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Recently Remodeled 10-Unit Apartment
For Sale
Contact for pricing
Pending

320 N Grand Ave, Okmulgee, OK 74447

A 10-unit apartment building built in 1920, completely gutted with new HVAC, plumbing, electrical, and TPO roofing.

Property Size9,000 SF
Days on Market848

Property Features for 320 N Grand Ave

General Information

Standard status Pending
Size 9,000 SF
Property subtype Multifamily
Net Operating Income $81,680

Additional Details

Multifamily Units 10

Building Details

Year Built 1920
Year Renovated 2024
Buildings 1
Stories 2
Units 10
Listing Agency: First Commercial Real Estate Services Corporation
Listed By: Melanie Richardson · License #OK 141806
Source: Crexi
Added: May 13, 2024 Changed: Aug 8 Last Checked: Jul 25 at 2:51AM

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 First Commercial Real Estate Services Corporation

Investment Insights

Based on property information with market context.

The Grand Apartments is a 10-unit apartment building originally built in 1920 that has been completely gutted and remodeled. Interior updates include new flooring, paint, appliances, all new fixtures, along with new HVAC mini-split systems, new plumbing, and new electrical. The property also features a new TPO roof. Remaining work is noted as parking improvements.

The sale includes an additional lot to the east, large enough for additional parking and potential covered parking for an additional fee. There is room to create a gated entrance to the lot and form a courtyard-style setting for future residents.

With extensive building systems and unit finishes refreshed, the property is positioned as a multi-unit residential asset in Okmulgee.

Key Highlights

  • 10‑unit apartment building originally built in 1920 and fully gutted and remodeled
  • New HVAC mini split systems, plumbing, and electrical throughout
  • New flooring, paint, appliances, and all new fixtures

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Pharmacy Storage Facility Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

514
Businesses Nearby

Demographics for 74447, OK

15,534
Population
7,295
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
231.8 sq mi
ZIP Area
67
Density / Sq Mi
$45,855
Median Household Income
$30,851
Median Earnings
$801
Median Rent
$101,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - A 10-unit apartment building built in 1920, completely gutted with new HVAC, plumbing, electrical, and TPO roofing.
Where is this apartment building located?
The property is located at 320 N Grand Ave Okmulgee, OK.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 10‑unit apartment building originally built in 1920 and fully gutted and remodeled; New HVAC mini split systems, plumbing, and electrical throughout; New flooring, paint, appliances, and all new fixtures
More about this property
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