoma. Pleasant Valley is described as being built around its unit floor plan. Poteau is noted as the LeFlore County seat and is identified as approximately 35 minutes from Fort Smith, Arkansas via US 59/271. The renter base is described as being supported by Eastern Oklahoma Medical Center, the Choctaw Nation’s regional health facilities, Walmart, OK Foods, and Carl Albert State College.

    This offering may be a practical fit for buyers seeking a small, operationally manageable rental building with a uniform unit mix and a tenant-paid utilities arrangement. With one unit available and 14 units leased, an owner can focus on maintaining the existing leased base while preparing the remaining unit for occupancy. The property is also offered as part of the five-property Poteau Apartments Portfolio, providing a pathway for investors looking to assemble multiple assets.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Poteau
    County
    Le Flore
    State
    Oklahoma
    Longitude
    -94.638016
    Latitude
    35.043554

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    FAQs

    What type of property is this?
    Apartment building - Fifteen two-bedroom, 1.5-bath townhome-style units with tenant-paid utilities and 14 currently leased.
    Where is this apartment building located?
    The property is located at 305 Pleasant Valley RD Poteau, OK.
    What is the asking price?
    The asking price for this property is $935,000.
    What are key features of this property?
    This property features: 15‑unit multifamily property built in 1984 at 305 Pleasant Valley Road, Poteau, OK; All units feature a two‑bedroom / 1.5‑bath townhome‑style layout; 14 of 15 units are currently leased
    (479) 719-0344
    We can help!
    Listing Contact
    Joshua Harmon
    Joshua Harmon
    Real Estate License ID: PB00080746
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    305 Pleasant Valley RD, Poteau, OK 74953
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